We’ve entered the busiest and most expensive time of the year, which puts strain on your budget. To get through the holidays with as little new debt as possible, there are smart ways to save on gifts, travel, and entertainment. It’s estimated the average consumer spends $1,638 on those areas during the season.
Financial pros offer these helpful tips to avoid getting further swamped with debt:
- Create a special savings account to cover holiday expenses
- Take advantage of holiday savings accounts at banks
- Tap into reward credit card cash back or points programs
- Consider homemade gifts or gift exchanges to save on presents
- Plan ahead for special holiday meals
- Open a credit card with 0 percent introductory APR
Take time to use your imagination and look at alternative ways to save. You’ll wind up receiving significant dividends during the holidays. If you can’t use all these tips this year, commit to put them into effect for 2025. The important thing to remember is you shouldn’t let the holidays distract you from your usual budget management or divert critical funds from more important obligations.
Council of Seniors Hopes Holidays Will be Festive
You can rest easier with more money in your pocket. That’s why Council of Seniors is so dedicated to getting Congress to pass The SAVE Benefits Act. You need this legislation because the annual Social Security cost-of-living adjustment (COLA) has short-changed seniors in recent years. If we succeed, the $581 missing from their benefits will be returned.
Please sign our petition right away to get on board with helping. Your support can make a real difference in returning this money to seniors.
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