December 31, 2013 /24-7PressRelease/
-- It is the shopping season. This means stores are hoping for financial increases in this year's winter spending. This is true especially after only a 1.1 percent documented increase in sales last year, the National Retail Federation notes.
However, sales may be limited this year, too, as consumers are struggling financially and do not want to generate more debt
as they move into the New Year. In fact, a recent StrategyOne survey suggests approximately 80 percent of people intend to drop less money this holiday season.
If you feel pressured to spend a lot on your loved ones, the following tips can help prevent you from plummeting financially. This will help lead you to a fresh financial start in 2014.
A budget is important. It is like going to the grocery store. You are more likely to limit spending if you have a list. The more you plan around your purchases, the less cash you will drop. It also helps to evaluate your budget list as you move through the season. Do not forget to keep track of your expenses.
Moreover, it helps to make a family plan. You should discuss your financial plans with your partner and relay any monetary concerns to loved ones. For example, it may help to tell your children that you have a monetary limit. Explain to them that by saving money, you will have the ability to do more in the upcoming year.
It is also helpful to avoid activities that are centered on spending. For example, if your friend asks you to go shopping, suggest a walk instead. The more time you spend around retail stores, the more likely you will empty your wallet. Also, try to avoid visiting online websites that are pushing holiday shopping. Though many online stores are cushioned with deals, the activity encourages you to buy more This could result in further debt
For example, some shoppers fail to realize that you can lose money while you "save." There are so many coupons, discounts and other deals, which often include more spending. In the end, budgeting is about spending, not saving.
These are just a few tips, which can help you get by throughout the holidays. Remember, the season is about caring: it is the thought that matters. Therefore, do not get too capricious with spending.
As we move out of 2013 and into the next year, you have the opportunity to keep your finances in line. If you need further assistance, speak with a qualified bankruptcy attorney in your area. A lawyer can help you get on track and move forward.
Article provided by Chicago Debt Solutions
Visit us at www.chicagodebtsolutions.com