With Halloween behind us we’re about to dive headfirst into the busy holiday season-between travel, decorating, parties and presents it’s easy to lose track of our finances. Here are 5 easy ways to save money during the holidays and keep your budget in check!
The single biggest way to gain control over your holiday spending is to plan ahead. Decide beforehand where and how you will spend not only keeps you from overspending but it gives you permission to spend as well! Use this Suntrust Budget Worksheet to define your spending categories and decide how much you will spend on each. Be specific and update your budget as the holidays go on to make sure you stay on track. If you overspend in one area be sure to adjust your budget by reducing spending in another area to make up for it.
Give Your Time
There are so many ways to gift others without spending a lot of money. One of my favorite things to do is to give the gift of time-arrange a day out with your parents or grandparents, have a one on one bicycle ride with your children, arrange a romantic picnic with your spouse-give the gift of presence rather than presents.
There’s no need to spend a fortune to decorate your home for the holidays-a simple DIY ornament wreath or garland made from foliage from your yard can go a long way to creating a festive atmosphere!
I used to cringe when I thought of homemade gifts but with the introduction of Pinterest there are so many inspiring DIY gifts that you can give these days that your friends and family will truly enjoy. Grandparents would love homemade fingerprint ornaments from the kids, your best foodie friend might enjoy homemade limoncello or vanilla extract-the possibilities are endless!
So many times we think that being generous means spending our money but in reality being generous is so much more. As I mentioned above, being generous with your time can have a remarkable impact in this day of over-committed schedules and faster than light technology. Another way to be generous without spending money is looking for ways to serve others-volunteering at a soup kitchen, donating unneeded items or offering your skills and talents to organizations that serve those less fortunate.
As I’ve mentioned in past blog posts, Suntrust launched the onUp movement this past February to inspire Americans to take positive financial steps to reduce stress and focus on the real moments that matter in life. Check out their Holiday Planning tools and articles here for even more ideas to help keep your budget under control in the coming holiday months!
At SunTrust Bank their purpose is lighting the way to financial well-being. When you feel confident about your money, you can save for your goals and spend knowingly on what matters most to you.
The onUp movement was created to guide millions of people one step at a time towards a more financially confident life without ever losing sight of the moments that matter along the way.
Join the growing number of people transforming their stress into positive motivation to move onUp.
This is a sponsored conversation written by me on behalf of SunTrust. The opinions and text are all mine.