Skills Academy: Navigate the Holidays on a Limited Budget

Giving giving tips to keep your budget balanced during the holidays

It may be the beginning of November, but as retailers have shown, it’s never too early to get excited about the holidays. While we all get excited about the holiday season, the same probably can’t be said for the money we know we’re going to have to spend on gifts.

As part of our Raccoon Valley Bank Skills Academy series of posts, today we’re focusing on how to make it through the holidays without ruining the budget you’ve so carefully put in place. Be sure to try out these tips as your making your way through the stores and malls this holiday season.

#1 – It’s the thought that counts

Do you really need to buy some trendy gift that, while amazing, may not be as practical? Figure out a deep passion of the person or people you’re shopping for and find something that can further that passion. For example, if your brother loves painting miniature cars, new brushes or other supplies would be a great gift that shows them you took the time to understand what they love.

#2 – Find the deals

This may require some shopping around, but you may find something unexpected that fits your budget AND the wants or needs of the person you’re shopping for.

#3 – Time is money

Shopping takes time, and there’s no worse feeling than having spent a couple of hours out shopping only to come up with nothing. If you know what you’re looking for and have done the research, you’ll be able to make your shopping trip worth it.

#4 – Making the VIP list

It would be nice to get something for everyone that you know. However, it’s nearly impossible to be a total people pleaser. Set your list, and stick to it. If you feel the need to do something for others, some baked cookies or a card will suffice.

The holidays aren’t out to get you, but if you’re not careful they will wreak havoc on your finances. Just be sure to think about the passions of people on your list, find the deals, do your research to prevent time wasting and make a strict list.

To see how Raccoon Valley Bank can help you with your financial needs at the end of this year and into next year come by your nearest office today.



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