Posted on Monday 09 November 2015
We understand that #financialplanning might not be the priority for many Canadians during the holiday season. In fact, the majority of shoppers spend the highest amounts of money during this time of the year, often overlooking their budget and over spending well beyond their means. This leads to horrible depression following the holiday, but it appears to continue to happen despite one's best efforts. It's important to remember that Christmas cheer isn't all about how much money you spend, or what big brother is getting this year either. Sticking to a budget at the holidays can feel painful, but it can be kept painless--this is the true reality! Canadians have simply become accustomed to splurge spending and it is time to pull in those purse strings and get control of finances--that is if those residing across British Columbia want to live without incurring more debt. Just remember, since the holiday season is one of the most common times to rack up debt, what better time to share how to have a financially responsible holiday season without feeling deprived? The good news is that many more Canadians are learning how important a budget is nowadays. Over 2/3 of Canadians are now prepared to manage a holiday budget so they can be financially responsible. Now, are you ready to begin thinking outside of the box? It's time to start discovering how to become financially savvy and begin a plan for the upcoming year, versus spending a fortune at the holidays. The following 5 tips can be lifesavers for those Canadians who have simply been spending way too much for too long. Just keep in mind that it isn't about how much you spend, it's about sharing that time together as a family that matters the most!
Your main goal this time of the year should be reeling in that spending and holding yourself accountable for unnecessary purchases. Keeping track of where your money goes is the only way you can get a good grasp over your finances. As always, planning and sticking to a budget is the very first strategy one should take to minimize money woes and control debt. The next one is learning how to be rational with credit card spending ! Control Your Credit Card Expenses And Manage Spending That piece of plastic is mighty convenient when you're out holiday shopping, but it isn't as pleasant when the first of the year bills start rolling around, is it? You need to train yourself to only charge what you know you'll be able to pay for when that bill rolls around. This will ensure you don't incur more credit card debt and you keep your finances in tip top shape! Search Online For Discounts And Printable Coupon Codes (good all year long) It's never too late to begin couponing! Not only can this save you money at the holidays, but it can guarantee you stay within your budget without any anxiety at all! Retail-Me-Not is perfect for Canadians all across British Columbia who do a lot of shopping online, or who have loyalty to specific retailers! This is also an excellent way to save all year long--and definitely achieve a way of getting some funds in your savings account!
Get Your Children And Young Adults ( to 29 years of age) Engaged In Financial Literacy Courses For Free Not only can these finance courses help you learn how to manage and keep up with your finances at the holidays, but this can teach the younger Canadian generation how to better meet financial obligations and learn how to control spending before critical issues can begin impacting their credit score later in life! Financial literacy is growing in importance across Canada, as all Canadians can learn better money management skills--especially at one of the more expensive times of the year! Youth who are wise to the importance of money, and understand how lavish spending can create stress and strife can actually help older Canadians make wiser spending decisions! Think About The Future And Not Just Today--Selfish Desires Can Burn You need to start planning for the future rather than living in the moment. Again, while holiday time is exciting and money costs are unavoidable, not everything has to lead you astray from budgeting. Begin to enjoy those things which are priceless (and free)! Having priorities is important, no matter how much money you might have. You'll discover, once you begin living on the correct financial path, you'll be balanced, happier, and enjoy the holidays far more! In fact, you'll enjoy all year long, once you finally learn what being financially responsible is all about!