The holiday season brings a mix of joy and anxiety as everyone tries to figure out how to keep their loved ones happy and treat themselves while avoiding the proverbial “financial hole”.

Create a holiday budget

 

According to at least one senior banking executive, the key to happy ‘stress- free’ holiday gift-giving is to prepare a budget and stick to it. A budget will give a realistic overview of what is possible and reduce the dread of overspending. This budget should include, but not limited to spends on groceries, gifts, personal items, entertainment, travel, etc. All of this should also be done within the context of your regular financial commitments such as loans and utility bills.

https://www.jamaicaobserver.com/sunday-finance/sticking-to-the-christmas-budget_237416?profile=1056