The holidays are here! That means delicious meals, parties, and fun with loved ones. It can also mean spending a lot of money—too much if you’re not careful. Here are some easy-to-follow suggestions to help you stay within your budget this holiday season:

  • Decide exactly how much you can spend before you spend a dollar. Hopefully, you have already set aside holiday shopping money in anticipation of this expense, and you have an idea of what you can afford. Make a list of who you are shopping for and how much you want to spend on each person. Don’t forget to also plan your spending for decorations and cards.
  • Do your research and take advantage of sales. Remember that just because an item is presented as a bargain doesn’t mean it actually is. Know how much things usually cost and make sure you’re really getting a discount. Try to purchase items on sale and limit making full price purchases.
  • Leave your credit cards at home. Use cash or a debit card to make your purchases, which will limit your spending to available funds.
  • Use your head and put your heart on the back burner. It can feel good to buy gifts for everyone you know, but you are not Santa Claus—so you don’t have to! If you would like to do something nice for your coworkers, for instance, bake a large batch of cookies.

Following these simple tips can help to make the holidays a bit less stressful. Focus on how much quality time you spend with your loved ones—as opposed to how much money you spend on them—and you can’t go wrong. Plan ahead and start off the new year saving for next year’s holiday season with our Popular Direct Plus savings account or CD.

 

The information mentioned in this article is for informational purposes only, is intended to provide general guidance and does not constitute legal or tax advice. Each person’s situation is unique and may materially differ from the information provided herein.  You should seek the advice of a financial professional, tax consultant and/or legal counsel to address your specific needs before any financial or other commitments regarding the issues related to your situation are made.  Banco Popular North America does not make any representations or warranties as to the content contained herein and disclaims any and all liability resulting from any use of or reliance on such content.

Banco Popular North America is a Member FDIC institution and operates under the assumed name “Popular Community Bank” in the markets in which it operates.  Accordingly, Banco Popular North America and Popular Community Bank are the same FDIC-insured institution. Your deposits are insured up to $250,000 per depositor. You may qualify for more than $250,000 in coverage if you hold deposits in different account ownership categories. For more information, please refer to: www.fdic.gov.