How To Spend Wisely During the Holidays

The holidays can be an exciting and emotional
time. But sometimes emotion can drive unhealthy
retail behaviors like binge shopping, overspending, and panic buys. Here are a few ideas to help you stay on track with your gift buying. First, prepare a budget ahead of time as a financial guideline. Know who you want to buy for and what
you want to buy – or at least how much you want to spend. This will reduce the likelihood that you’ll
impulse buy or stray away from your budget. Second, be creative when it comes to the “hard-to-buy for” people on your list! Think outside of the box by planning holiday outings such as lunch, a movie or even dinner. Next, track your spending in LGFCU’s online money management resource, Compass. This will let you see how your gift-giving
affects your budget, year to year. Plus, you can start saving early with
an LGFCU Holiday Cash Club Account! Putting away a little cash each week will
help you avoid a big financial hit in December. To get more details on opening an LGFCU Holiday Cash Club Account, just log on to Member Connect. LGFCU is an equal housing opportunity lender and federally insured by NCUA.

Stephen Childs

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