Coal or. Goals: Quick Tips for Sticking to Your Christmas Budget
Have you ever gone to the mailbox the week after Christmas and discovered a fist full of bills? Have you thought back about the things your gift recipients enjoyed or the items that were just filler so they’d have plenty of gifts to open? (Stocking stuffers come to mind here.)
Every year, 39% of Americans are still paying off last year’s holiday gifts when they start this year’s ball rolling and get themselves even deeper into debt. This is no way to start off a new year.
This infographic has a few tips that will have you reaching goals instead of getting coal in your stocking.
Here are some resources for holiday budgeting:
- The Traps Retailers Use to Get You to Exceed Your Christmas Budget (and How to Avoid Them)
- Have Yourself a Thrifty Little Christmas (and a Debt-Free New Year)
- 20 Free and Festive Ways to Wrap Gifts
- How to Make a Festive and Frugal Holiday Dinner from the Pantry
- How to Use the Snowball Method to Get Out of Debt Quickly
Christmas is just one day. If you usually overspend, set expectations for your family that this year is going to be different. It’s not worth being buried in debt for an entire year just because society pushes you to spend, spend, spend. You’re still a good parent, partner, family member, and friend if you stick to your budget.
Remember to focus on the things that really matter this year.