dearJulius.com

$type=carousel$count=12$sn=0$cols=4$va=0$source=random$show=home

Money Saving Tips as The Holiday Season Approaches

Money Saving Tips as The Holiday Season Approaches
Ⓒ maitree rimthong/Pexels

By Megan Cerullo, CBS News

With sky-high inflation still weighing on Americans' pocketbooks as the holiday season approaches, a personal finance expert advises consumers to create a budget to avoid going into the hole. 

Read more: 9 Ways to Save and What’s Worth a Splurge

A good rule of thumb is to allocate 50% of your paycheck toward everyday needs and 30% toward discretionary items, while socking away 20% of your earnings, according to Kimberly Palmer of NerdWallet.

Even with retailers kicking off holiday sales earlier in the season, Palmer warned against taking on excessive credit card debt. "It's so tempting right now to overspend," she said. 

But Palmer does encourage shoppers to spread their consumption out over the next few months rather than pack most or all of their holiday spending in December.

"It can actually help you as a consumer to spread out your spending. It makes it easier on your monthly budget," she said. "The huge risk is that you end up overspending. So be organized, stick with your list — once you buy a gift for someone, you're done. You don't need to buy another one."

Another piece of advice that applies regardless of the season, but that's particularly important to keep in mind when prices are surging and the Fed is hiking interest rates, is to pay off your credit card balance each month. That way, you avoid having to pay any interest on unpaid balances.

Read more: 5 Strategies to Save Money on Trips that Don't Require Cutting Corners

"People think by keeping a balance on their credit card it boosts their credit score — it does the opposite," Palmer said. "So you want to try to pay off you balance in full each month."

See more at CBS News

|Featured Content_$type=three$c=3$l=0$m=0$s=hide$rm=0


A Part of Julius LLC
Made with in NYC by Julius Choudhury
Name

Abu Dhabi,3,Adventure,28,Adventure Travel,727,Advice,72,Africa,30,Air Travel,193,Alabama,5,Alaska,29,Albania,2,Alberta,2,America,81,Amsterdam,3,Anguilla,4,Antarctica,9,Antigua,5,Antigua and Barbuda,1,Argentina,18,Arizona,29,Arkansas,4,Armenia,1,Aruba,4,Asia,2,Asia Travel,46,Athens,3,Austin,9,Australia,108,Austria,18,Azerbaijan,1,Bahamas,19,Bangladesh,8,Barbados,3,Beach Travel,76,Belarus,2,Belgium,16,Belize,17,Bermuda,7,Bhutan,10,Blue Lagoon,2,Boatswana,2,Bolivia,6,Bosnia and Herzegovina,2,Boston,3,Botswana,3,Brazil,57,Brunei,1,Budget Travel,104,Bulgaria,2,California,139,Cambodia,6,Canada,96,Caribbean,57,Caribbean & Mexico,6,Chicago,14,Chile,12,China,28,Christmas Travel,21,Clothes,1,Coliseum,1,Colombia,20,Colorado,53,Columbia,3,Connecticut,6,Corporate Travel,1,Costa Rica,20,Country Travel,253,Croatia,29,Cruiser Travel,18,Cuba,18,Cultural Travel,65,Cyprus,3,Czech Republic,7,D.C.,2,Delaware,2,Denmark,20,Destinations,29,Dominican Republic,4,Dubai,17,East Africa,4,Easter Island,1,Eco Travel,22,Ecuador,11,Egypt,13,Emirates,1,England,20,Estonia,2,Eswatini,1,Ethiopia,2,Europe,120,Fall Travel,51,Family Travel,139,Faroe Island,2,Featured,72,Features,418,Festival Travel,26,Fiji,10,Finland,17,Florida,92,Food,7,France,62,Free Travel,1,French,6,French Polynesia,11,Galapagos,4,Georgia,20,Germany,27,Ghana,3,Great Britain,1,Greece,55,Greenland,2,Grenada,2,Guatemala,3,Halloween Travel,11,Hawaii,74,Hayden Panettiere,1,Hiking Travel,69,Historical Travel,86,Holiday Travel,42,Holland,1,Honeymoon Travel,140,Hong Kong,16,Hotels,77,Hungary,4,Ibiza,1,Iceland,54,Idaho,8,Ideas,11,Illinois,20,India,42,Indiana,5,Indonesia,15,Iran,1,Iraq,1,Ireland,49,Island,64,islands,2,Israel,14,Italy,85,Jamaica,14,Japan,65,Jordan,7,Kansas,8,Kentucky,2,Kenya,3,Korea,2,Kosovo,1,KSA,2,Kyrgyzstan,1,Las Vegas,5,Latin America,4,Latvia,1,Lithuania,3,London,28,Louisiana,15,Lowa,4,Luxembourg,2,Luxury Travel,35,Madeira,1,Maine,12,Malawi,1,Malaysia,1,Maldives,23,Malta,8,Maryland,9,Massachusetts,18,Mauritius,6,Mexico,100,Miami,18,Michigan,10,Mississippi,2,Missouri,8,Moldova,1,Monaco,3,Mongolia,1,Montana,18,Montenegro,3,Morocco,22,Myanmar,10,Namibia,5,National Parks,1,Nature,4,Nature Travel,129,Nepal,7,Netherlands,20,Nevada,30,Nevis,2,New England,5,New Hampshire,3,New Jersey,4,New Mexico,12,New Year,1,New Year's Day Travel,9,New York,77,New York City,32,New Zealand,59,Newfoundland,1,Nicaragua,2,North America,14,North Carolina,13,North Dakota,1,North Ireland,1,North Macedonia,2,Northern Ireland,1,Norway,24,Occasional Travel,8,Oceania,3,Ohio,6,Oklahoma,1,Oman,6,Oregon,15,Orlando,1,Pakistan,4,Panama,10,Paraguay,1,Paris,27,Pennsylvania,14,Peru,27,Philippines,5,Phoenix,2,Photo Feature,1,Poland,5,Portugal,31,Prague,1,Puerto Rico,16,Qatar,6,Quebec,1,Resort,13,Rhode Island,5,River Travel,2,Road Trips,66,Romania,6,Romantic Getaways,16,Rome,7,Russia,17,Saint Lucia,4,San Francisco,2,San Miguel de Allende,1,Scotland,18,Seasonal,55,Seasonal Travel,63,Serbia,2,Seychelles,1,Sightseeing Tours,2,Singapore,22,Ski Resorts,11,Slovenia,9,Solo Travel,29,Solomon Islands,1,Somoa,1,Soth Africa,1,South Africa,22,South America,7,South Carolina,13,South Dakota,8,South Florida,2,South Korea,7,South Pacific,3,Space Travel,15,Spain,52,Special,21,Special Features,304,Spring Travel,24,Sri Lanka,9,Student Travel,1,Summer Travel,79,Summer Vacation,10,Sweden,22,Swiss Alps,1,Switzerland,31,Sydney,2,Tahiti,5,Taiwan,7,Tanzania,5,Tasmania,1,Tennessee,11,Texas,63,Thailand,43,Thanksgiving Travel,8,Things to Do,167,Tibet,2,Tips,116,Train Travel,28,Transportation,20,Travel,187,Travel Advice,66,Travel Apps,1,Travel Guide,39,Travel Stories,28,Travel Technology,1,Travel Tips,288,Trip Ideas,1,Tunisia,3,Turkey,20,Turkish,1,Turks and Caicos,1,Tuscany,1,UAE,12,Uganda,1,UK,49,Ukrine,1,Urban Travel,56,Uruguary,3,US Virgin Islands,3,USA,683,Utah,21,Uzbekistan,2,Vacation Travel,320,Valentine's Day Travel,1,Vehicle Travel,1,Venezuela,1,Vermont,6,Victoria Falls,1,Vietnam,10,Village Travel,1,Virginia,12,Virtual Travel,6,Wales,5,Washington,18,Washington DC,22,Weddings Travel,5,West Indies,2,Wildlife Travel,13,Winter Travel,71,Wisconsin,9,Worldwide,161,Wyoming,13,xxx,1,Yemen,1,Zadar,2,Zambia,5,Zimbabwe,6,
ltr
item
Travel Magazine: Money Saving Tips as The Holiday Season Approaches
Money Saving Tips as The Holiday Season Approaches
Create a budget and spread out your spending if you want to avoid going into debt this Holiday season.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgh_7c0cJXYhzv9xeP5wGmjuQXzb8LetUuea54_TLuamwKaIojfYstSOtfEzFHFFBE_l-6NUqhCSpCMPpL43XftVnmozbC3CDILB1Z8ftanU5sxfUzI6imQt81Ejzhzr7cwe4xJ3hnz1qhnuIC1cZ5O4AJoNSpKPe-p12nQ6xucN2XDNFBP0mvllk6KWg/s16000/saving-money.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgh_7c0cJXYhzv9xeP5wGmjuQXzb8LetUuea54_TLuamwKaIojfYstSOtfEzFHFFBE_l-6NUqhCSpCMPpL43XftVnmozbC3CDILB1Z8ftanU5sxfUzI6imQt81Ejzhzr7cwe4xJ3hnz1qhnuIC1cZ5O4AJoNSpKPe-p12nQ6xucN2XDNFBP0mvllk6KWg/s72-c/saving-money.jpg
Travel Magazine
https://travel.dearjulius.com/2022/10/money-saving-tips-holiday-season.html
https://travel.dearjulius.com/
https://travel.dearjulius.com/
https://travel.dearjulius.com/2022/10/money-saving-tips-holiday-season.html
true
5866858605520326948
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content