Archives Posts
Holidays are expensive
The holidays are now behind us, all the christmas presents have been exchanged and opened and the decorations put away for next year.
Like a ton of bricks, it hits us! We begin to receive our credit card and bank statements and when we open them we all feel “this can’t possibly be right!” but after careful review we come to find it is. After the initial shock of how much we actually spent during the holiday season, we begin to rationalize our spending “we only do this once a year,” “after all, the gifts for kids,” and the rationalization can go on and on.
We will now pay off our debt for months and maybe even the entire year. Let this year be the last year this debt falls upon you.
Before you allow time to pass, start doing the following three things:
1. Calculate how much you really spent on the holiday gift ideas this past year.
2. Calculate how much you really need to spend next year and start budgeting for it.
3. Determine and start implementing how you are going to save the money for next years holiday shopping.