The holidays are just around the corner. We all know giving gifts, hosting parties and or attending get-togethers is apart of the fun and merriment. Cheers!
It is easy for so many of us to slip into debt and head into the new year with that dragging us down. Oh how freeing it is to enjoy the holidays debt free and head into the new year that way. This is not a piped dream. It is something we all can do, if we plan and resolve to let it be that way.
First off put together a budget for the holidays and develop the habit of funding it throughout the year. This means putting a set amount of money away for the festivities and gifts you know you will buy. Giving is fun but no one is happy to go broke doing this.
It’s already quite late in the year already, so you may not be able to budget for all you want to do and enjoy. You can have a bare bones budget for November and December to free up some cash. A bare bones budget is one where you cover the necessities and pool everything else towards a particular event or thing. It’s temporary and well worth the sacrifice if one has a desire to spend (heavily) during the holidays.
It is also ok to say no to events that crop up unexpectedly. If you don’t have room in your budget for it, learn to say no and let some things go by. Stick to your budget because adding debt is digging a whole that you will need to dig out of later.
Don’t let the holidays creep up on you and you are not prepared. Budget for it, stick to your budget and enter 2020 free of debt from the holiday. I think the holidays are far more enjoyable this way.