Monthly Archives: December 2016

Simple Steps For Surviving The Holiday Season

This is one of the most expensive times of the year and for so many it really hits the wallet hard. For those who don’t have as much as others–the anxiety and stress can be overwhelming. Just remember, the holidays aren’t always about gift giving. Money shouldn’t be an issue. The following tips can make a dramatic difference for Canadians this holiday season. If anything, many can find more comfort and peace rather than feel the burden of trying to gift give. So let’s take a look at some of these now and really start enjoying the season as we should!

Holiday Tips for Alleviating Financial Stress

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  1.  Don’t purchase new clothes every holiday season, it is just a waste. Instead, go to a second hand shop where you can find gently worn name brand clothing at more affordable prices. Also, make sure you can carry what you purchase over into the year. You don’t want something you can only wear once.
  2. Pick and choose the holiday events you plan to attend. It is just unrealistic to think you can go to every party and corporate get together. That costs quite a bit. List what events matter most to you and choose only a select few from that list. In this respect you’ll walk away with a little money left in your pocket.
  3. Make a list of who you have to purchase gifts for. After that, start thinking about a budget, but think about an original gift idea too. You don’t have to spend a fortune to make someone happy. Think about what they enjoy the most then go from there.
  4. Stick to a budget and don’t waver. Don’t suddenly decide to buy an item not on your list just because you have the extra bills on hand to do so. Stay focused and always think practical too.
  5. Make sure that your friends and family’s expectations of you are also realistic. Be honest and tell your loved ones what you can afford and what you’d like to do within a budget. Even if they think you’re a Grinch, stick to your plans. Those who love you will appreciate your honesty and will be thankful for whatever you are willing (or can) give.
  6. Shop for deals and don’t be afraid to ask for bargains from vendors! This time of the year is one of the best for deep discounts. If you can get a lower rate on an item don’t be afraid to go for it!
  7. All in all make sure you relax and enjoy the holidays with those that matter the most to you!

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After the holidays are over you’ll be able to look back with good memories and more relaxation too! You can avoid that holiday madness and still have a beautiful Christmas season with friends and family close.

7 New Ways to Pay off Your Debt Faster

Yes, you can pay off your debt faster and smarter! It might feel stifling initially, but with patience and determination you can find a way to stay above water again. Now, the very first thing a smart financial advisor will tell you is you have to create a savvy budget, and you absolutely have to stick to it. If you can’t do that you’re not going to make any kind of decent progress. We know, for those individuals who have never managed a budget well, this can definitely be a challenge. However, there are many free financial planning services which can help. Let’s go ahead and look at some other interesting ways you can pay off your debt faster and start building a strong financial foundation for yourself.

Time to Pay off Debt and Move Forward With Life

Once you can remove substantial debt from your life you’ll remove that heavy weight on your shoulders. There is no better feeling than freeing up your money. If you follow the below tips and stay determined, you’ll shed financial debt faster than you could have thought possible. The goal is to not go in debt again!

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Tip 1: Stop your credit card spending NOW. It’s okay to use one credit card, but you have to be able to pay it off in full the end of every month in order for it to really be beneficial. Lowering your credit card debt makes a huge impact in your financial picture.

Tip 2: When you get those work bonuses apply them to your debt before you do anything else at all. This is the smart thing to do, even if it makes you cringe inside. Think of how beneficial it is going to be when you minimize all that heavy debt on your back!

Tip 3: Keep a running tally of your daily expenses. If you find you’re visiting Starbucks to often, well cut it out! Knowing where your money is going can help you see why it is taking you longer to reduce your debt burden.

Tip 4: Focus on paying off the most expensive debt first because these are the ones that dent your credit the most. Speak to a financial adviser to know what to pay and what not to pay. Sometimes, some debt is better left alone.

Tip 5: Always pay more than the minimum balance on your bills. When you only pay the minimum you cause more fees to rack up against you–leading to a longer time to pay off debt. Think smart and pay attention.

Tip 6: Have patience and stay focused. Keep on track, and stay organized. The more organization the more likely you’ll stay on the right path.

Tip 7: Don’t store payment information online. Don’t have credit card information at your favorite retail outlets as this makes it more likely you’ll spend unwisely. The more time you have to put into a purchase the less likely you are of going through with it.

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All of these tips are useful, but it takes you, the individual to really stay on track and knock debt out of the ball park! Don’t give up and imagine how much better your life will be after.