How to Save and Get Ready for the Holidays, Part 1
Source: Military Community & Family Policy
For many kids, the holidays can be a magical time. Sparkling lights, friends and family, gifts, and good food abound. But as adults, we know how much it takes to make all of that seems effortless, both in terms of time and money. Although the holidays come around at the same time each year, somehow they are always a surprise to the budget. While this year you may find yourself with only three months to play the holiday budget catch-up game, establishing and sticking to a monthly budget will support your long-term financial behavior and spending habits to make the holidays feel less stressful and magical again.
Making a Solid Budget
The first step in making a solid budget is to set aside a certain percentage of your monthly income for your monthly expenses. The budget below is only meant to provide a basic starting point. Try these numbers out for a month and adjust as you need to. Everyone’s budget will look different because everyone’s family has different needs. The important thing is to set reasonable goals for yourself and your family; unrealistic goals lead to stressors in your everyday life and the holiday blues during a season you would rather spend feeling joyful.
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