6 expert tips to help you create a holiday budget you can live with (via ShopwithSelect)
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"Put a practical budget in place and keep it simple so you can easily stay on top of your finances and increase your odds of success," recommends Brian Walsh, senior manager and CFP at SoFi. "This holiday season, many are looking forward to reuniting with loved ones, but travel costs can get pricey when you add in rental car fees , strained flight availability and unpredictable weather," says Jason McDonell, executive vice president, merchandising, marketing and eCommerce at Advance Auto Parts. and, of course, making sure your vehicle is in good shape, are the keys to any successful road trip that can help you save time and money, McDonell says.
"To determine my budget for the holiday, I personally like to take an inventory of what happened the year before and allow that to help me build the budget for this year," shares Tania C. Foster, founder and financial advisor atin Columbia, SC. Beyond debt considerations, think back and decide if all that spending was worth it. Ask yourself if your children enjoyed all of their gifts last year or were there any "one and done" gifts, says Forster.
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