The malls are decorated in colours
to inspire the consumer to spend with subliminal music playing in the
background to get you in the mood. We are in full swing of holiday
shopping.
Advertisers are promoting the
popular toys and electronics getting people excited about having the latest and
greatest gadgets of the season. Parents are bent on not disappointing
their children by rushing out trying to get their hands the items.
By the time January rolls around
and the credit card statements come in, remorse starts to set in. All the
saving and budgeting done throughout the year blown.
Here are 7 tips to help you stay
on course and enjoy the holidays.
1. Outline the plans for the
holiday season. This may include parties you plan to attend and/or overnight
trips you may be taking.
2. Set out a budget.
You may have been saving a little each pay throughout the year and
already know what is available. For those who have not, see how much you
can take out of the savings without impacting the rest of your budget.
3. Make a list of people you
will be buying for with a dollar value and/or gift idea beside each name.
Include any hostess gifts you may need.
4. Shop the sales. If
you plan in advance you can take advantage great discounts on most things.
Online shopping could help limit over spending by keeping you out of the
mall.
5. Use credit card points to
buy some of your gifts where possible. People accumulate points and
sometimes forget that they can use the points for merchandise. This is a
great way to stretch your budget.
6. Charge everything so you
can keep track of your purchases and stick to your budget. You will also
accumulate more points towards next year's gifts. Don’t forget to pay your credit card before
interest kicks in.
7. Be
creative in your gifts by making some. It is amazing how much people
appreciate other people's talents. This could include baking, knitting, a
special photograph or making a CD if you sing. The list is endless.
The whole idea is to relax and
enjoy the holidays. This is not the time to get stressed or blow the
family budget and feel bad the rest of the year trying to dig yourself out of
the hole before you start over next year.
Happy Holidays.
Linda J. Levesque, CFP®, FMA, FCSI,
Director,
Private Client Group, Senior Investment Advisor, Insurance Advisor
Levesque Wealth Planning
HollisWealth, a division of Scotia Capital
Inc.
HollisWealth Insurance Agency Ltd.
One Corporate Plaza, 2075 Kennedy Road, 5th
Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030 Fax: 416-332-6772 linda@levesquewealthplanning.com
Linda
J. Levesque, CFP®, FMA, FCSI
Sr.
Investment Advisor
Director,
Private Client Group HollisWealth Insurance Advisor
HollisWealth
Insurance Agency Ltd.
Levesque
Wealth Planning
HollisWealth,
a division of Scotia Capital Inc.
‘Saving Today for a
Richer Tomorrow’™
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This
article was prepared solely by Linda J. Levesque who is a registered
representative of HollisWealth® (a division of Scotia Capital Inc.,
a member of the Canadian Investor Protection Fund and the Investment Industry
Regulatory Organization of Canada). The
views and opinions, including any recommendations, expressed in this article
are those of Linda J. Levesque only and not those of HollisWealth®. Levesque Wealth Planning is a personal trade
name of Linda J. Levesque.
® Registered trademark of The Bank of Nova
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HollisWealth
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