Budgeting for Holiday Expenses
Smart Solutions • November 2014
Whether it's for food, festivities or fun, holiday spending can add up fast. So we've outlined some ways you can save money while still making your celebrations festive.
Today's Cash Is a Card
Start by taking a realistic look at your budget and choosing a strategy for sticking to it. For many people, a great way to avoid a large credit card payment in January is to purchase all of your holiday items with cash — or today's equivalent, a prepaid card like Commerce Bank's mySpending Card®. You can purchase one online, load it with your holiday funds and use it for your purchases as you would a credit or debit card. (Load and spending limits apply. Click on the link above for more details.) When you've spent the amount you put on the card, you know your holiday shopping is done — and your budget stays on track.
Festive Doesn't Have to Mean Expensive
Once you have your budget in hand, it's time to prune back spending where you can. If it's your turn to host your friends and family this year, try these ideas to make it special without breaking the bank:
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