Christmas is an expensive time of year. No matter how much we try to save throughout the year, we still find ourselves spending beyond our budget. With Christmas ad campaigns on radio and tv encouraging us to spend, spend, spend, it’s no wonder we go into debt to satisfy gift giving expectations.
Financial success is not determined by the amount of money you make, but it’s what you do with what you make that will determine whether you achieve your financial goals. If you eat out too often or you have impulsive buying habits, it may take you longer to save towards your goals. If you tend to shop at more expensive grocery stores for convenience rather than driving a few more miles to the cheaper stores, where you can buy cheaper in bulk, then your food expense will eat at your weekly budget.
Now that Christmas is over, we can finally recover from the holiday shopping blitz. It seems that no matter how much I tell myself that I will not overspend, I never stick to the program. So, I find myself scrimping for the next three months following Christmas.