Create a holiday budget - Deepstash

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Create a holiday budget

Ask yourself what you think a realistic amount is to spend on gifts for yourself and others. It should be a number that you can realistically afford without dipping into your savings or creating credit card debt.

Then do your best to stick to your budget without getting caught up in consumerism. One strategy could be to use your travel funds. If you've cancelled a trip, you could redistribute a portion of those dollars for gifts.

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MORE IDEAS FROM THE SAME ARTICLE

Our emotions are often more intense during the holiday season. Marketers are experts at using those feelings to make you buy things.

  • Make a rule for yourself: If an ad on the internet suggests a product to you, don't buy it.
  • Treat your emotions as if...

The holidays are usually filled with joy, celebration and the giving of gifts.

Having a financial plan in place will enable you to be less stressed and get through the holidays with your finances intact.

For those who are able to see your family in person this holiday season, you can save money by doing a white elephant gift exchange instead of buying gifts.

Another fun activity is cooking a special meal or playing old fashioned charades.

Experiences often stand out over possessions in our memories. You can explore a nearby park or nature center with your friends and family, ice skate, ski, visit a zoo, or any number of other activities.

Online, you can host a talent show or take a virtual craft course. T...

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Myth: Shop Early for the Best Deals

While early holiday shopping can snag you discounts and the best selection, you are most likely to get the best deal just before holiday shopping.

Retailers need to move holiday-specific merchandise because they are seasonal items. You can probably score deals 20% and 30%...

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Remember what’s essential about holidays

Do you care deeply about your religion? Do you care most about spending time with your loved ones? Maybe certain traditions matter tremendously to you. Maybe you love the feeling of giving (of which, more below). Get clear on this, and the rest gets much easier

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Added stress during the holiday season

The holiday season can be the loneliest and most stressful time of the year for some people. When combined with workplace stress, the festive season can add stress. 

Just before the holiday season, employees are dealing with shortened deadlines, expectations for the end of ...

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