{"id":2858,"date":"2020-10-19T14:10:37","date_gmt":"2020-10-19T21:10:37","guid":{"rendered":"https:\/\/www.dncu.com\/?p=2858"},"modified":"2024-10-30T12:08:07","modified_gmt":"2024-10-30T18:08:07","slug":"avoiding-overspending-during-the-holiday-season","status":"publish","type":"post","link":"https:\/\/www.dncu.com\/es\/blog\/avoiding-overspending-during-the-holiday-season\/","title":{"rendered":"Avoiding Overspending During The Holiday Season"},"content":{"rendered":"

This year\u2019s holiday sales are expected to rise between 1% and 1.5%, according to Deloitte<\/a>. Will holiday spending rise in your <\/em>life? If there is ever a season of overspending, it\u2019s the winter holidays, particularly Christmas, when gifts, travel, decorating, and family gatherings lead many people to rack up credit card debt that can be hard to pay back. This overspending springs from good intentions, but it can have lingering consequences on your finances throughout the rest of the year. In this article, we\u2019ll explain why it\u2019s easy to overspend during the holidays and what you can do to stay on track with your holiday budget and spending.<\/p>\n

If you have questions, our knowledgeable employees are here to help! Call (877) 818-DNCU or contact one of our Northern New Mexico branch locations<\/a> in Espa\u00f1ola, Los Alamos, White Rock and Santa Fe.<\/p>\n

Save for the holiday season throughout the year<\/h2>\n

One of the best ways to avoid overspending is to get ready for the holidays in advance. For example, our Holiday Savings Club account<\/a> helps you set aside money throughout the year via payroll deduction or automatic transfer. Earn interest on your savings and receive a lump sum distribution of your Holiday Savings balance in early November. You can then use that money for all your holiday expenses instead of paying for gifts, travel, and other things out of your regular paychecks or\u2014worse yet, using a credit card.<\/p>\n

Set a budget<\/h2>\n

If you\u2019ve already saved for the holidays, your account balance becomes the budget. You can set a goal in advance to ensure you save enough to comfortably cover all holiday spending.<\/p>\n

\"Avoid
Stick to your budget this holiday season to avoid overspending.<\/figcaption><\/figure>\n

If you don\u2019t have holiday savings this year, don\u2019t give up. You can still set a budget for holiday spending and avoid going into debt. Here\u2019s how:<\/p>\n