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Is It Too Early to Plan for the Holidays?

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Holiday spending in the United States grows every year and has reached the point where everyone’s budget is impacted. We are all under a lot of pressure to buy more and bigger presents, throw bigger parties, travel more, and give more to charity. It’s no wonder that stress and financial worry prevent many Americans from enjoying their holiday season. How can you minimize or avoid holiday financial stress completely? The answer is to have a plan in place that will allow you to focus on what is important to you over the holidays while putting financial stress behind you.

The earlier you begin your holiday spending plan, the better off you will be. ​Now is the perfect time to create a spending plan for the holidays and start saving for gifts and celebrations.

What can you do now to prepare for the holidays?

  1. Create a holiday spending plan. Simply list the areas in which you will need to spend money. From special holiday meals, to gifts for friends and family, write down how much you plan to spend. Apprisen has a Holiday Spending Plan eBook with an easy-to-use worksheet inside. You can download the eBook for free here. The eBook will walk you through the process and help you make decisions on what is important to you and where you want to spend your money. Be realistic. Don’t plan on spending money that you can’t possibly save between now and the holidays.


  2. Start saving money now if you haven’t done so already. Look at your holiday spending plan and determine how you will save the money you will need. Your goal is to not resort to loans or credit cards to finance your holiday plans. Break the total down by paydays and set the appropriate amount aside as you are paid. Apprisen has a Holiday Savings Worksheet perfect for this job. You might even consider opening a savings account just for your holiday fund. You can use the same account each year.


  3. Revisit your plan. If, after step two, you can’t possibly save enough to achieve your spending plan, then you only have two choices. Reduce the amount in your spending plan or find additional money that you can add to your plan. Do not turn to credit cards.

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