With the holiday shopping rush officially here, we thought it was important to do a follow-up posting on our smart holiday spending series. We hope these tips will help you make smart financial decisions this holiday season and help plan financially for the New Year.
1.) Create a realistic and affordable budget. Decide on an amount you are willing to spend per person and do not exceed it.
2.) Shop with cash and use a ledger. This will keep you in touch with your spending; you could even spend up to 20 percent less.
3.) Avoid impulse buying and last-minute shopping.
4.) Pay off any holiday debt as soon as possible, so you do not accrue additional interest. This is especially important with store credit cards.
5.) Think outside the box. Consider gift alternatives like a breakfast, lunch or just a day together. Handmade gifts are also cost effective.
6.) In the New Year, start saving the amount you spent this year on holiday gifts and open a separate account for next year’s holiday expenditures.
7.) Comparative shop and take advantage of Christmas discounts immediately after the season. This is the best time to purchase gifts for the following year.
If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.
Related Resources: http://www.mpnnow.com/article/20131207/NEWS/131209958/?tag=2