Holiday
Not what you're looking for?
Ways to Save for the Holiday Season
Along with good cheer, the holidays bring so many expenses--Christmas parties, travel, decorations and extra grocery costs. And all that is on top of holiday gifts! No wonder many Americans sink further into debt during the holidays--something that many work-at-home moms can't afford to do.
But by paying upfront, you avoid that post-holiday hangover. Even if the holidays are already close, these four strategies can help you save for the holidays and avoid holiday debt. Obviously the farther off the holidays, the more you'll save. But every little bit helps, and it's never too late to cultivate good financial habits. Have part of your paycheck direct deposited into a separate savings account that is solely for the purpose of saving for the holidays. Or, if you don't get regular paychecks, set up an automatic transfer to the savings account. If you are a born spender, note the extra precautions to keep yourself from breaking in to your piggy bank prematurely.
Spenders: Don't get an ATM card with your savings account. A trip to the bank will slow any impulse withdraws. Or, consider joining a Christmas Club. Many banks still offer these old-fashioned accounts in which an automatic deposit accumulates over the year and the bank cuts you a check in November.
What other methods are there?
Purchase this Solution
Solution Summary
The expert examines financial planning for the holidays. This response addresses the queries posed in 421 Words, APA References
Solution Preview
The response address the queries posted in 528 words with references.
//As per the directions, we will write about the summary of the ways to save for the holiday season. We will write about the financial planning for the holidays. It will assist in understanding the 'Importance of financial planning for the holidays' and the strategies for performing the cost saving methods.//
Summary
The word 'Holiday' is derived from the terms 'holy' and 'day'. It constitutes special vacations on occasions or religious days such as Christmas. This term has developed to signify the special days of rest or enjoying days with family members, relatives, friends, etc. Holiday season bring not only the sunshine and relief from the work tensions, but also add or increase the level of expenses beyond our limit, which directly or indirectly increase ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
Recent Feedback
- "Thank You so much! "
- "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
- "great job. I will need another help from you. "
- "first class!"
- "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Operations Management
This quiz tests a student's knowledge about Operations Management
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.