Keep More in Your Wallet During the Holidays

The holiday season is a time for joy and celebration, but it can also put a strain on your finances. Between gift-giving, festive parties, and travel expenses, it's easy to overspend.  

Try the following to keep more in your wallet during the holiday season: 

1. Create a Budget and Stick to It. 

Start by setting a clear holiday budget. Break it down into categories such as gifts, decorations, travel, and entertainment. Allocate a specific amount for each category and ensure you stick to these limits. Start your shopping early to avoid last-minute stress and higher prices. 

2. Take Advantage of Sales and Discounts. 

Watch for discounts, use coupons, and shop during sales events like “Black Friday” or “Cyber Monday.” 

3. Alternative Gift Ideas. 

Do-it-yourself (DIY) gifts can be more meaningful and often cost less than store-bought items. Gifts like baked goods or crafts are more personal. Discuss setting spending limits or drawing names to exchange gifts.  

4. Plan Your Travel Wisely. 

Book flights and accommodations early to secure the best rates. If possible, use loyalty points or travel rewards to offset some of the costs. 

5. Host Potlucks.  

Instead of hosting an extravagant holiday party, consider a potluck where guests bring dishes to share. You can also opt for activities like game nights or movie marathons. 

Keeping more in your wallet during the holidays is all about planning, budgeting, and making smart choices.  

Contact the Personal Financial Management Program for free financial education on a variety of topics, including budgeting.

It Matters Where You Shop while you aim to keep more in your wallet this holiday season, shopping tax free is one of many perks available to you at your local Marine Corps Exchange.