Real Life
5 Budgeting Tips for the Holiday Season
We’re all about shopping smart, especially during the holidays. Despite the joy of the season, the strain on our budgets buying all the gifts for family, friends, and co-workers, plus all the things to make the holidays merry, can be stressful.
That’s why we turned to one of favorite women in finance, Danielle Darling, LPL Financial Advisor at Resource One Advisors, to share her top tips on budgeting for the holiday season. So go ahead, and shop with confidence!
1.
Look for coupons, promo codes, and special deals. Deals can help stretch your budget further. Watch your favorite brands for the best prices and find promo codes and coupons!
2.
Make a list and check it twice. Make a list of everyone you’d like to shop for and write down how much you want to spend on each person. Remember, giving is more about the sentiment and thought rather than the price.
3.
Have a separate savings account specifically for gifts. Start saving for next year now. Setting up automatic contributions on a regular basis can help you prepare for next year’s spending.
4.
Invest in quality, versatile pieces for long-term savings. Investing for timeless and versatile styles can help you save in the long-term. By choosing a classic shoe that is a closet staple like the Cameo Flat, you have a shoe that can be styled so many ways!
5.
Stay mindful of your long-term financial goals. Don’t sacrifice your financial well-being for the sake of holiday spending. The thoughtfulness of a gift makes it rich in value.
Follow Danielle on Instagram @darlingfinancial for more tips!
