Retirement Plan is the Key to Confidence, Survey Finds
Author: Jerry Martin, Financial Advisor
My Marriage Misconception
Author: Tawny Browning
Journey from a Cool Kid to the Student Board
Author: Joycelynn Rusk
Social Security Claiming Strategies for Married Couples
Author: Curtis Hinshaw, Financial Advisor
EMV and Merchant Card Services
Author: Leslie Paull
Setting Up a Plan
Author: Bonni Kids
Financial Spring Cleaning with myOFM
Author: Jacob Pepper
Investment Themes for 2015
Author: Kimberly Spinks
Steps for First Time Homebuyers
Author: Lora Hollins
12 Financial Resolutions
Author: Amy Proctor
Making Managing Your Finances Fun!
Author: Chris Davis
Beware the '12 Online Scams of Christmas'
Author: Ken Hartley
Holiday Savings Tips
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager
Establishing a Personalized Budget
Author: James Sheridan, Senior Vice President, Lending Officer
I'm a Victim of a Checkcard Breach. Now What?
Author: Sheri Parish
Back to School
Author: Karen Partee
Debit Card Tips for Travel and Large Purchases
Author: Crystal Hardy, Vice President and Bank Card Manager
Is now the time to purchase the home of your dreams?
Author: Lora Hollins
The End of the Savings Challenge
Author: Tawny Browning
Financial Planning--Helping You See the Big Picture
Author: Carl Newman, Financial Advisor
November 18, 2013
Texas Bank and Trust has partnered with "nerd wallet" to provide you with useful tips that will help you navigate your financial world a little easier. "Nerd wallet" is a company that offers data-driven tools and impartial information to help you make solid decisions about the money you work hard to earn. They have been featured in The Wall Street Journal, The New York Times, CNN Money, REUTERS, and MSN Money. Click here to visit their website for more information on "nerd wallet."
Does the approaching holiday season fill you with joy – or dread? For many consumers, the pressure of financial worries often hampers holiday cheer. The costs of gifts, big meals and travel expenses add up quickly, making an already hectic time even more stressful. If this sounds familiar it’s time to learn a few ways you can alleviate the burden on your wallet and spend more time relaxing. Try these simple tips to save on some of the season’s most common expenses.
‘Tis the season for budgeting
Setting a concrete budget for your gift list is the first step toward managing your holiday costs. A simple handwritten list or Excel spreadsheet is all it takes to get a handle on your seasonal expenses and avoid overspending. Record each recipient’s name along with the amount you’re willing to spend, then add those amounts together. Make another column covering what you’ll need beyond gifts, such as decorations, food, travel and even pet boarding. If your total gift budget cuts into other essential areas of your holiday necessities, start scaling back your gift expenditures. Once these are set on paper you’ll find it much easier to reign in your spending.
Give the old-fashioned way
Who says you have to run out and drop your hard earned cash on the biggest, most expensive items for gifts? Create gift baskets filled with homemade baked goods or buy items in bulk for each basket, like bath products or kitchen amenities. Print up creative coupons offering your time as a gift, for tasks such as babysitting, dog walking, yard cleaning or cooking a meal. Your personalized effort will be worth more to your loved ones than any dollar amount you could spend.
Send an e-card
Save money and the environment by sending out emailed holiday cards this year instead of dozens of paper ones. If you’re computer savvy or know someone who is, put together a heartfelt or humorous digital message or poem, along with your favorite holiday photo. Send these out with the click of your mouse instead springing for costly postage on top of cards, envelopes and printing costs.
Eat, drink and be wary
Restaurants get busier than ever during the holidays, and it’s no wonder why. When you get burned out from hunting down Black Friday deals and whipping up elaborate meals, kicking back and letting someone else prepare dinner sounds extra appealing. Everyone deserves a break from the season’s unavoidable stresses, but try to keep restaurant trips to a minimum and take advantage of special deals like Happy Hour specials. Some restaurants allow you to bring your own beverage, which can mean the difference between enjoying a $10 bottle of wine and a $30 one – just be sure to see how much their ‘corkage fee’ is ahead of time.
Give yourself the gift of cheap travel
Travel can take the biggest chunk out of your wallet. Here are a few ways to save if your holiday destination is a plane ride away:
Don’t let the stress of holiday spending get the best of you. Getting creative, setting goals and keeping costs in perspective can help you and your family relax and enjoy the season.
All comments are subject to approval. Read more.