Family Magazine

Financing Your Holidays

By Sandwichedboomers @SandwichBoomers

protection of capitalWith the winter holiday season gearing up and soon moving into full swing, are you concerned about the financial impact of celebrating this year? With the economy still at a slow crawl, you may find that the extra expenses of entertaining, traveling and gift giving are enough to jeopardize your carefully crafted budget. But rather than waiting until January when the bills start rolling in, how about taking a stand now and challenging yourself to stay within your financial plan.

If you are a Millennial yourself – or even the parent of a Millennial – you’ve likely been saddled with high debt already. Student loans and credit card balances combined with high under- or unemployment rates are hitting your generation particularly hard. According to a recent poll by the credit-reporting company Experian, Millennials are having a hard time paying off their loans and wary about taking on further debt. So rather than adding more liabilities – whatever your generation – here are four steps to take this holiday season:

 Make the holiday celebrations this year more basic. Talk to your friends, family and colleagues about your decision to simplify. They’re likely in the same boat as you and will welcome the change.

 Create gifts yourself rather than ‘shop ’till you drop.’ You’ll generate more meaningful presents and save some of your hard-earned cash in the process. Giving a part of you to those you care about creates good feelings all around.

Shift to more casual entertaining. Make it an element of the party to have each guest bring their favorite dish. You’ll cut down on your expenses as well as have some new flavors at your table.

Spend time not money. It’s the intangibles, like quality time together, that make the holidays special. A family gathering at home or a fun outing at the park with loved ones can be just as festive as an expensive social event.

As you focus more on your connections than on your perceptions you’ll find that you enjoy the holidays this year in a deeper, more profound way. Make an effort to see special friends you’ve been missing and enjoy their company – without the added stress of buying a present for them. The gift you give of yourself is the most meaningful anyone can receive. Happy Holidays!

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Big Food Giants Manipulate Public Health Policy in China

    Food Giants Manipulate Public Health Policy China

    Coca-Cola is at it again. As soda sales decline in the United States and Europe, beverage companies look to emerging economies like China for growth. And, it... Read more

    The 15 January 2019 by   Dietdoctor
  • Jewellery for a Precious You

    Jewellery Precious

    Jewellery is always close to a woman’s heart. It completes her look and boost confidence. Considering the changing trends in jewellery fashion, it becomes... Read more

    The 15 January 2019 by   Dr.jenifer Sayyed
  • Rajshri Productions’ Next Is A Film On Friendship | Hum Chaar | Trailer

    Abhishek Dixit’s debut feature film Hum Chaar is a Bollywood film made under the banner of Rajshri’s film. Hum Chaar is written and directed by Abhishek Dixit. Read more

    The 15 January 2019 by   Themoviean
  • Saint Paul the First Hermit

    Saint Paul First Hermit

    Today is the feast day of Saint Paul the hermit. This is a sweet and delicate Oatmeal Bread topped with rolled oats and naturally sweetened with agave. Saint... Read more

    The 15 January 2019 by   Veronica46
  • Irupathiyonnaam Noottaandu | Teaser | Pranav Mohanlal | Arun Gopy

    Arun Gopy’s Irupathiyonnaam Noottaandu is an upcoming Malayalam action-drama feature film starring Pranav Mohanlal and Zaya David in the lead roles. Read more

    The 15 January 2019 by   Themoviean
  • A Year Of Body Positivity

    Year Body Positivity

    Last January, as I sat there on New Years eve all set to make the same old resolutions I've made year after year for as long as I can remember, I realised how... Read more

    The 15 January 2019 by   Sparklesandstretchmarks
  • Garden Bloggers Bloom Day – Jan 2019

    Garden Bloggers Bloom 2019

    Euphorbia rigidaWhen I went out to take the photos for this blog post I was surprised at how much was in flower dotted around the garden. Read more

    The 15 January 2019 by   Patientgardener

Paperblog Hot Topics