According to a recent survey, 63% of people said they incurred holiday debt unexpectedly. Many people take 6 months or more to pay off their holiday debt and some never ever pay it off.

That’s why planning and budgeting are crucial during the holiday season. As we all know, the holiday season can be a very expensive time of the year. To help you manage your expenses, here are a few tips:

  • ¬†Create a budget and try to work with the funds you have available. Avoid relying on high-interest credit cards.
  • Consider experiences with friends and family instead of buying gifts.
  • Remember that a holiday budget isn’t just about gifts; it also includes expenses related to activities, events, alcohol, and more. Allocate these expenses in your budget, as they can quickly add up.

Feeling overwhelmed? Get in touch so that together we can create a plan!