5 Tips to help you ( and your wallet) survive the holidays
Need to shop on a budget?
Here are 5 Tips to Save Money During the Holiday Season.
By Simon Trudel-Lachance
Navigate Your Holiday Finances and Celebrate Stress-Free.
Here’s a guide to navigating holiday finances, emphasizing innovative budgeting, safe shopping practices, and setting gift-giving boundaries. It also underscores the importance of using the holidays as an opportunity to teach children about money for a stress-free celebration.
5 Tips to Save Money During the Holiday Season
1. Budget smarter
• We always hear the same outdated budgeting advice: avoid impulsive buying, avoid holidays sales traps and shop around to find the best deals.
• Here are some new tips: Buy gifts throughout the year and factor in the cost of the delivery.
2. Shop safe
• Online shopping or braving the malls may result in fraudsters getting your credit card or bank account information.
• Always be careful, shop on websites you are familiar with and always keep an eye on your wallet!
3. Gift like a pro
• It can be difficult to find the perfect gift for your kid’s teacher, dog walker or your boss.
• Set Up an amount on a holiday gift for all those helping hands around you.
4. Handle those awkward dinner money conversations
• You just sit at the table and start serving yourself your holiday diner and then the conversation turns into the dreaded subject of money.
• Be proactive about your finances, advise if you don’t want to give a gift, encourage people to not offer too many gifts to your kids, take the time to reflect before borrowing money from someone, answer them 1-on-1 and avoid the subject you are not comfortable answering.
5. Use the holidays to teach kids about money
• Your kids might receive some money from your relatives.
• Take the opportunity to teach them the importance of money, encourage them to save it for a bigger purchase or to put it into a savings account.
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ABOUT THE AUTHOR
Simon Trudel-Lachance
PIB — Sponsorship & Membership coordinator / Content Writer
Pride In Business article in partnership with TD.
By Simon Trudel-Lachance