Ways To Stay On Track This Holiday Season

Dated: 12/06/2018

Views: 59

Image title

Decide how much you can afford to spend

How much you feel comfortable spending this holiday season ultimately depends on how much discretionary income you have each month. This is money that is left over after paying for necessities like food, shelter and clothing. But it does not include emergency savings, investment accounts or retirement savings you’ve already set aside, as this money should be left untouched.



                                                                                                       Craft your budget  

Make a list of all the people you Image titlewant to buy presents for this year and estimate how much you think you can afford to spend for each person. The total figure should be a reasonable amount that leaves you with enough money for other holiday expenses like decorations and traveling. You can then write these figures down in a notebook or in a budgeting spreadsheet for when you hit the stores.

 



Image title

Track spending

Of course, you’ll need to track everything you spend. Record the details of every purchase on a spreadsheet or in a notebook. 



Image title


Avoid debt and plan for next year, keep in mind that if you carry a balance on your credit card, the interest you’ll pay will likely cancel out any rewards. And if your credit card balance climbs high enough, it could negatively affect your credit score.In this case, sticking to a cash budget is probably the better way to go, as it will help you stay out of debt and avoid running up a high credit card balance. But if you can pay off the balance in full each month, credit cards are likely the better option.Finally, it’s never too soon to start thinking about next year, so why not begin saving now? Try to set aside at least $50 a month for next year’s holiday shopping so by the time next December rolls around, you’ll have more than $600 saved.


⦁ Decide the amount to spend in advance 

⦁ Sit down and discuss the amount of money to be spent at 

⦁ Make a list (before you start shopping) Grab a pen and some paper 

⦁ Prioritize your Spending

 ⦁ Use Cash⦁Ignore Sales 

⦁ No Emotional Spending 

⦁ Stop Impulse Buying

Blog author image

Manuel Quiros

My name is Manny Quiros, I’m a real estate professional in the “Disney Area”, I have lived in this area since 1999 and have called this area my home and place my wife and I to raise our three wo....

Latest Blog Posts

Haines City Commercial Property Great Location Just Off US27

                                                    ;

Read More

Stranded Without A Kitchen Island

When it comes to home improvements, there are few things that are requested more often than kitchen islands. Having a kitchen island can totally change the way that you work in your kitchen, and in

Read More

Hone Elements Worth Keeping

Whether you're looking for a home with character, or interested in selling one, I'm here to help! Send me a message to get started today. #thehelpfulagent #worthkeeping #houseexpert #homestyle

Read More

Top Repairs To Tackle Before Listing Your Home

When you put your home on the market, you obviously want to get as much as you can for the property. A lot of things can affect your home’s value, including many items that are largely out of your

Read More