Personal Finance

Create Holiday Financial Blueprint

  • Determine your large holiday occasions: Your large festive occasions: The holidays provide various favorable circumstances and the question become which event to attend. Selecting your major holidays assists you in assigning your money properly in your financial plan. Potentially, it also makes certain that a little part of your holiday financial planning is saved for unexpected occasions like spontaneous dinners or cocktails with friends.
  • Place¬†your attention on experiences rather than things: We are in a buying culture where we regularly are barraged to spend money. Television, radio commercials or even emails inform us of a sale and now while we are in stores flashing announcement highlights more products to purchase. For this reason, I encourage you to consider if a gift is what you really want to give. I have noticed that people desire mostly to connect and feel that they their lives have purpose. Think if you can provide human connection and meaning for those you love. An example is that your family can volunteer at a holiday soup kitchen and then have an intimate meal at home. Another example is to ask all family members to bring a dish in December to the family dinner. Also, one of my favorite things is to donate to a charity that has meaning for a loved one and give in their name. My uncle for instance is my Godfather and annually I donate to an organization in memory of my aunt who passed from Lupus complications. My uncle is not interested in gifts, but he enjoyed receiving the card acknowledging the gift the organization received in memory of his wife.
  • Intentional Giving: The song says “He’s (Santa) making a list and checking it twice”. I ask you to consider doing the same action. List the people you want to give including those that service your needs like the US Postal worker and your hair stylist. After making this list reviewing it see if someone on your list would benefit more from step 2, of connection and meaning. For those that remain on your list for a gift, decide the amount you are going to spend for each gift. Come up with an idea of how much you want to spend and finally seek promotional codes and coupons online that can help you save.