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4 Ways to Stay on Track with Your Financial Goals During the Holidays

4 Ways to Stay on Track with Your Financial Goals During the HolidaysIf you aren’t careful it can be easy to lose track with your financial goals during the holiday season. But thankfully, there are measures that we can take to keeps the Grinch’s hands off of our cash.

Santa Clause is coming to town. But although no one says it, everyone knows who Santa really is… it’s you. Santa Clause is your money.

So let’s do what we can to make sure that underneath that big red suit and bag, Santa is in the black.

According to a Gallup research the average American plans on spending $812 this year on Christmas gifts. If you value gift giving and you can spend this amount of money responsibly, then there is nothing wrong with shelling out a little cash.

But if this amount of money, or any amount, is not within your means to responsibly spend on gifts, then it may be best to steer clear.

The last thing that you want to do is go into debt for gifts that your children may throw aside (and play in empty boxes instead), or to be paying interest in March for gifts you bought to impress your friends and family in December.

One of the best gifts that you can give yourself this Christmas season is to use good judgment to keep your finances in check. Keep Santa in the black, through Black Friday and beyond.

4 Ways To Stay on Track with Your Financial Goals During the Holidays

1. Keep goals in front of you
It’s hard to lose track of your goals when you are constantly being reminded of them. Review your goals every day to stay focused on what’s important to you.

2. Set a budget and stick to it
Set a detailed budget for your holiday spending that is reasonable for your family. Don’t get sucked into Christmas sale advertisements, let go of your emotions and stick to your plan. You may have to trim names off of your gift list, and that is nothing to feel guilty or ashamed about. Come January, you will thank the Lord and yourself that you had the discipline to take control of your spending.

3. Get creative
Sometimes you have to get a little creative when trying to maintain progress towards a goal. You can use your God-given creativity to hand make special gifts that your family will love and appreciate even more than a store-bought gift. Or even better, you can take advantage of the shopping season and leverage your skills to sell something that people will buy. You’d be surprised at how much you can sell your famous pound cakes for!

4. Have gratitude
Don’t let go of what the season is really all about. Remember why you gather the family together for Thanksgiving, and give God thanks for what He has done. During the Christmas season, take the time to reflect on the birth of Jesus and what it really means to and your family.

When we take the time to focus on what really matters, we will be less likely to get hung up in spending frenzies and we’ll be more likely to have the heart to give to those who are really in need.

This Christmas, it is important that you do what it takes to stay out of the red, and in the black. When you do, you can bring in the New Year with confidence, clarity, peace, and financial dignity.

So get those Temptations and Jackson 5 Christmas albums ready to play, because this Christmas is gonna be very a special one!

Image courtesy of FreeDigitalPhotos.net

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