How to Stay On Budget This Holiday Season | Cleveland Bradley County Teachers Federal Credit Union

By the time Halloween arrives, the holiday season is in full swing—and it comes on strong! While the holidays are known as a time for giving, that doesn’t mean they should put you in a tight spot.

That’s why our team at Cleveland Bradley County Teachers Federal Credit Union wants to share some tips on how to spend wisely this year.

Know Your Limits

Before you begin to shop for your loved ones, make a holiday budget for how much you plan on spending. Once you know the amount, stick to it.

Don’t let anyone else—or yourself—persuade you to go over your budget. You decided on that amount for a reason. Don’t second-guess it and make extra purchases.

Make a List

Are you wanting to make sure you give a gift to everyone this holiday season? Write down the name of every person you plan to buy for this Christmas.

Then, determine a specific dollar amount you plan to spend on each person, based on your overall holiday gift budget.

Or, better yet, try to buy gifts in bulk at a discount so that you are able to then give each person on your list a small gift to show your love and appreciation for them.

Use Cash

Since you already know the amount of money you cannot go over for your shopping budget this holiday season, run by our bank and take the money out of the ATM before your shopping trip. Then, when the cash is gone, you know you have reached your max budget.

Using cash can help keep you more accountable for not breaking your budget this holiday season, and it allows you to be honest with yourself and your finances while out shopping.

Do you want to be better financially prepared next Christmas? Contact Cleveland Bradley County Teachers Federal Credit Union today to learn about our accounts that can help you tuck away those savings.