Prepare your finances for the holidays | in your debt

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TRUE: The end of the year holidays are expensive and they are coming soon.

With rising interest rates and inflation, this year may be the most expensive ever. With the gifts, decorations, and other seasonal purchases you’re looking forward to making, you may be surprised at how easily holiday spending can spiral out of control. Start planning your vacation now.

Make a vacation budget, well in advance of the vacation.

Decide how much money you can afford to spend in total. Write it down and, more importantly, follow the plan as the season progresses. It’s easy to get carried away with holiday cheer or caught off guard with last-minute purchases. Setting a budget in advance will help you determine how much money you can spend on each category of spending, including gifts, food, entertainment and other holiday cheer.

Be careful when spending on your credit cards.

Before you sit down to plan your vacation expenses, make a list of how much debt you already have on your credit cards. Set a hard limit on the amount of credit you’ll use during the season, and be adamant that you don’t spend more than you can afford. Next year’s vacations will come quickly, so have a plan to pay off any vacation debt as soon as possible.

Save now, spend later.

Find a way to easily set aside a few dollars from each paycheck, whether it’s monthly, bi-weekly or weekly, and make sure the cash goes directly to a separate location or savings account. Take your lunch to work once a week and put what you would have spent in an envelope marked “Vacation.” At $15 a week, you will have saved $750 to use for your vacation expenses over the course of a year.

Make your travel plans as early as possible.

If you’re one of the more than 115 million Americans who travel on vacation, you probably already know firsthand that booking flights, renting a car, and paying for gas or other travel expenses can add up quickly. Airlines, train stations, hotels, and others in the travel industry tend to charge higher rates during the holidays, and those prices only increase as the end of the year approaches.

Eliminate unnecessary Christmas stress

Vacations are stressful enough without the added pressure of having debt or incurring more debt. However, if you find yourself facing a mountain of debt that you will never be able to pay off, give us a call so we can help! Give yourself the Christmas gift of being debt free.

Bond & Botes helps people struggling with debt

Let us solve your financial problems. There’s no obligation, and that means there’s no downside to gathering the information you need to make good decisions about how to break the cycle of debt stress and move forward. We can answer all of your questions about Chapter 7 bankruptcy, Chapter 13 bankruptcy, stopping foreclosure or wage garnishment, avoiding liens, stopping lawsuits, paying off medical debt, personal loans, payday loans, credit card debt. credit etc. We can relieve your stress! We want to help you and we can help you!


Bond, Botes, Sykstus, Tanner and McNutt, P.C.

Web: www.bondnbotes.com

Facebook: facebook.com/Bond-Botes-Sykstus-Tanner-McNutt-PC-203986783117475/

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Phone: 256-760-1010 • Fax: 256-760-1023

Office Hours: Monday – Friday • 8am to 5pm

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