Have you ever received a present from your partner and wished he or she had not spent the money? I know I have!
Avoid the “Holiday Financial Hangover” by discussing a Holiday budget with your partner now! Decide what makes sense financially that is in line with your long-term goals and dreams and set a mutual budget. Ask yourself; “Are my goals and dreams bigger than the latest gadget I want to give or receive?” The need to please with short-term gratification is powerful, yet the long-lasting rewards of financial independence is far greater! Keep your focus on the long-term benefits of saving the money instead of spending it to achieve short-term gratification. Also, if you get hit by the “buy now” bug, wait a week or so and that desire may just go away!
Talk about your budget now before you get started on your Holiday shopping. You can also brainstorm on some cost-effective ways to enjoy the holidays for less! Here some ideas to add to the Holiday cheer at little to no cost:
- Take a drive through the neighborhood to enjoy the Holiday lights.
- Make a list of everything you love about your loved ones and put it in their stocking.
- Treasure hunt in your storage! I found some items my husband forgot he had (that I know he really liked, but forgot about) and wrapped it up for him. He was pleasantly surprised!
To start planning for 2018, access our Ultimate Planning Guide at over 40% off, so 2018 can be your best year ever!