The Ultimate Financial Checklist for the Holidays...

 Save, Spend, and Celebrate:

From budgeting and gift lists to meal planning and travel tips, here’s how to keep your finances in check during the busiest season of the year.

 

The holidays are coming up fast, and while this season is full of joy, family time, and festive fun, it can also come with a bit of stress—especially when it comes to money. That’s why I’ve put together this detailed financial checklist to help you stay on track, enjoy the holidays, and start the new year without a budget hangover.

Let’s dive in!

Set a Holiday Budget

 

The key to a financially stress-free holiday is having a clear budget in place before you start spending. Start by reviewing your overall finances to determine how much you can comfortably allocate to holiday expenses without dipping into savings or going into debt. Your holiday budget should include:

• Gifts: Factor in everyone from close family to teachers and friends.

• Holiday meals and entertaining: Don’t forget about ingredients and extras like table settings.

• Travel: If you’re visiting family or taking a vacation, include transportation, lodging, and meals.

• Decorations: Plan for a few new ornaments or lights but aim to reuse most of what you already have.

• Unexpected costs: There’s always something that sneaks up—an extra gift, last-minute plans, or event tickets.

Set up a separate bank account for holiday spending. Deposit your budgeted amount in there so it’s easy to track how much you’ve spent and how much you have left.

Prioritize Your Gifting List

 

It’s tempting to want to buy for everyone, but that’s not always realistic, especially if you’re on a tight budget. Start by listing everyone you typically buy for, then break the list into two groups:

• Must-buy-for: Immediate family, close friends, and teachers fall into this group. These are people you won’t want to skip on gifting.

• Nice-to-buy-for: Extended family, neighbors, and co-workers may fall into this category. Consider DIY gifts, such as homemade treats or personalized crafts, to keep costs low but thoughtful.

Be honest with yourself about what you can afford. It’s better to give small, meaningful gifts that fit within your budget than to overspend and regret it later. If cutting back is tough, talk with family and friends about setting gift limits or doing a Secret Santa exchange, where each person only buys for one other person.

Plan Your Meals & Groceries Early

 

Holiday meals are often a highlight of the season, but they can also be expensive—especially if you’re hosting. Take time to plan your holiday menus now, whether it’s a big family dinner, holiday brunch, or an intimate gathering with friends. Once you know what meals you’ll be preparing, you can start shopping for the essentials.

• Buy non-perishables early: Things like canned goods, baking supplies, and frozen items can be purchased ahead of time to avoid the last-minute rush.

• Look for sales: Many stores run sales leading up to the holidays, so keep an eye out for discounts on ingredients like butter, meats, and other essentials.

• Split the cost: Don’t hesitate to ask guests to bring a dish or dessert. Potlucks not only lighten the financial load but also make the event more fun by incorporating everyone’s favorite recipes.

Use Last Year’s Decor Before Buying New

 

Holiday decorations can really add up, especially if you’re tempted to refresh your décor each year. Before buying anything new, take inventory of what you already own. A little creativity can go a long way in making old decorations feel new.

• Repurpose what you have: Use last year’s ornaments in new ways—fill clear vases with ornaments or turn old ribbons into garlands.

• DIY it: Get crafty with the kids and make new decorations from inexpensive items. Pinecones, branches, and recycled materials can all be transformed with a little holiday magic.

• Only buy what you need: If you do want to purchase something new, stick to a few key items. Focus on pieces that will last and that you’ll enjoy for years to come, like a high-quality wreath or timeless ornaments.

Take Advantage of Sales & Cashback Offers

 

The holiday shopping season is full of opportunities to save—if you plan ahead! Black Friday, Cyber Monday, and other seasonal sales are the perfect time to buy gifts and even stock up on essentials like holiday decorations and groceries.

• Sign up for store emails: You’ll often receive exclusive coupons and discounts.

• Use cashback apps: Programs like Rakuten or browser extensions like Honey can give you a percentage back on your purchases, or help you automatically apply coupons at checkout.

• Price compare: Use tools like Google Shopping or PriceGrabber to compare prices across multiple retailers and ensure you’re getting the best deal.

Check Credit Card Rewards

 

If you’ve been building up credit card points, miles, or cashback rewards throughout the year, now is the perfect time to use them. Whether you redeem points for travel, gift cards, or even cash back to use toward gifts, this can be a huge help in easing holiday expenses.

• Look for gift card deals: Some credit card companies offer better redemption rates for gift cards during the holidays, giving you more bang for your buck.

• Use points for travel: If you’re flying or driving long distances, check your card’s rewards program to see if you can cover travel expenses with points or miles.

• Cashback bonuses: If your card offers cashback, consider redeeming it to help cover part of your holiday budget.

Plan for Travel Costs

 

Holiday travel can be one of the biggest expenses, especially if you’re traveling as a family. The earlier you plan, the more likely you are to snag better deals on flights, hotels, and car rentals.

• Book early: Prices rise as we get closer to the holidays, so lock in your travel plans now. Sign up for price alerts to get notified of any fare drops.

• Consider off-peak travel: Flying or driving during the middle of the week or on less popular days can often save you a lot of money.

• Pack snacks and meals: Save on expensive airport food or road trip stops by packing your own snacks and meals ahead of time.

Start a Holiday Savings Fund

 

While it’s a little late to start a major savings fund for this year’s holiday expenses, it’s never too early to plan for next year. A holiday savings fund allows you to gradually set aside money throughout the year, so by the time the next holiday season rolls around, you’ll already have a cushion in place.

• Open a separate account: Many banks allow you to create additional savings accounts, which makes it easy to keep your holiday funds separate from your other savings.

• Set up automatic transfers: Schedule a small amount to transfer into your holiday fund each week or month. Even $10 a week adds up to over $500 by the end of the year!

Plan for Emergencies

 

Even with the best-laid plans, there’s always something that pops up during the holidays—an unexpected gift exchange, a last-minute dinner invitation, or that one forgotten gift. Set aside a small buffer in your budget for these surprise expenses so they don’t catch you off guard.

If you don’t have life insurance yet, this is a great time to look into it. Instant life insurance allows you to apply online, get approved, and have your policy in place without having to go through a lengthy medical exam or waiting period. It’s affordable, convenient, and ensures your family is protected in case the unexpected happens. Many companies now offer customizable policies to fit your budget and needs.

Review your coverage regularly, especially during big life changes like having a baby, buying a house, or starting a new job. It’s always a good idea to make sure you have enough coverage to protect your loved ones.

With a little bit of planning and a solid financial game plan, you can enjoy the holidays without the stress of wondering how you’ll pay for it all. The key is to stay organized, be realistic with your spending, and remember what the season is really about—spending time with the people you love. Wishing you a wonderful, festive, and budget-friendly holiday season!

This article is in collaboration with Responsival!

Tips for Saving Big During the Festive Season...

Holiday Magic on a Budget:

Stick to your budget and stay stress-free this holiday season with tips for gifts, meals, décor, and more!

 

The holidays are a time of joy, celebration, and let’s be real spending. From gifts to décor to festive meals, it’s easy for the expenses to spiral out of control. But with a little planning and creativity, you can stick to your budget while still making the season special. Here’s a more in-depth guide to help you enjoy a magical holiday season without breaking the bank.

Make a List, Check It Twice

 

One of the easiest ways to overspend is to shop without a clear plan. Before you buy a single gift, take the time to write down everyone you need to shop for. This includes family, friends, teachers, neighbors, and anyone else you plan to treat this holiday season. Next to each name, set a realistic budget for what you can afford to spend. Keep in mind that it’s not about how much you spend, but the thought behind the gift.

Use a spreadsheet, app, or good old-fashioned notebook to track your spending as you shop. Apps like Santa’s Bag allow you to log gifts, budgets, and even note where you’ve hidden those sneaky stocking stuffers. By having a clear overview of your spending, you’ll avoid impulse purchases that can derail your budget.

DIY Your Decor

 

Holiday décor sets the mood, but buying new decorations every year can get expensive fast. Rather than shelling out for overpriced ornaments and wreaths, consider getting creative with DIY decorations. A quick search on Pinterest will reveal countless ideas for homemade crafts that can look just as beautiful as store-bought pieces.

For instance, salt dough ornaments are a great project to do with kids. You can make shapes like stars, trees, or even handprints, and decorate them with paint, glitter, or ribbon. Homemade garlands made of popcorn, cranberries, or paper chains are simple, festive, and budget-friendly.

You can also repurpose items from around your house—use mason jars filled with fairy lights as table centerpieces or make snow globes out of empty glass jars. These DIY touches add a personal, warm feeling to your holiday décor while keeping costs low.

Plan Meals and Potlucks

 

Holiday meals are often one of the biggest expenses, especially if you’re hosting a large gathering. But with a bit of planning, you can create a delicious feast without breaking the bank. Start by mapping out your meals ahead of time and making a detailed grocery list. This helps you avoid those costly last-minute grocery store runs for items you don’t really need. Plan your meals around seasonal, on-sale and in-season produce and ingredients. Root vegetables, cranberries, and winter squash are festive, affordable, and versatile!

If you’re hosting, consider making your event a potluck where everyone brings a dish. Not only does this spread the cost and effort, but it also adds variety to the table. You can focus on preparing the main course (like a turkey or ham), while others contribute sides, desserts, or beverages.

Gift Experiences, Not Stuff

 

One of the best ways to cut down on holiday spending is to rethink your approach to gift-giving. Instead of buying things that might end up in the back of the closet, consider gifting experiences that create lasting memories. Experiences can range from small, budget-friendly options like a homemade “coupon” for a movie night at home to more splurge-worthy gifts like tickets to a special event or a family day at the zoo.

Not only are experiences often more meaningful, but they can also save you money in the long run. For example, a family membership to a local museum or park provides a year’s worth of activities without adding to the clutter of toys or gadgets.

Use Cashback and Coupons

 

In today’s digital age, saving money on holiday shopping has never been easier. Before you hit “checkout” online or swipe your card in-store, always search for coupon codes or use cashback apps. Apps like Rakuten, Ibotta, and Honey make it easy to earn money back on purchases you were going to make anyway. A little effort upfront can result in big savings over time.

Sign up for your favorite stores’ newsletters or download their apps to receive special discounts and promotions. Don’t be shy about stacking coupons with holiday sales to maximize your savings!

Shop Early and Online

 

Last-minute shopping is a recipe for overspending. When you’re in a rush, it’s easy to grab whatever is available, even if it costs more than you planned. Shopping early gives you time to find the best deals, compare prices, and avoid panic-buying. Plus, when you shop online, you can easily track your spending and avoid the temptation of in-store displays and sales that encourage you to overspend.

Another benefit of online shopping is that many retailers offer free shipping during the holiday season, which can save you both time and money. And don't forget to check online marketplaces like eBay, Facebook Marketplace, or Etsy for unique, affordable gifts.

Limit Travel Plans

Holiday travel can be one of the biggest budget-busters. If visiting family requires plane tickets or long road trips, the costs can quickly add up. If possible, limit your travel to one main trip or consider staying closer to home. Virtual gatherings, while not the same as in-person, have become more common and can still provide connection without the high price tag.

If you must travel, look for ways to save on transportation, such as booking flights early or traveling during off-peak days. You can also use points or rewards programs to cover some of your travel expenses.

Don’t Forget to Plan For Emergencies

It’s easy to get caught up in the joy and excitement, but it’s important to prepare for unexpected expenses. From last-minute gift exchanges at work to a sudden need for extra groceries because family decided to stay an extra few days, these unplanned costs can add up quickly. To avoid the stress, set aside a small buffer within your holiday budget. Even $50 to $100 can help cover those last-minute expenses without derailing your entire budget.

But planning for the unexpected isn’t just about the holidays—it’s about life in general. One crucial way to prepare is by having a safety net for your family. Consider setting up instant life insurance as part of your overall financial planning. Many companies now offer life insurance policies that are quick to apply for and don’t require a medical exam, making it easier than ever to protect your loved ones in case of an emergency. This peace of mind can help ensure that you’re not only prepared for the small holiday surprises but also for life’s bigger uncertainties.

Set Up a Savings Fund For Next Year

 

If the holidays always seem to catch you off guard financially, it’s time to start a holiday savings fund. Even putting aside a small amount each month—say, $25—can add up over the course of a year. By the time the holidays roll around, you’ll have a dedicated fund to cover gifts, meals, and other seasonal expenses without dipping into your regular budget.

Consider opening a separate savings account specifically for holiday spending, so you’re not tempted to use the money for other things throughout the year.

The holidays are a time for family, fun, and celebration—but they don’t have to be stressful, financially or otherwise. Planning ahead, sticking to a budget, and setting up safeguards for unexpected expenses can help you enjoy the season with peace of mind. The key is to be thoughtful with your spending and to focus on the moments that really matter. So this holiday season, embrace the joy, stay on budget, and don’t forget to prepare for the unexpected—because both big and small surprises are all part of the magic.

This article is in collaboration with Responsival!

A Mom’s Guide to Securing Your Family’s Future...

Simple Resolutions to Boost Your Budget, Build Your Savings, And Protect What Matters Most.

As a busy mom, managing the family’s finances can sometimes feel overwhelming. But the New Year offers a fresh start—a chance to revisit goals, tweak your budget, and ensure your family’s future is secure. Setting financial resolutions doesn’t have to be daunting, and the rewards will bring peace of mind for you and your loved ones. Here’s a list of smart financial goals you can set this New Year to ensure your family’s financial health is on the right track.

Create (Or Assess) Your Family’s Budget

 

A budget is more than just a list of expenses—it’s a powerful tool to help you stay in control of your finances. If you haven’t created a budget yet, start by tracking all income sources and expenses for a month or two. This will give you a clear picture of where your money is going. For those who already have a budget, the New Year is the perfect time to reassess it. Life changes like a new baby, school expenses, or increased utility costs can impact your spending. Go line by line through your budget and evaluate if there’s anywhere you can trim back, such as cutting unused subscriptions, eating out less often, or being more mindful of grocery shopping. Tools like budgeting apps can help you categorize expenses and stay on track.

Once you have a solid budget in place, set realistic financial goals. Are you aiming to save for a family vacation, build up an emergency fund, or pay down debt? Knowing your priorities will help keep you focused throughout the year.

Set Financial Goals As a Family

 

Teaching your children about money is one of the best ways to set them up for future success. Involve them in discussions about financial goals. For example, if you’re saving for a family vacation, encourage your kids to contribute by setting aside a small portion of their allowance or earnings from chores. This teaches them the value of saving for something they truly want, rather than relying on instant gratification.

You can also introduce your kids to the concept of budgeting. Help them create a mini-budget for their own money, allocating some for spending, some for saving, and even a portion for donating to a charity of their choice. Not only will this build their money management skills, but it also fosters a sense of responsibility and involvement in family decision-making.

Start (Or Grow) Your Emergency Fund

 

Life is full of surprises, and having an emergency fund means you’re prepared for whatever comes your way. An emergency fund is crucial for covering unexpected expenses like medical bills, car repairs, or even job loss. 

Financial experts recommend saving at least three to six months’ worth of living expenses, but for many families, that can feel overwhelming. Start small. Even saving $500 to $1,000 will make a difference in a pinch.

If you already have an emergency fund, assess whether it’s enough for your family. Do you have enough to cover a few months of rent or mortgage payments, utilities, groceries, and other necessities? Consider automating a small portion of your paycheck to go directly into your emergency savings account. Treat it like a bill you pay yourself first. Over time, this money will grow, giving you peace of mind when the unexpected happens.

Tackle Your Debt Strategically

 

Debt can feel like a weight on your shoulders, but with a clear strategy, you can lighten the load. Start by listing out all your debts—credit cards, student loans, auto loans, and mortgages—with their interest rates and minimum monthly payments. One popular method for paying off debt is the snowball method, where you focus on paying off your smallest debts first to gain momentum. Another approach is the avalanche method, where you prioritize paying off high-interest debt to minimize overall interest paid.

If you have high-interest credit card debt, look into options like balance transfers or consolidating your debt to get a lower interest rate. The key is to stay consistent. Set a realistic plan that works for your family’s budget, and celebrate the small wins along the way. Reducing debt frees up money that you can put toward savings, investments, or family goals.

Invest In Your Family’s Future

 

When it comes to long-term financial health, investing is one of the best ways to build wealth over time. Start by contributing to your retirement accounts, even if it’s just a small amount each month. Many employers offer a match on 401(k) contributions—this is essentially free money, so take full advantage if you can. If you don’t have access to an employer-sponsored plan, look into an IRA (Individual Retirement Account), which offers tax advantages.

Beyond retirement, consider opening a 529 plan or another type of college savings account if you’re thinking ahead to your children’s education. Even if your kids are young, contributing small amounts over time can significantly reduce the financial burden of college tuition down the line.

If you’re new to investing, don’t worry—you don’t have to be a financial expert to get started. Look for low-cost index funds or target-date funds, which automatically adjust your investments based on your age and target retirement date.

Consider (Or Reevaluate) a Life Insurance Policy

As a mom, one of your biggest priorities is protecting your family. Life insurance is one of the simplest ways to ensure they’re financially supported if something were to happen to you. If you don’t already have life insurance, now is the time to explore your options. A term life insurance policy is typically the most affordable option for young families. It provides coverage for a set number of years (such as 20 or 30 years), which can protect your family during the critical period when they’re most financially dependent on you.

Instant life insurance policies are typically offered online, allowing you to apply without the need for a medical exam or lengthy paperwork. The application process usually involves answering a few basic health questions, and once approved, you can secure a policy almost immediately. This is ideal for busy moms who may not have time for multiple appointments or phone calls.

Though coverage amounts may be lower than traditional policies, instant life insurance is a great option if you’re looking for quick, affordable protection. It’s especially helpful for families who need immediate peace of mind, whether it’s to cover a mortgage, support dependents, or pay off debts in the event of an unexpected loss. Plus, many policies allow you to adjust coverage later as your family’s needs grow.

If you already have a policy, take a moment to review it. Have there been any major changes in your life since you took out the policy, such as buying a home, having more children, or earning a higher income? It’s important that your policy covers all potential future expenses, including paying off the mortgage, covering education costs, and maintaining your family’s standard of living.

Plan Ahead For Big Purchases or Vacations

 

Dreaming of a big family trip or a major purchase in the coming year? Planning ahead can make these dreams a reality without the stress of going into debt. Start by setting up a dedicated savings fund for the goal, and break it down into smaller, manageable amounts. For example, if you’re planning a $3,000 family vacation, aim to save $250 each month. 

Additionally, research the costs ahead of time—flights, accommodations, food, and entertainment—so you know exactly how much to save. Involve the family in discussions about ways to cut back on unnecessary expenses in the short term to help fund your bigger goal.

Automate Your Bills and Savings

 

Life gets busy, and sometimes the last thing on your mind is paying bills or transferring money into savings. Automating these tasks can relieve the mental load and ensure you stay on track with your finances. Set up automatic transfers to your savings account each time you get paid, even if it’s just a small amount. Over time, this will help you build your emergency fund, contribute to retirement, or save for that family vacation.

You can also automate bill payments to avoid late fees and keep your credit score in good standing. Most banks and service providers offer easy ways to set up recurring payments. With automation in place, you’ll have one less thing to worry about as you juggle the demands of family life.

Financial resolutions may feel overwhelming, but they don’t have to be. The key is to start small and be consistent. From creating a solid budget to reevaluating life insurance options, each of these resolutions will bring you closer to achieving your financial goals. Remember, it’s not just about dollars and cents—it’s about giving your family the security and future they deserve. Here’s to a new year filled with smart choices and financial growth!

This article is in collaboration with Responsival!