Previous | Six predictors of happiness in retirement Next | Don’t Get Duped: How to Avoid Charity Fraud
December 05, 2019 / Shelby White
‘Tis the season to plan ahead

‘Tis the season to plan ahead

‘Tis the expensive season — the holiday season, that is. Between travel, food and gifts, your account balance can drop faster than Santa down the chimney. But with proper planning, the most wonderful time of the year doesn’t have to break the bank. Here are some expenses to keep in mind and a few tips on balancing them like a pro.man holding stack of wrapped Christmas gifts

Travel

Leaving town over the holidays? Plan your travel ahead of time. Book that flight now to snag the best deal. And remember to shop around. Some airlines offer more attractive prices than others. Same goes for hotels. Also, don’t forget to factor in costs for rental cars, gas, tolls and ride-sharing services.

Food

Holiday feasts with loved ones can be priceless, although the meal itself can be the exact opposite. After all, turkeys aren’t cheap. Plus, ham, cranberries, desserts, vegetables, and all of a sudden you’re ho-ho-hosed. The total can even be more if you include extravagant dishes or serve alcohol. But there are deals out there. Prices vary from store to store, so shop around to find the best prices. Look for promotional offers and discounts, or better yet, ask your guests to bring a dish of their own.

Gifts

This is the big one. Plan how much you are going to spend on each person, and stick to it. Again, stick to it! Don’t fall into the trap of thinking you have to spend an arm and a leg for every person on your gift list. It’s the gesture that counts.

Bottom line

The fact of the matter is that you’re probably going to spend more money than usual during the holidays. So, cut spending in other areas of your life. Eat out less. Wait to buy that new purse. And skip the movie night. Saving a little here and a little there adds up. Your 2020 self will thank you.

Shelby White is the Corporate Communications Officer at F&M Trust.

Recent Articles
What is a balance transfer — and when does it make sense?
What is a balance transfer — and when does it make sense?

What is a balance transfer — and when does it make sense?

April 08, 2021 / Cynthia Marconi

IRS extends federal tax payment deadline to May 17
IRS extends federal tax payment deadline to May 17

IRS extends federal tax payment deadline to May 17

April 02, 2021 / Shelby White

How to spot investment coaching scams
How to spot investment coaching scams

How to spot investment coaching scams

March 17, 2021 / Ray Wills

Individual investor muscle
Individual investor muscle

Individual investor muscle

March 08, 2021 / The Merrill Anderson Company

Investor alert: Robinhood app hit with hefty fine from federal regulators
Investor alert: Robinhood app hit with hefty fine from federal regulators

Investor alert: Robinhood app hit with hefty fine from federal regulators

February 23, 2021 / Shelby White

Gift values during a pandemic
Gift values during a pandemic

Gift values during a pandemic

February 16, 2021 / The Merrill Anderson Company

How to avoid the car wrap scam
How to avoid the car wrap scam

How to avoid the car wrap scam

February 10, 2021 / Ray Wills

Annual Big Game Predictor
Annual Big Game Predictor

Annual Big Game Predictor

February 05, 2021 / Warren Hurt

The three best ways to use a credit card
The three best ways to use a credit card

The three best ways to use a credit card

February 03, 2021 / Cynthia Marconi

Join our e-newsletter

Sign up for our e-newsletter to get new content each month.

NOTICE: YOU ARE LEAVING F&M TRUST!

You are now leaving the F&M Trust website. Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security or accessibility standards as ours. F&M Trust neither endorses nor guarantees offerings of the third-party providers, nor is F&M Trust responsible for the security, content or availability of third-party sites, their partners or advertisers.