Savvy Family Tip # 4 – Plan for Holiday Spending Now
Would you like to eliminate your post-Christmas credit card shock?
In the middle of gift wrapping have you ever realized that you’ve been really generous? The joys of the Christmas season often cause a January hangover when the credit card bills arrive.
My wife, Laura, and I discovered a way to reduce the January pain:
Starting in the summer we put $100 – $200 each month into the Magic Christmas Envelope. From that envelope the gifts and goodies are purchased. Because the funds aren’t unlimited, it’s easier to make better decisions.
Investing the time to find the perfect gift will make the giving joyful.