Financial Tips For the Holidays

It's officially the holiday season! We're only a few short days away from Christmas, and if you're like us, you've still got a little bit of shopping to get done. Christmas is a time of great joy and celebration, but it can also be a great burden! Rather than getting stressed about spending copious (your 5 cent word of the day) amounts of money, here's a few quick tips that will ensure you won't be left out in the cold...we hear it's frightful...but that fire is so delightful.

Beware the "Deal"

Whether you shopped online for Cyber Monday sales or braved the crowds on Black Friday, you probably came in contact with a "Deal". We're constantly bombarded with deals that entice us to spend money. Amazon.com has its Deals of the Day, and if you walk into any store, you'll see some discounted item vying for your attention. If nobody wants it...no matter how cheap it is, DON'T BUY IT. You'll save yourself money. A deal is only a deal when you're actually looking for the item.

Prepare a Year in Advance

Set up a seperate Club/Savings account at your financial institution and set aside a little money each week. It doesn't have to be much. Think about this, if you start saving $10 per week until next Christmas, you'll have saved around $500 to help ease the stress of buying for friends and family.

Purchase Family Gifts

The reality is that you may have a huge family, and buying for every single person isn't an option. If you don't want to miss out on anyone, think about purchasing a family gift instead. It could be a board game, gift card for a dinner somewhere, or anything that the entire family would appreciate. 

Purchasing on December 26th

If you need to restock your gift wrapping supplies, don't wait until next year. Make your purchases the day after Christmas. Most stores will offer their holiday items at a discount. Believe us, there's no experation date on gift wrap, bags, tape, or many other decorative items.

Homemade Gifts

Don't knock a well thought out homemade gift! Honestly, homemade gifts often times get looked down on, but we think if you're thoughtful about what you make for the recipient, it can be way more impactful (and cheaper!) than something you bought at a big box store. 

- The Taconnet Team