Budgeting for the Holiday Season

The average Canadian spends more than $1,600 on Holiday activities: gifts, entertaining etc.

Planning now can help prevent the financial hangover.  After setting a budget, consider what you need to cover and if you’d like to reign in the expenses.   If so, the upcoming Thanksgiving weekend is a prime time to talk to family about reducing expenses.

Because it’s an “irregular” expense we don’t build it in to our monthly budgets.  There are still a couple of months to start building a holiday fund.

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