November 2015 – Wi$e Up!

We can’t get to where we are going until we know where we want to go and have a plan in place to get there.

 

Our Journey to Financial Well-Being will include tips and tools you can utilize to reduce your debt and increase your savings.  This month we will feature Holiday Savings Tips.  Here are a few ways we can keep our Holiday Spending under control:

  1. Look at your current finances and determine your holiday budget. – Make sure your monthly bills, savings, and church contributions have been covered with your income first. Next you can begin to plan your holiday budget keeping in mind that you do not have to go in debt to show how much you care!
  2. Avoid the Binge – Set a limit and stick with it. To make holiday budgeting easier, you can obtain a Visa gift card with however much money you budgeted to spend towards your holiday gift giving. Once that is gone, that is it!
  3. Revamp your gift ideas – Get creative!
    1. Holiday cards can go a long way to show your appreciation.
    2. Consider stocking stuffers with candy and gift cards for adult children.
    3. If you have a large group to buy for, consider a White Elephant Gift Exchange. Each person only has to buy one gift and everyone gets a gift. Set a budget and have fun!
  4. Start your shopping list early and shop online – Black Friday is a popular shopping day, but there are many great sales that happen throughout the year. Shopping online helps you save gas, easily comparison shop, and take advantage of free shipping!
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