Most of us at one point or another have “over spent” during the holiday season. In fact, 8 in 10 consumers admit they overspend on holiday purchases. (TD Bank Survey) Between the food, the gifts, and the endless get togethers’ it is hard to stay on track and within budget. Your BBB® has some tips to get your budget back on track after the holiday season!
[su_heading style=”flat-green” align=”left”]1. All in….know how much you owe[/su_heading]
This will likely be the most stressful part of getting back on budget after the holiday season. It is important to total up all of your debt to see where you truly stand. From here you can start to attack your debt by separating out by highest priority.
[su_heading style=”flat-green” align=”left”]2. Prepare for next year[/su_heading]
Ensure that next holiday season doesn’t creep up on you. Prepare and plan ahead! There are many ways to start saving now, such as a holiday savings account or you can take $20 out of each check and put away for safe keeping. Lastly, spread out your gift buying schedule to all year so when the holidays come it doesn’t seem so overwhelming!
[su_heading style=”flat-green” align=”left”]3. Sell those unwanted gifts[/su_heading]
It is inevitable to happen, the Christmas gift that you never wanted but got anyways. Instead of throwing it in a drawer or even worse throwing it away…sell it! You can always sell your unwanted gifts on EBay or post it on social media and sell to your friends!
[su_heading style=”flat-green” align=”left”]4. Challenge yourself[/su_heading]
Lastly, go on a spending diet! Try sticking with the necessities and ditch the finer things in life. Challenge yourself by setting up weekly and monthly goals to see how much you can save. Reward yourself with something small for hitting each goal, your reward doesn’t have to be monetary!
Start with Trust For more information, please visit www.bbb.org/evansville