Regardless of income, we all deserve to enjoy the holiday season with friends and family. Start to plan out your holiday budget now so that you don’t find yourself digging out of more than snow this January! Here are some ideas to get you off on the right track to responsible spending and joyful sharing!

Gift buying – If possible, ask family members now if each person can buy just one nice gift for one other person in the family. This will help each family’s budget and everyone will be sure to get a gift they really want. I also know lots of families who make nice gifts for their friends and loved ones. That also really helps to save on the moola.

List out everyone to whom you will give a gift this season. Once you have all the estimated price tags on paper, add it up and determine where and how you should adjust it to stay within your available budget. Doing this now will ensure your don’t overspend at the register.

Travel – Whether you’re boarding a plane or just gassing up, these extra trips cost money. Brainstorm how to keep these expenses under control.

Entertainment and Hosting – Make sure you budget for the extra food, libations and even to treat yourself to a new holiday outfit if it fits within your budget! Even better, see if you can skip hosting this year. See if another family member or friend would prefer to host. Offer to help by bringing a main dish. Remember to bring an inexpensive hostess gift.

The important thing to remember is that your November and December monthly budgets are going to be larger than your normal monthly budget.   So make your adjustments now to ensure a guilt free holiday and a head start on your New Year’s Resolutions! Contact me to learn how to set a budget, live within your means, and plan for a positive financial future!