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Give yourself and your family the gift of financial freedom this year with these simple tips:
Walk through any craft or department store, and you would think we are just days away from the Holiday season. Mistletoe, ornaments, menorahs, and other holiday paraphernalia adorn end caps and aisles alerting shoppers of the impending celebrations. Toy stores are dangling their catalogs in front of the eager eyes of youngsters hoping they insistently request big ticket items from their parents. Malls send not-so-subtle subliminal messages with the soft tunes of Christmas songs passing through speakers and the wisps of garland already hanging from the escalators. Plus, the ever-so-popular Santa display is foretelling of long lines and pristinely dressed children hoping to whisper to Chris Kringle their deepest desires for which gift they want hiding under their twinkling tree on Christmas morning.
The nostalgia and comfort of the holiday season can also bring about a tremendous amount of stress. The expenses of gift-giving and party planning escalate quickly, and many American families are left to decide between adding to their mounting debt or cutting back on the festivities. Neither option is ideal, but making some sacrifices now can help them obtain many of their Holiday wishes.
Here are some tips to help you save during this Holiday Season:
Start saving now. Waiting until the last minute to purchase your gifts not only diminishes the selection but it also puts more of a strain on your wallet. Set aside small amounts of money now and keep it in a place you will not touch. For example, put $10 a week in an envelope so you can use it when you find the perfect gift. If you do this at the beginning of the year, you’ll have roughly $500 by the time you are ready to start making your purchases.
Buy on sale and out of season. Check out the sale racks and stock up on gifts during the offseason. Often you can find high-quality products at a fraction of their original price. It may be too late to buy Winter-themed gifts this year, but consider gifting someone the perfect beach bag filled with Summer-time must-haves. Kids love receiving a beach towel, bathing suits, sunglasses and a pool toy to enjoy when the weather gets warm again.
Shop for the best rate. Never settle for the first price. If time allows, shop around and make sure you get the best possible price on your gift. Save receipts and watch for sales after you have made a purchase. A lot of times stores will refund you the savings, or you can return the item and rebuy it at the less expensive price.
Readjust your expectations. Media paints a picture-perfect image of families gathered around tables overflowing with succulent dishes and trees which seem to explode with presents, but the truth is the holidays are what you make them. Do not buy into all the hype and set your family’s expectations early on, so they know how to anticipate the holidays. Homemade, thoughtful gifts are just as cherished as their store-bought counterparts and can save you tons. Why not have an entire holiday season of handmade gifts?
|Slide into the holidays feeling confident about your financial position by consulting a wealth management firm like Benedetti, Gucer & Associates.|
Christmas alone can create havoc on a personal budget if you are not diligent about saving for it. So how do you ensure you are ready when the need arises for really big ticket items like college tuition, a new car, or retirement? By consulting a financial advisor like those at the boutique wealth management firm of Benedetti, Gucer & Associates (BGA), you could put yourself and your family in a position to better weather life’s financial storms. Plus, by preparing a Financial Plan, you are much more likely to be adequately prepared for retirement. The professionals at BGA will sit down with you to align your short- and long-term goals with a strategic investment plan.
When they map out a client’s proposed portfolio, they do so after careful consideration of the individual’s timeline, risk tolerance, and overall objectives. Benedetti, Gucer & Associates are always putting their client’s interests at the forefront of their recommendations, and their reputation for doing so has helped them become trusted advisors in the Atlanta wealth management community.
Whether you are saving for something as big as retirement or something small enough to fit in a stocking, a well-thought-out plan can help you reach your ultimate goals. Contact Benedetti, Gucer & Associates to learn how they can help you provide yourself with the enduring gift of financial freedom when you enter retirement.
The views expressed represent the opinions of Benedetti, Gucer & Associates and are subject to change. These views are not intended as a forecast, a guarantee of future results, investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial or legal advice or service to any person.
Additional information, including management fees and expenses, is provided on Benedetti, Gucer & Associates’ Form ADV Part 2, which is available upon request.
The use of the term “RIA” does not imply a certain level of skill or training.