Unlocking Holiday Happiness: Your Ultimate Saving Strategy And Personal Plan!
FINANCE LITERACY EDITION
Are you tired of the holiday season leaving you financially drained and stressed?
I am big on budgeting, especially for holidays and events we know that repeat each year. Yikes! I know that many have moments of regret after spending large sums of unplanned money, so what better way than to learn better financial planning to be more diligent with your money habits?
We all want to create magical moments and unforgettable memories during the holidays, but overspending can lead to post-holiday blues. I don't want that for you, so I want you to put your credit cards away and start a better and improved plan. That's why we've got the perfect solution for you – a winning holiday saving strategy that ensures you can enjoy the festivities without breaking the bank!
The "Holiday Dream Board": Create a holiday dream board. List all your dream holiday experiences, from the gifts you want to give to the places you'd like to visit. This helps you visualize your goals and prioritize your spending.
Get Everyone On The Same Page: I've been doing this tip for several years, and it's a game-changer. Start today and ask your loved ones what they want for Christmas. Create a set number you will spend on everyone and start to save in small increments. Let's even add Thanksgiving to the plan. What does everyone want to eat? You could cut down on making less food. It's true that after a few days, people can get tired of eating the same meal. Less is the new more. And you don't have to do it all by yourself. Assign family and friends meals to bring.
The Power of Budgeting: Budgeting is the cornerstone of any successful saving strategy. With our personalized budgeting tips and plans, you can allocate your income effectively, ensuring you have enough for all your holiday expenses without going into debt. If you make budgeting a habit now, you can bring it into the new year.
Automatic Savings: Let your money work for you! Set up automatic transfers to a dedicated holiday savings account. This effortless approach guarantees you save consistently and reach your goals in time. Especially with your Christmas list, now that you know what everyone wants, you can customize a specific purchase plan. I've talked about Ally Bank for years. They have one of the best savings plans I've seen.
Unique Money-Saving Challenges: Sometimes, you want to get creative if what you are doing today isn't working. Whether it's a "No-Spend Weekend" or a "Dollar-a-Day Challenge," these tricks will help you build your savings faster than you thought possible.
Start Early: The early bird gets the worm. The earlier you start saving, the more you'll have when the holiday season arrives. Planning and spreading your spending over several weeks and months makes a significant difference. I always start my clients in the early years to save for Christmas. The earlier you start, the more you can save at a lower allocation. For instance, saving $5,000 in 52 weeks is $58 weekly. The longer you wait, the more your per week goes up.
Plan, Review, and Adjust: Life can be unpredictable, and your financial situation may change. Periodically review your holiday savings plan and make adjustments as needed to stay on track. Readjusting is a life hack. Always be prepared to review and adjust. If you want to run your finances like a corporate structure, frequent reviews of your money plans and forecasts are necessary.
A Message From The Wealth Sharer
I pray that GOD speaks to you at this moment. Many times, I converse with others, and they know GOD is requiring them to do better with their money. It all boils down to how you handle your money. Our community is scared to talk about money, but I can guarantee you that not talking about it can keep you stuck. In 2018, I became free when I started to discuss my money challenges out loud. It was super uncomfortable, and I almost punked out a few times when it came to saying how much I was in debt in front of a crowd. But freedom came with being bold. You also learn a wealth of knowledge by sharing with others.
The most incredible thing is GOD doesn’t look back but tells you to move forward. So, with that said, Wealth Sharers, I pray you learn to let go of where you think you should be and focus on where GOD wants you to be. You have the power to change your family trajectory and build generational wealth.
Until next time.
Terry
P.S. Be sure to listen to the podcast. It's been more successful than I thought, and the viewership is appreciated. Don’t forget to share with a friend. Each one, teach one. Generosity starts with sharing. Thank you for listening and sharing with your loved ones. GOD bless.
Don’t miss this episode featuring Shatiera Porte'e talk about her journey of learning how to let go of the wheel. I can promise you a lot of people are suffering from not letting go. Listen to this podcast to hear how to trust in what GOD is telling you. Click on the link.:
Letting Go of the Wheel
Looking to gain more clarity on whether you are starting, already started, or feeling stuck in an existing business idea or career path? For guidance, book a clarity call.
Feel free to reach out to me and send an email to terry@thewealthsharer.com.
