How to $pend your holidays

Don’t let the holidays send you into a financial downward spiral. Starting off the New Year without unnecessary debt will set a positive tone for the entire year ahead! 1) Set a Limit. Determine what you can afford 2) Build a budget. Separate into categories beyond gifts; include decorations, entertainment, food, and travel. 3) Prioritize. Decide what items are essential on your list and which are not. 4) Plan your credit use. If you are going to use credit cards stick to a budget and have a plan to pay it down quickly. Consider using cards that offer cash back. 5) Scope out the deals. Sign up with your favorite stores to receive coupons and sale alerts to get the most bang for your buck. TRACK! 1) Check it off. To avoid over-buying use a list and check it off as you go. 2) Record daily. By tracking expenses immediately you will notice if your getting close to budget limits. 3) Use cash. One of the simplest ways to stay within your budget. Separate into envelopes, once empty you are done! Do what works for you and don't put your head in the sand.

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