We’re told it’s the most wonderful time of the year. Parties, time off from work and school, and spending time with loved ones. However, don’t let the rush of holiday’s take away from your financial preparedness efforts!
Whether you are a spender or a saver, financial preparedness includes having an emergency plan. Create and update your emergency plan, and maybe even consider using the Emergency Financial First Aid Kit.
If you are going to shop, shop smart. Before making a holiday gift purchase, look for coupons or discount codes and check online to compare prices. With the savings, consider starting an emergency savings account. Small savings of $5 or $10 can add up over time!
If you find yourself at home during the holidays, consider taking a day to get organized. Preserve originals of important documents in a waterproof, fireproof container. Remember to also take photos and make copies! If you find belongings you no longer need or want, consider regifting or donating!
Once the holidays are over, it’s the perfect time to set goals for the new year. Think of ways that you can budget throughout the year for special occasions and gift giving. Also, consider making a resolution related to a financial goal, such as saving an amount each month, or researching ways to build a budget!
This article first appeared in the monthly Individual and Community Preparedness Newsletter. Subscribe here.