Creating Financial Boundaries During the Holidays

Establishing parameters for your money this season can set you up for financial success in 2025!!!

The holiday season is many people’s favorite time of the year, but it can come at a high cost. Amid inflation and the high cost of seasonal expenses like food, gifts and travel, can add an extra level of stress trying to keep up with holiday shopping.

While giving can be noble, consider setting boundaries when it comes to lending and spending money during the holidays. Below are a few tips to help reduce stress this holiday season.

• Set a 2024 Holiday Spending Limit

• Discuss low-cost ways to celebrate with family and friends

• Get comfortable with saying "NO' to additional spending and requests to borrow money for the holidays.

• Explore your motivations around holiday spending

• Make a shopping list and STICK TO IT.

• Use coupons and compare "sale" prices to the prices advertised prior to the holiday season.

• Remember Holiday pressure is normal... It is literally forced at you at every angle.... practice mindfulness when you are feeling stressed.

• Find some time to focus ... Take a step back from the chaos and do something that brings you joy. Maybe it’s coloring or taking a long, hot shower. Whatever it may be, don’t forget that you can and should treat yourself.

@Everyone While it is early, let us be mindful about spending this holiday season. We are looking to build wealth and be more financially stable in all of our decisions.