Tips for Getting Your Finances Holiday Ready

The holiday season is a time for joy, togetherness, and giving—but it can also bring a financial strain. Between gifts, travel, decorations and celebrations, costs can add up quickly. Setting a plan in motion can save you stress and help you make the most of the season.

Here are four ways to get your finances holiday-ready:

1. Start with a Holiday Budget

Before the festivities begin, make a list of all anticipated holiday expenses, like gifts, travel, meals and decorations. Be specific, and don’t forget smaller costs such as holiday cards or extra wrapping paper. Decide how much you can afford overall, then break it down by category. The trick? Stick to your budget. By planning in advance, you’ll have a clear guide to keep your spending on track, avoiding those unexpected, last-minute splurges.

2. Be Mindful with Credit Cards

Credit cards can come in handy for holiday expenses, but it’s essential to avoid maxing out your available credit. Start by reviewing any existing credit card balances, keeping your debt-to-credit ratio below 30% to maintain a healthy credit score. Set a spending limit for holiday purchases and stick with it. Aim to spend only what you can realistically pay off within a short timeframe to avoid a financial hangover in the new year.

3. Get Creative with Gifts

Homemade gifts have a personal touch that often means more to the recipient than something store-bought. Whether it’s a handcrafted item or a batch of your favorite holiday treats, these gifts can be both thoughtful and budget-friendly. If DIY isn’t your strength, you could offer your time with a homemade gift certificate. Babysitting for friends who could use a night out or helping someone tackle a home project are valuable and memorable gestures that won’t break the bank.

4. Plan Your Travel Early

If your holiday plans include travel, booking your flights, accommodations or rental cars sooner rather than later can help you lock in better rates. Travel prices generally rise as the holidays approach, so acting early can help you avoid the peak costs of last-minute bookings. Plus, you’ll have peace of mind knowing your travel arrangements are set.

Taking control of your holiday finances now can make the season less stressful and more joyful. With a bit of planning, you can fully enjoy the holiday cheer without the financial worry, entering the new year feeling more financially secure.