Holiday spending when not the holiday
May 21, 2021
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Few are thinking holiday spending this month. But why not? Americans spend over $1000.00 during the Christmas season. One study showed they borrowed over $1000.00, think credit cards, even pay day loans and they had not intended to do so.
V Before the impulse of the season is here, plan gift giving and purchase with cash. Consider what would be a valued appropriate gift. ‘On sale’ does not mean value. Gifts of phone cords and socks might not be bling, but they are great gifts and will get used.
M Just preplanning and using cash will ensure saving money instead of building debt. This also reduces the ‘crush rush’ of the season ahead.