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Stay Merry & Bright: 3 Tips to Reduce Holiday Financial Stress

Date: November 04, 2024
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​Between gifts, travel, parties and keeping up with cherished traditions, the holidays can quickly become a source of financial stress. At a time when many people are already feeling a pinch on everyday essentials, it's even more important to stay mindful of our holiday spending.

Wondering how to make the holidays merry and bright while on a budget? Check out these helpful tips:

  1. Make a Gifting Game Plan
    Gifts aren't something most people normally buy each month, so they can easily throw off your budget if you don't plan ahead. Start by making a list of everyone you want to shop for. Then, look for opportunities to streamline your list. For example, if you're shopping for a large family, suggest a gift exchange or agree to only buy gifts for the children. This way, everyone can save money while still celebrating together.
  2. Embrace “No-Spend" Holiday Traditions
    Remember, you don't need to splurge to make the most of the holiday season. Consider starting some no-spend (or low-spend) holiday traditions such as a family game night, cookie-baking party or movie marathon. Even something as simple as taking a walk or a drive to look at festive lights in the neighborhood can be meaningful and memorable.
  3. Leave Wiggle Room in Your Holiday Budget
    Whether it's a last-minute gift, a flat tire or overnight shipping costs, surprise expenses can—and do—pop up during the holidays. To plan ahead, set aside a little extra in your holiday budget for the unexpected. If you don't end up using the money, you can always save it for next year!

Feel Good About Your Finances!

At Wright-Patt Credit Union® (WPCU®), we believe one of the greatest gifts you can give yourself this holiday season is financial peace of mind. With a little preparation and budgeting, you can do just that! After all, the magic of the holidays is all about time spent with loved ones, not how much you spend.

For more budgeting and money-saving tips to help you navigate your personal Financial Flexibility and Freedom® journey, schedule an appointment with WPCU Financial Coach at your nearest Member Center.

Whether you're just starting out or on your way to building money confidence, we're with you!