The holiday season can be a tough time to stay on budget. Don’t let the seasonal spending hubbub drain your savings or keep you from meeting your financial goals. Lucky for us, Levo League has compiled 4 simple financial tips to make sticking to your budget easier this season.
- Adopt a new mantra - Decide what your spending limits are and hold yourself accountable. Simple mantras can go a long way. For example, this year you’ll only make Christmas gifts for friends (gives you an excuse to obsess over Pinterest again).
- Make saving a no-brainer - Take the hard work out of saving. Sign up for a 401K through your employer or set up your own Roth IRA. Most banks will even let you set up an automatic savings withdrawal from your account.
- Pick a plan and stick to it - When you develop a plan to pay off a credit card or build up a savings account, follow it. Don’t let special events like the holidays blind your financial strategy.
To make things even easier Levo has recommended a few personal finance apps to help guide your budgeting.
Talking about your goals with like-minded people can also help you stay the course. Local Levo Charlotte recently hosted a Managing Your Finances workshop.
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