“The holidays are a pretty tough time to stay disciplined with your financial goals, but it’s entirely possible and here are a few tips to guide you.” – Bola Onada Sokunbi, money expert influencer and founder of Clever Girl Finance.
- Make a list and create a fixed budget for any gifts you intend to buy for your friends and family or for yourself.
- Christmas and right after the holidays are the best times to buy gifts, and you should not buy everything on Black Friday, as many are lead to believe.
- Build your holiday season budget into your existing budget so you know exactly how much you need to put away between now and then. Including your holiday budget will also allow you to see the bigger picture of how much you are spending overall.
- Before the holiday season begins, review your financial goals and remind yourself of your big picture – what it is that you actually want to accomplish with your finances long term. This exercise will help you to stay focused on your big goals that extend past this holiday season.
- Finally, avoid credit card debt. December is not a bonus month, those statements will arrive in January and you might not like what you see.
Snack On This:
Watch Bola talking about breaking unhealthy spending habits: “Get a glass of wine, put on some nice music, sit down one evening and go over everything.”