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But the costs dont have to strain yourbudgetor good cheer.
If youre retired, the following financial tips can make the difference between a stress-filled andstress-free holiday season.
Theres nothing wrong with resetting peoples expectations now that youre retired, including your own.
Plus, it probably wont be the only occasion when youll need to protect your fixed-income budget.
Write down everyone you usually buy gifts for and prioritize the list.
Then, determine how much you’re able to spend on each person.
Maybe your grandkids get the top spots, and your adult kids dont make the list this year.
According toGoogle Flights, booking in late October would get you the cheapest flights in late December.
And for next years Thanksgiving, book flights in early October.
A lot of stores need part-time help throughout the holiday season.
Take a seasonal spring or summer job and put your earnings away for next year.
Facebook is a good source for finding them.
Invite your local friends and family members to join you.
Volunteering as a group is another enjoyable and rewarding activity you should consider.
Check your local government or sites likeVolunteerMatchfor opportunities.
Start Saving Now for the 2025 Holidays
You probably remember Christmas Club accounts.
They were an excellent way to build a holiday fund, and some financial institutions still offer them.
However, you dont need one to save for next years holiday budget.
Keep a tally of this years holiday spending and plan to save that much over the next year.
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