Strategic Financial Planning for the Holiday Season
As
we bask in the glow of a summer well-spent and enjoy the leisure of outdoor
grilling, it’s easy to overlook that Christmas is just around the corner, with
only 20 weeks left for shopping.
Indeed,
with roughly five paydays until the festivities, it’s prudent to begin
contemplating your budget. Alarmingly, nearly half of us have no savings plan
in place for these holiday expenses, setting the stage for a January filled
with anxiety as we face substantial credit card statements from December’s
indulgences.
This
financial strain often extends into the new year, limiting our activities until
we receive our first paycheck. For those who don’t settle their Christmas debts
immediately, returning to normalcy may take longer.
Avoiding
the Christmas Debt Hangover
Here’s
a startling reality: opting for minimum payments on your festive credit card
balance could extend your repayment period to over 20 years. However, financing
Christmas need not be a burden.
While
it may seem premature to consider holiday savings amidst summer festivities,
setting aside funds now can significantly ease your financial load come
December. By saving starting now, you’ll be fully prepared for the holiday
expenses.
Rob @TheLeftunders also agrees it works - https://www.leftunders.com/debt/financially-ready-for-christmas/
Give it a try and be financially ready for the cost
of Christmas.
