The holidays can bring plenty of financial stress. You can help yourself this holiday season with awareness of these stressors and use simple strategies to overcome them. Here’s a quick breakdown.
Stress #1 – Finding the Perfect Gift
Everyone wants to find the perfect gift, but sometimes it can be quite difficult. Instead of pulling your hair out, simply ask the person a few ideas of what they want. They might have something in mind already. This can help relieve stress and they get the right gift. It’s a win-win.
Stress #2 – Not Enough Money
Not having enough to cover holiday expenses is a common stressor for many. Creating a holiday-specific budget is the perfect solution. Here’s how to do it:
- Go through your variable monthly expenses and make some temporary cuts.
- Once you have a little wiggle room in the budget, map out the gifts needed and their cost.
- Shop around for the best price available.
- Talk with your loved ones about gift budgets and price limits.
Stress #3 – Holiday Travel
Traveling around the holidays can be expensive. If you need to fly, use price comparison sites like Priceline or Kayak. Fly at off-peak days and times to keep prices low. If staying at home feels more like the right price, simply be honest with your loved ones. Maybe make a plan to be together next holiday season, and make sure you save throughout the year to make it happen.