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Christmas Shopping Financial Stress | Xl Financial Blog

Budgeting for the Holidays

Posted on 10. Oct, 2013 by in Financial Planning

When holiday lights begin to line the streets and the air is filled with the scent of cinnamon and pine, many a mood is brightened by warm memories and wistful recollections. However, for many, the holiday season is dampened by the burden of financial stress. Worry over the monetary strains that this time of year can bring is a common anxiety. The giving spirit is not always the most well-funded of good intentions. That being said, it can be surprisingly easy for one to make the most of their resources and gain a clear understanding of Christmas shopping finances through careful and honest budgeting.

Make a ListBe Sure to Check it Twice

Old St. Nick isn’t the only one who should be making lists during the holiday season. You too can benefit from creating a tally of sorts—though it will an account of a somewhat different nature. Listing out your sources of income is a great way to begin to make sense of your Christmas shopping finances. Once you have totaled your potential monetary intake, create a separate list which displays your current monthly expenses. When you compare the two sums you will be able to determine the amount of money you have to work with. From this point you can budget your net amount and decide which holiday plans are feasible and which are not. When you plan for Christmas financially, you can enjoy that special time of year, without the  fiscal stress with which many are all too familiar.

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