Seven Budgeting Tips for the Holidays

Budgets are tight for many year round, but especially during the holidays. It is important to budget carefully so you can get all the necessary holiday decorations, presents, and still have enough money to travel to family or friends. Here are 7 of tips to help you stay on budget this holiday season.

  1. Use Debit instead of Credit. If you use a debit card, you are forcing yourself to spend only what you have. Debit cards also let you avoid paying interest. Make sure you know how much money is in your account.
  2. Know what you can spend and stick to it. If you can only spend 10 dollars on your friend, then only spend 10 dollars. Don’t go over, no matter what and keep a list of what you spend.
  3. Make a detailed list of who you want to buy for, how much you want to spend, and which gifts you expect to buy. This helps to keep you focused and prevent you from purchasing something more extravagant.
  4. Browse before you buy. Do some research before you go to the stores. Go online and look for better deals. It also helps to narrow your purchases down to just a few stores to save on transportation costs.
  5. Free gift wrap. While many people turn down a free gift wrap, you shouldn’t. It not only saves you time, but money. It prevents you from having to buy wrapping paper, bows, and other wrapping necessities.
  6. Get creative. Sometimes the best gifts are homemade. Don’t be afraid to try your hand at getting crafty. Sites like Pinterest have many great crafting ideas. Just be sure you start early enough to get all the gifts completed in time.
  7. Travel wisely. If you travel for the holidays, take some time to determine just how much it will cost. If you plan your travel costs ahead of time, you can save money by not having to rely on credit cards.

Do you have any holiday budgeting tips? If so, please share them in the comment section below.

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Don’t Let the Senate Gut the ABLE Act

Last Wednesday, the ABLE Act passed the House with a vote of 404-17. The Senate is expected to take action this week, and it is likely the bill will pass; however, the National Center for Independent Living (NCIL) has concerns regarding the bill.

Recent changes to the bill have made it so that only individuals who acquire a disability before the age of 26 are eligible for an ABLE account. Individuals who acquired a disability at or after the age of 26 will be unable to have an ABLE account. The ABLE Act is important for all people with disabilities, regardless of when they acquired a disability.

Asset accumulation is important for everyone with a disability. Age is not a factor. Everyone should be able to improve their economic status and earn their way out of poverty.

 

Let the Senators of North Dakota know how important it is to make this bill open to all those with a disability. Make your voice heard by contacting your Senators.

Senator John Hoeven Contact Information:

E-mail him here:  http://www.hoeven.senate.gov/public/index.cfm/email-the-senator

Or

Call: 202-224-2551

 

Heidi Heitkamp Contact Information:

 

E-mail her here: http://www.heitkamp.senate.gov/public/index.cfm/email-heidi

Or

Call: 202-224-2043