Start Saving for the Holidays Now

November 6th, 2017 | Author:

[I]n reality, you should have a savings plan all year long for the holiday season. However, it’s never too late to start. Whether you buy gifts for a lot of people, host dinners or just go out and enjoy all of the holiday activities, it usually costs a lot of money during this time of year.

Know How Much You Can Save

If you’re just starting out to save money for the holidays, you’re going to have to do it backwards. Early in the year you can calculate how much you need and then save a percentage each pay period. Now you have limited time, so you have to begin by calculating how much you can save out of each paycheck. That is the amount you will have to work with for your holiday expenses.

What If It’s Not Enough?

When you see how much you can realistically save without changing anything, you may be disappointed. There’s just much left over after paying your bills, and that amount won’t go very far. What you will have to do is figure out ways to increase your savings. You may want to sell items, get a second job or find ways to cut back on your spending. For instance, you can make gifts instead of buying them.

You may even barter your services with someone else for things you need. Perhaps you can babysit if the other person will cater your dinner. Get creative when you don’t have a lot of funds. Instead of cooking an entire meal for your family, have everyone bring a dish to share.

Even if it’s only a few dollars, you should still plan to start saving for the upcoming holidays. It will teach you a good habit with a short timeframe that you can convert into long-term behavior. Just determine you won’t go into debt for the activities you have planned, so you can start out the next year on the right track.

Newest Answers

Why Your Credit Score Matters If You’re a College Student

November 17th, 2017 | Author:
h

[Y]ou don’t have much money and any you do have goes towards paying your college expenses. You may wonder why a credit score even matters at this stage of your life. If you haven’t given it much thought before, you need to become aware of it now. Your Future Depends On It Your credit rating […]

Continue Reading »

What You Should Know about Credit and Car Insurance

November 15th, 2017 | Author:
h

[I]f you have poor credit, you probably know it will impact your ability to get a credit card or loan. However, it can also influence how much you will pay for car insurance. The connection between credit rating and car insurance may seem odd to consumers, but it is an essential combination for insurers. Taking […]

Continue Reading »

What You Need to Know about Disputing Information on Your Credit Report

November 13th, 2017 | Author:
h

[I]f you check your credit reports, there is a good chance that you might find an error. Statistics show that one in five credit reports contain errors. That’s not good news for consumers who rely on credit reports for new credit and loans. However, you can dispute any errors and get them corrected. How to […]

Continue Reading »

What You Must Consider about Consolidating Debt

November 10th, 2017 | Author:
h

[Y]ou have a hard time keeping track of the bills you have to pay. With multiple credit cards and more than one loan, it’s a wonder you keep it all straight. You may wonder if a debt consolidation loan is right for you. Before you go this route and try to find a way to […]

Continue Reading »

Understanding What Charged-off Means

November 8th, 2017 | Author:
h

[I]f you’ve looked at your credit report recently, you may have noticed that an account says Charged Off. You may not be sure what that means for you and for your credit score. It’s an important term you should understand to help you improve your credit score. A creditor will charge off your account if […]

Continue Reading »

Start Saving for the Holidays Now

November 6th, 2017 | Author:
h

[I]n reality, you should have a savings plan all year long for the holiday season. However, it’s never too late to start. Whether you buy gifts for a lot of people, host dinners or just go out and enjoy all of the holiday activities, it usually costs a lot of money during this time of […]

Continue Reading »

How Unemployment Benefits Can Help

November 3rd, 2017 | Author:
h

[W]hile you may be aware of unemployment benefits if you lose your job through no fault of your own, you may not think you qualify or will be able to get them. However, they can be a lifeline until you are back on your feet with a new job. File ASAP Many people don’t get […]

Continue Reading »