The holidays are a time for fun, but it is also a time for keeping a very close eye on your budget. That doesn’t mean you can’t spend; it only means that you have to be clever about it.
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No Spend November is an actual thing. It doesn’t mean you spend no money; you simply spend money only on necessities.
Black Friday, with all its mind-blowing specials can seem like a shopper’s paradise. However, if you are not careful, it is your budget that will be blown away.
Simply put, financial stress is worrying about money. We’ve all been there and know how terrible it is. Now let’s look at how to deal with it and – more importantly – how to avoid it.
The starting point for your festive season budget is your mindset. Especially during holidays, a budget can feel like a thing that spoils the fun, but the opposite is actually true.
Conflict about money is the second biggest reason for divorce; only infidelity causes more trouble. Therefore, the budget for your wedding is not the most important money conversation to have before the big day.
Be clever about building real wealth. Much as we want people to just be people, the world treats women and men differently. Therefore, women need to approach building wealth differently too.
Children need to learn as much about money as possible, starting as early as possible. For girls, however, it is even more important.
Children learn from their parents – that is a simple fact of life. So when it comes to money, be extra aware of the messages your words and actions send.
Money conversations can be powerful vehicles for change by improving financial literacy and financial wellbeing – and by removing family conflict.
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