Your guide to smart spending during the holidays

November 10th, 2016 madmin

The holiday season is just around the corner and we all know how challenging the time period can be on our budgets. After all – with gifts, entertaining, decorations and more, it’s not surprising that many people find it challenging to keep spending in check.

In this article you’ll find a collection of posts about to keep holiday spending – and debt – in check. These simple and actionable articles are designed to help you make smarter money decisions.

7 ways to avoid overspending this holiday season

While buying gifts on credit may seem like a good idea at the point of purchase, you may regret this when it comes time to pay your bills. We’ve put together some tips to help you keep your holiday debt under control.

Our first tip? Reduce your gift list!

If you’ve found yourself with a gift list that is too long, suggest your family draw names so that each family member only has to purchase one gift. You could also cut out the adults and focus on kids. This will dramatically cut down the amount of money you will have to spend. Read the rest of our tips.

5 credit holiday card no-no’s during the season

Ho-ho-ho!  It’s the holiday season when we all tend to spend more money. The truth is, buying gifts, decorations and food for holiday gatherings can be a wonderful, joyful experience. The important thing, though, is to make sure you spend your money wisely, and don’t create a huge financial hole you and your family have to spend months recovering from.

One of the biggest ways people create financial holes is by using credit cards in financially damaging ways. We’ve put together a list of five important things to keep in mind about credit cards when you’re out holiday shopping. Keep reading.

Are you a smart holiday shopper?

Black Friday and Cyber Monday are just around the corner and the hustle and bustle of the holiday shopping season will soon be upon us! Shoppers can make the most of their time – and money – by following a few simple guidelines to avoid problems with holiday purchases.

For example – if you’re shopping online, order from reputable companies. Confirm the company’s physical address and phone number in case there is a problem. If you are not familiar with the company, you can check its reputation with the Better Business Bureau or the state attorney general where the company is located. Read the rest of our guidelines.

5 tips for managing holiday debt

During the holidays many people end up with more debt than they would like. It’s always a good time to think about ways to manage debt and make resolutions to achieve financial stability. We’ve pulled together 5 tips to help you get started.

The first step: Assess your debt.

The first step is to determine exactly how much debt you’ve amassed over the holiday season. Make sure you take all debt into consideration when you are going through this exercise. Read the rest of our tips.

If you have any questions about how to manage your spending during the upcoming holiday season, please contact your local MidWestOne banker.

Download our eBook Your Guide to Holiday Spending.

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