Posts Tagged ‘overspending at holidays’
Monday, December 5th, 2011
The holiday season brings with it beloved traditions, joyous memories, and happy moments with friends and family. And plenty of good old-fashioned financial stress!
For so many couples, the holidays are a minefield of difficult money decisions. How do we stick to a budget and still give meaningful gifts? Do we really need to buy a gift for Great Aunt Martha? Where are we going to get the money to pay for all of this stuff? With so many money-based decisions coming in the midst of all the other stressors of the holiday season, it’s more important than ever that your money communication stays strong.
Start this holiday season with a Money Huddle to check in on expectations and create a spending plan that won’t leave you broke come January. Here’s what you need to cover:
- Money Personalities: The holidays bring out the strengths and challenges of every Money Personality. [more...]
- The Gift List: Work together to figure out who you need to buy for. If money is tight this year, consider [more...]
- Spending limits: Before you set foot in a store or do any online shopping, know what you can spend [more...]
- Timing: Last-minute shopping usually leads to overspending. If you haven’t already, start [more...]
- Check-ins: Plan on weekly Money Huddles to make sure you’re staying on track. [more...]
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: Christmas spending, financial communication, flyer, gift spending, holiday giving ideas, holiday spending, love and money, money communication, money huddle, money personalities, money relationship, overspending at holidays, risk taker, saver, security seeker, spender
Posted in The Money Couple Posts | Comments Off
Tuesday, September 27th, 2011
As you look to the months ahead, consider these statistics:
- National Retail Federation reports that consumers are expected to spend $4.75 billion dollars on Halloween this year.
- According to mymoneyblog.com the average family spends $302 during Thanksgiving weekend.
- According to wikianswers.com the average family spends $1000 during the Christmas holiday season.
Remember, just about every holiday discussion has a money component. So how do you approach this “battlefield” and fall forward together? Here are some Money Huddle conversation starters. Use them – or your own ideas – to get the discussion going. And be ready to compromise with your spouse as you work together to find new ways to approach this season of traditions:
Halloween
Thanksgiving
Christmas
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: Christmas spending, financial communication, financial relationship, flyer, gift spending, holiday giving ideas, love and money, money communication, money huddle, money personalities, overspending at holidays, risk taker, saver, security seeker, spender
Posted in The Money Couple Posts | Comments Off
Tuesday, January 4th, 2011
When we first got married, Scott had been working as a waiter. He lived off of his tips and knew other waiters depended on them, too. I, on the other hand, had never worked in the food industry and didn’t think much about tips beyond adding a standard 15% to my bill. The first time I watched Scott give our server an incredibly generous tip, I was stunned. That was “our” money he was handing out!
Scott is still a generous tipper but now we know we need to talk about money, not just assume the other person feels the same way about it we do. We have noticed that gift giving throughout the year can bring real tension to a relationship especially if one person is a Spender and the other a Saver. That’s why financial communication is so important in a relationship.
[Read the Complete Money Couple Minute HERE]
Tags: financial budget, financial communication, gift spending, gift-giving, money communication, money personalities, money secrets, overspending at holidays, saver, spender, tipping
Posted in The Money Couple Posts | Comments Off
Tuesday, November 23rd, 2010
The holiday season is meant to be a time of joy, peace, and celebration. But because money plays a role in a lot of the decisions and often times we don’t agree, all that joy and peace is often squelched. The average American spends more than $800 on Christmas each year – whether they can afford it or not. The Spender isn’t affected and the Saver is not so happy. Add in travel costs, extra groceries, and the price of holiday concerts and events and the season can go from merry to miserable in no time.
With a little communication, and a little planning, you can avoid letting shopping stress derail your relationship and your holiday.
Click to read the complete Money Couple Minute on Enjoying the Holidays without Financial Breakdown.
Tags: Christmas spending, financial communication, gift spending, holiday spending, overspending at holidays
Posted in The Money Couple Posts | Comments Off
Tuesday, November 3rd, 2009
For many couples, the holidays are a minefield of difficult money decisions. How do we stick to a budget and still give meaningful gifts? Do we really need to buy a gift for Great Aunt Martha? Where are we going to get the money to pay for all of this stuff?
With so many money-based decisions coming in the midst of all the other stressful events of the holiday season, it’s more important than ever that your financial communication stays strong.
Start this holiday season with a Money Huddle to check in on expectations and create a spending plan that won’t leave you broke come January. The Money Huddle will help you get on track and prioritize your spending. It will also keep you from out of control spending because you will be able to determine goals and limits ahead of time.
Discover the strategies to create your gift list, set spending limits, plan your time to shop, learn how weekly check-ins help, and how your Money Personalities will affect how you and your spouse handle your holiday spending in this weeks Money Couple Minute: How to Handle Holiday Spending.
Tags: Add new tag, Christmas spending, financial budget, financial communication, financial infidelity, gift spending, holiday spending, money communication, money huddle, overspending, overspending at holidays, the money couple
Posted in The Money Couple Posts | Comments Off
