I am a fan of the Holiday Season.
For those of you who are not familiar with it, the holiday season is when most of us spend our time with family, friends, and the occasional family member.
However, I am currently in a hurry and I have a lot of things on my mind right now.
I am running low on food and I am looking for a way to keep my money in my account, so I can save money for the holidays.
To do that, I decided to start a new blog.
I am not an expert on anything, so this post will be written for anyone who is curious about how to save money during the Holiday season.
First, let’s discuss the Holiday Savings Goals: 1.
Spend less than $1,000 per month 2.
Spend over $1.5k per month 3.
Save over $3k per year 4.
Save at least $6k per calendar year 5.
Make a purchase of over $50,000 (or more!)
Spend at least 25% of your total annual income 7.
Save a minimum of $200 per year 8.
Save less than 40% (I am talking about about the savings that will make your life better, not saving more) 9.
Save under $200 10.
Get a new credit card for less than the cost of one.
In addition to spending less money, there are many ways to save in 2019.
1) Budgeting for Holiday Spending In 2019, most of you will have to budget.
In the short term, it will be very difficult to be saving money at this point, but there are a number of savings that you can make if you don’t plan ahead.
For instance, there will be some things you can do to lower your total expenses.
I will discuss the best ways to lower costs in the next post.
2) Don’t spend too much money on your new credit cards There are some new credit products that you may not have heard of yet.
3) Start saving with a prepaid card There will be a lot to be done on your credit card spending in 2019, so you will want to keep your account as clean as possible.
4) Use your credit cards to pay off debt in 2019 This may seem like a no-brainer, but it is worth mentioning that if you have outstanding credit cards, then you are more likely to have an opportunity to pay down the debt.
5) Check your credit score If you have a good credit score, then it will help you in 2019 to stay ahead of the curve.
6) Keep your credit accounts in good shape When you do not use your credit to pay for your monthly bills, it can be very tempting to start using your credit account to pay the bills on time.
7) Try your best to reduce spending I have been doing a lot lately of spending on things that are not essential like clothing, electronics, and shoes.
If you are saving money and can save at least 10% of the amount of money you spend per month, then consider doing this.
8) Get your financial goals aligned When your budget is tight, it is easier to be more flexible with your spending.
If your budget was already tight, then there is a good chance that you are spending more than you have budgeted for.
9) Optimize for 2019 As the year progresses, you will see your spending and saving improve.
If it is an easy time to get something done, it may be easier to start saving money in 2019 rather than the previous year.
10) Save in 2019 for your baby, grandkids, or your next generation If your baby is going to be a member of your household for a few years, then your family and friends may not want to be around you for many years.
11) Have fun There is a lot going on in your life right now, so having fun and spending money is one of the best things you could do. 12) Pay it forward It is easy to forget how much your savings can mean to your family or friends in 2019 and the way you will feel when they see your savings.
13) Give your grandparents a Christmas present If the parents of your grandchild or grandkids have given you a gift of any kind, you are in luck.
14) Learn how to budget in 2019 It can be a little intimidating at this stage to be budgeting for the Holiday and how much money you can save each year.
There are many things you will need to know to do this right.
15) Do the math I recommend doing the math on your budget every year.
This way, you know what you can and can’t spend, and you