America Saves Blog

Blog

Tips, advice, and the latest news from the savings world.

Budget for the Holidays with this Interactive Tool

Written by Super User · 05 December 2011

December 5, 2011

By This email address is being protected from spambots. You need JavaScript enabled to view it., America Saves Communications Manager

Without a budget, holiday spending can get out of control. A few unplanned gift purchases and a last minute plan to visit relatives for the holiday can add up fast.

Take the guessing out of how much you will spend this holiday season with ClearPoint’s Holiday Planning Tool. This innovative tool suggests a holiday spending budget for you based on your annual salary. You can then use their tool to break down your holiday spending over several categories including gifts, parties, travel, food, and donations.

clearpoint

I really like this tool because it takes into account more than just the gifts you will buy this holiday. Many people throw a holiday party or have to drive or fly to visit family and forget to budget for these items in their holiday spending plan.

This is a great tool for this holiday season and can help you get a jump on saving for next holiday season as well.

Related Articles:

More Consumers Feeling Worse About Their Finances
Don't Increase Debt During the Holidays
Keeping Track of What you Spend and Budgeting
The Hardest Part About Getting Our of Debt

More Consumers Feeling Worse About Their Finances

Written by Super User · 01 December 2011

December 1, 2011

By Katie Bryan, America Saves Communications Manager

Mall

According to the 12th annual CFA-CUNA Holiday Spending Survey, 37% of people reported that their financial condition was worse this year than a year ago. These findings help explain why 41 percent said they were planning to spend less this year than last year.

Ideas for Keeping Holiday Debt Under Control

  • Make Budget, and a List
    • Right now, decide how much you can afford to spend and stay within that budget.  Staying within budget will be much easier if you make a price list of all gifts and other holiday items you plan to purchase.
  • Comparison Shop
    • You can easily save more than 10 percent on most items, sometimes considerably more, by comparing prices at different stores. The easiest way to do this is to use the Internet and compare offers online. But when shopping online, shop wisely.
  • Pay Off Debts Quickly:
    • You’re less likely to overdo it if you pay in cash.  If you must make holiday purchases using credit, use a lower-interest card and pay off this debt as soon as possible early next year. Read More.
  • See what’s in your supply drawer:
    • You may have more wrapping paper, ribbons, unused cards and gift boxes stored away from last season than you realize.  Use up those holiday supplies first to trim down the amount you’ll have to buy this season.
  • Be Smart About Gift Cards
    • Rules that took effect last year significantly restricted gift card expiration dates and fees. But those who give or receive a gift card should still read the fine print. And if you get a gift card, use it sooner rather than later to avoid forgetting about unused balances on the card, or forgetting about the card altogether.

Do you feel your financial condition is worse than a year ago? Let us know on our Facebook page.

Related Articles:

Don't Increase Debt During the Holidays
Keeping Track of What you Spend and Budgeting
The Hardest Part About Getting Our of Debt

Past Articles

Teen Money Expectations vs. Reality

Written by Super User · 28 November 2011

November 28, 2011

By Karyn Hodgens

Karyn Hodgens is a Kids Personal Finance Educator and Elementary Math Specialist. Find more about her at kidnexions.com and follower her on Twitter.

Money beliefsOne of the many things I love about kids is their optimism. As parents, we don't want to crush that spirit! Then again, somehow we need to gently let our kids know that while a human tele-porter, for instance, isn't something we can help them build, maybe a pulley system from one side of the room to the other, is. It's about guiding their enthusiasm in a realistic direction.

Consider a recent Schwab 2011 Teens and Money Survey. A full 81 percent of teens aged 16 - 18 plan to choose a career either because they're passionate about the work or they feel it will help them do good for others. And that's great because we want our children to grow up and be happy in their professional lives. Besides, a happy workforce is a productive workforce!

Happy Thanksgiving from America Saves

Written by Super User · 22 November 2011

November 24, 2011

From all of us at America Saves, we hope you have a joyful and safe Thanksgiving.

Young America Saves Featured at President's Council on Financial Capability Listening Session

Written by Super User · 21 November 2011

November 21, 2011

By George Barany, Director, Financial Education and Youth Saves

presidents councilThis past Wednesday, President Obama’s Council on Financial Capability held a listening session in Chicago that featured two distinct initiatives of the Young America Saves campaign in Illinois, Young Illinois Saves and three other initiatives led by City Treasurer Stephanie Neely, Network for Teaching Entrepreneurship, and the college access program Ladder Up.

The event at Michelle Clark High School was attended by more than 100 civic and educational leaders including Council Chairmen John Rogers, CEO of Ariel Investments and council member and Beth Kobliner, national financial journalist. These civic and educational leaders had the opportunity to see the peer based program that generates positive savings behavior led by Young Illinois Saves.

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Administrator2 | January 7, 2014

    Second saving strategy: Save for emergencies http://ow.ly/sj3vP

Saver Tips and Stories View all »

#ImSavingFor Winner Story

Written by Lindsay Ferguson | June 13, 2019

America Saves awarded one lucky saver, Pedram R. from California, $750 for sharing his #ImSavingFor story. Pedram said, “Saving is important to me because it proves I am not willing to buy unnecessary things to please others or to be perceived as successful.”

Read more...

Another Dream Realized

Written by Tammy G. Bruzon | November 7, 2014

Mary Brown was already a disciplined individual when she came to Wisconsin Saves coordinator Wisconsin Women’s Business Initiative Corporation (WWBIC) in last summer. She had successfully completed her bachelor’s degree with the assistance of her husband and son, and was now ready to tackle her next big dream – homeownership.

Read more...

Starting Over

Written by Katie Bryan | October 28, 2013

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up