10 ways holiday shopping is different in 2014
Watch out for staged auto accidents this holiday season

Tips for funding your holiday fun

Xmas-giftsBy Bridget Small, Consumer Education Specialist, Federal Trade Commission

It’s holiday season; time to visit family and friends, buy gifts, and celebrate.

It’s easy to get caught up in the excitement of sales and shopping, but if money is tight right now, you may wonder if you can afford all that holiday cheer. Before you start ringing up holiday expenses, make a budget and get a fix on your income, expenses and what you have to spend.

Keep your budget – and long-term finances – in mind as you decide how to cover holiday expenses.

This might be the year to spend less on “things” and give meaningful gifts of your time and talents. Which of your friends and family would appreciate a memorable photo in a handmade frame or a box of your special baked goodies? How about offering to give music lessons, care for pets, paint a room, or organize a home office?

Despite good budgeting intentions, if you’re still short of funds as the holidays draw closer, maybe you can:
  • Ask your creditors for more time to pay your bills.
  • Get a small personal loan from your bank or credit union.

Having a budget and sticking with your plan will help you take charge of your financial life. You’ll be better able to manage expenses.

And, if you save a bit every week, over time you’ll have money for special occasions. The best time to start saving for next year’s holiday season? January.

Copyright 2014, Rita R. Robison, Consumer Specialist


Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)