All Things Financial Planning Blog

Before any creatures were stirring, I dashed out of my house at about 7 a.m. last Saturday to Target to stock up on home essentials. I pranced into the cheerful store, took the reigns on a red cart and began to fly around the neatly arranged aisles with my list — which I had checked twice. All was calm, all was bright.

When what to my wondering eyes should appear but red and green, silver and blue decorations and gift boxes. Then, in a twinkling, I heard the familiar sounds of the season. I knew in a moment that It’s Beginning to Look A Lot Like Christmas.

How could this be? I had barely packed away the Halloween decorations.

Like it or not, the holiday season has begun. For some, it’s the most wonderful time of the year. It can also be the most financially stressful season.

Now is a good time to set your intentions so that financial stress doesn’t rob you of the joy and meaning of the holidays. Before you step into retail wonderland, plan ahead to keep your spirits and finances bright this holiday season.

• Redefine what it means to “give.” Focus on what matters most. As an immediate and extended family, talk about what brings the most joy and meaning. Chances are, it’s not store bought gifts. Most likely, it’s about spending time together. Agree to spend more time and less money, to play, laugh, sing, bake, decorate, worship, celebrate and even volunteer together. 
• Make a list and a dollar limit. Write down who’s been nice, and what to buy with a spending limit for each. Promise yourself not to do more than what you planned.
• Jingle all the way and pay with cash, not credit. Start putting aside cash now for holiday spending.
• Be creative. Oh what fun it is to use your unique talents to create gifts — including acts of service. The best gifts come from the heart, not the wallet. 

Speaking of giving, please share your ideas on how to bring bundles of joy, not toys on a budget this holiday season!

Karen Maloney Stifler, CFP®
President
True Wealth Advisors
Hudson, OH