logo
g Text Version
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies

dailyclick
Bored? Games!
Nutrition
Postcards
Take a Quiz
Rate My Photo

new
European Travel
Action Movies
Bible Basics
Houseplants
Romance Movies
Creativity
Family Travel


dailyclick
All times in EST

Autism Spectrum Disorders: 4:00 PM

Full Schedule
g
g Home Finance Site

BellaOnline's Home Finance Editor

g

Holiday Financial Preparedness


The holidays can be a time of great fun and giving. One thing that can ruin them is the burden of financial debt. A little preparedness can help make this holiday fun without money worries.

Are you still carrying debt from last year's holiday celebrations? Removing the burden of previous years' debt is crucial. It leaves you better prepared for future holidays. The simplest step to reduce this burden is to pay extra each week to pay off the debt. It may involve some sacrifice, but a headache-free future is worth it.

Too close to the holidays to get that debt paid off? You will need to plan your holiday carefully and spend less while paying extra towards your debt. It doesn't sound exciting, but debt pay off requires some sacrifice. Nevertheless, you can still have a good holiday.

Prioritize what is important. One thing that can get us in debt at the holidays is trying to do everything. All this does is cause stress both emotionally, physically, and financially. Holidays are meant to bring joy and togetherness. Prioritizing what is most important to you and your family will help save money as well as stress. You may find that what makes the holiday truly special to each family member doesn't require spending.

Try a gift name exchange. Gifts can really run up the debt. Your family and co-workers may choose to start a gift exchange. An exchange of names reduces the number of gifts to buy. It lets you concentrate on putting thoughtfulness into just one or two items.

Decorate with ornaments you already have. There is no need to buy new decorations every year. In fact, pulling out and using prior year's ornaments can become a tradition. These items hold special memories of past holidays and loved ones. Or try an old-fashioned style Christmas. You can pop popcorn and string it onto the tree. Make your own decorations such as stars made out of paper. The creative endeavor can bring your family closer together.

Guard your credit or debit card. Thieves love the holidays. People are in a hurry and distracted. This makes stealing much easier. Be aware of your surroundings and keep your purchases stored in a trunk or out of sight in your vehicle. Several big stores have had trouble with credit card information being stolen. Keep a check on your credit through the holidays or pay with cash. Be aware that stolen debit card information can wipe out your bank account. Debit cards do not carry the protection that credit cards do.

Set a spending limit. It pays to set a limit on spending at the beginning of the holiday. Keep track of it to make sure you are staying in your limits. Coordinate with other family members who are part of the spending limit. You may find that by limiting expenses you appreciate what you do get more.

The holidays can be great fun. By all means, enjoy the season. Just stay safe and within your budget and after the holidays you will be stress-free knowing you don't have a big debt to pay off.


Add Holiday+Financial+Preparedness to Twitter Add Holiday+Financial+Preparedness to Facebook Add Holiday+Financial+Preparedness to MySpace Add Holiday+Financial+Preparedness to Del.icio.us Digg Holiday+Financial+Preparedness Add Holiday+Financial+Preparedness to Yahoo My Web Add Holiday+Financial+Preparedness to Google Bookmarks Add Holiday+Financial+Preparedness to Stumbleupon Add Holiday+Financial+Preparedness to Reddit




Track Your Spending
How to Make a Budget
Personal Budget Types
RSS
Related Articles
Editor's Picks Articles
Top Ten Articles
Previous Features
Site Map


For FREE email updates, subscribe to the Home Finance Newsletter


Past Issues


print
Printer Friendly
bookmark
Bookmark
tell friend
Tell a Friend
forum
Forum
email
Email Editor


Content copyright © 2014 by Sandra Baublitz. All rights reserved.
This content was written by Sandra Baublitz. If you wish to use this content in any manner, you need written permission. Contact Sandra Baublitz for details.

g


g features
Walmart Savings Catcher Review

Grocery Price Comparison Tools

Save Money on Gift Cards

Archives | Site Map

forum
Forum
email
Contact

Past Issues
memberscenter


vote
Poetry
Daily
Weekly
Monthly
Less than Monthly



BellaOnline on Facebook
g


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2014 Minerva WebWorks LLC. All rights reserved.


BellaOnline Editor