The holidays are a time for giving, but often people can be a little overgenerous during this time of year and later find themselves in financial trouble. According to a survey by Country Financial 32 percent are feeling the greatest stress around holiday finances.1
Here are our top tips for saving money during the holiday season:
- Create a Holiday Budget
Monthly Income – Monthly Expenses = Your Holiday Budget
Make a list of everyone you will buy for and how much you will spend on each person, then stick to it!
Also, consider setting a gift budget for the entire year to better anticipate costs and save for additional holiday spending monthly. This will allow for smoother month-to-month budget tracking.
- Pay with Cash
When you pay with cash, you can get a better handle on how much you are spending. You are forced to stick to your budget because you can’t spend cash you don’t have!
- Pay with Gift Cards
There are websites and stores where you can purchase gift cards at a discounted price. Shop with them and you are automatically saving money. Shop for items on sale or at a discount store and save even more money!
For assistance with budgeting during the holidays or any time of year please contact [email protected] or call (303) 442-3670.
Epiqwest Culver Wealth Advisors, LLC * 360 Interlocken Blvd., #104 * Broomfield, CO 80021 * (303) 442-3670
Advisory Services offered through Epiqwest Culver Wealth Advisors, LLC, an SEC Registered Investment Advisor * Securities Offered Through Valmark Securities, Inc. Member FINRA, SIPC *130 Springside Dr., #300, Akron, OH 44333-2431 * 1-800-765-5201 * Epiqwest Culver Wealth Advisors, LLC and Retirement Plan Advisory Group are separate entities from Valmark Securities, Inc.
ACR# 3800817 10/21