Holiday Spending
December 5, 2024
The final weeks of the year are often filled with holiday festiveness, good times, and possibly some travelling in order to be with friends and family. One downside of the end of the calendar is a lot of the fun comes at a premium to your bank account. Gift giving or travel costs can be well worth the additional expense. But it is important to keep track of these expenses. Watch your spending just as you would for a grocery budget or miscellaneous purchases at any other time of year.
In the short term, budgeting apps1 rose sharply in popularity. Popular apps continuously add features to help keep you aware of patterns in spending. They can alert you when unfamiliar or large purchases are detected.
Personal vigilance helps you through the holiday season. But for the big picture of budgeting for life events down the road, a financial professional is necessary. They show where you need to save – or possibly where you can afford to spend more than you thought! Contact us to schedule a complimentary consultation and learn more about how spending and budgeting can be a strategy instead of a perceived restraint.