How did you do with your holiday spending this year? Did you make a list of people to give gifts to? Did you have a spending plan? Did you pay cash? =)
Take a quick look back. Go over your receipts. Write it down and see how much you actually spent. One of the holiday items on my spending plan is photos and/or cards that I send out. I include them in my spending plan, however I usually forget to include the cost of stamps!
Write down your spending plan and the amount actually spent. Tuck it away in a Christmas or Holiday folder or even better, create a manilla folder labeled "Christmas" or "Holidays" and put it with your bills. So you'll be prepared for next year.
Also look at your spending plan. How much did you spend? According to The Buffalo News, the average cost of holiday spending is $923.36. Let's use that an an example. If you spent $923.36 for the holidays, divide it by 12 months in a year. That's $76.95 a month. Is that affordable for you? Is that what you'd like to spend? Whatever the cost of your holiday spending was, divide it by 12 and save that amount per month. That way you'll be ahead for next year with your spending plan and your money already saved, so you can pay cash and enjoy spending time with family.
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