4 Tips to Keep Your Holiday Budget in Check


Christmas cookies with festive decoration and christmas lights on white wooden background. New Year and Christmas concept.

Temperatures are dropping, the holidays are just around the corner, and those TV commercials are advertising holiday specials. Shopping for most consumers begins early, so we are providing you with some tips and tricks on how to best budget for the season.

1. Do your homework.

Take a look at your spending from last year. Did you overspend in some categories? Decide how much you can afford to spend this year, and know your limit before you begin shopping. Start saving ahead of time by utilizing products like our Holiday Club and Goal Savings.

2. Make a list, and check it twice!

Make a list of all your holiday purchases and upcoming events. Assign each purchase a specific dollar amount and trim down your list as needed to fit your budget. Remember, paying cash makes overspending obvious!

3. Remember those unexpected costs.

They may seem small, but unplanned holiday expenses can really add up over time! Consider greeting card purchases, food purchases, last minute gifts, travel expenses, charitable giving and mailing costs. Adding a miscellaneous line item to your budget may help cover unexpected costs as well.

4. Consider inexpensive holiday activities.

Plan a holiday craft or movie night with friends and family. Add some hot chocolate to your thermos and drive around looking at holiday lights. Bake cookies for neighbors, or go caroling with friends. Homemade gifts are wonderful, too!

The goal is to spend your holiday season with your friends and family, so plan and save ahead for your holiday shopping!

By Rachel Mathias, Financial Education Coordinator


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