You may have been a last minute holiday shopper last year, but planning now can help you have a happier, less stressful holiday season this year. If you follow some of these simple tips, you should have a successful and financial stress-free holiday season:
1. Review your receipts and bills from last year. This will give you an idea of the amount you actually spent and how long it took to pay for it all.
2. Using credit during the holidays? If so, take only the credit cards you will need and limit those to as few as possible. And be sure to check your credit card statements carefully for any unauthorized charges. Report such charges immediately to your financial institution or credit card company.
3. Curb impulse shopping and spending – buy only what is on your list. If you’ve forgotten someone, add them to your holiday budget and, if necessary, adjust the amounts you spend on others so you keep the same total.
For more information, visit: aba.com/advocacy/community-programs/consumer-resources/manage-your-money/holiday-budget-tips