The holidays are upon us and although 2020 isn’t a traditional year people are still getting into the holiday spirits. Gifts have become a huge part of the holidays, which we all know can add a lot of additional stress. This year there is the added stress of what is the best way to get gifts to loved ones? Shipping can be expensive and you risk packages getting delayed, lost, or broken so I wouldn’t be surprised to see more monetary gifts be given.
By Ann Arceo, AAMS®
While some of us may not feel like celebrating this year, others may feel like the holidays need to be extra special. It can all add up to a lot, and the excitement of a new year can quickly be ruined by a large credit card bill from your December shopping spree. Here are a few quick tips that we’re following to manage our holiday budget.
Since Oprah stopped giving cars away in 2011, we recently had to face the challenge of getting our daughter a better vehicle. While her getting older and purchasing this car should have come as no surprise, it came faster than we wanted (we should have started earlier!!) and I wanted to share a few things we did to prepare for the purchase of the car.
Utilizing Savings
Throwing all Extra Funds into the Savings
Create a Physical Savings Chart
When the time arrives to Purchase, Choose a Budget!
Involve your Teen in the Purchasing Process
Utilize a Teachable Moment
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