Tips to Get Back on Track after the Holidays


Expensive gifts, elaborate décor, and holiday feasts can weigh heavily on your wallet. Don’t get discouraged! Try these tips to help you get back on track after the holidays!
  • Limit your spending. You may have splurged a bit during the holidays, but now it’s time to cut back! Say no to frivolous spending. Instead of eating out, eat what you already have in your home for a month. Resist the temptation of buying clothes or shoes. Try doing this for one or two months and watch your savings grow! 
  • Give yourself an allowance. Put away the credit cards and stick to a set amount of cash. This strategy will help you control your spending. Calculate your monthly expenses and subtract that from your monthly (take-home) income. The money you have left over is your spending allowance. Try to focus on the necessities like gas and food; put the rest in a savings account. 
  • Challenge yourself! Set a goal and try to stick to it. If you normally spend $100 on food a week, try to spend $70 instead. Save the additional $30 and in 52 weeks (one year), you will have saved $1,560. 
Small changes add up. Remember, $10 here or $20 there can add up quickly overtime.

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