What Drives Your Holiday Spending?
In the first half of Wealthy Radio the phone lines were open for our What Would Deborah Do! segment. Do you allow the stress of family expectations to cause you to overspend during the holidays? I took calls, questions and shared tips on how you can stay in the black and not go in the red over the holidays.
What are your strategies for staying in the black during this holiday season?
In My recent blog at Deborahowens.com, I shared these tips.
Set expectations for your children.
Have a frank discussion about what you can afford in the family budget.
Have the name of one family member name and put a limit on the cost of the gift. Make sure it fits the budget of everyone in the family.
Start a Christmas Fund.
Establish a Christmas saving fund at your bank this month and set up an automatic withdrawal so that next year the funds will be available.
Our audience shares their strategies as well. Take a listen
What strategies will you employ to keep your own balance sheet in the black this Christmas?
Leave your comments below.
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