Spend, Save, and Share for a Happy New Year

Print Article

The holiday music is playing and stores are bustling with people trying to find that perfect gift. But don't let the magic of the holiday season break your budget! When you are planning gifts for your family and friends, remember the philosophy of, “Save, Spend, Share.”

Talk to your kids about saving and overspending during the holidays. Honest conversation and good financial habits will help them succeed later in life.

“You should plan to spend no more than 70 percent of your money for wants or needs, save 25 percent for the future and share 5 percent in the community by giving back and supporting special causes or organizations,” said Katie Scofield, Numerica Credit Union Financial Education Officer.

During the Christmas season, Americans spend nine times more than any other time of the year. But overspending can put a damper on New Year goals.

Besides sticking to a budget, another idea to avoid January stress and spending regret is to make a list (and checking it twice). Include gift ideas with the names of those you're shopping for and stick to the list. Window shopping can lead to splurges that might break your budget. Other ways to save include limiting self-gifting, tracking your spending as you go and looking for opportunities to create memories together like coupons or vouchers for activities rather than just buying a gift.

“The holidays are about coming together to make life better for our community and creating memories with those we love,” says Scofield.

Print Article

Read More

New York-style menu featured at NYC Piano Bar

July 22, 2018 at 5:00 am | Coeur d'Alene Press Music, food and beverages in a unique setting are the combined attractions at the NYC Piano Bar that opened last weekend at 315 E. Sherman Ave. A person playing a small piano just inside the sidewal...

Comments

Read More

NORTHWEST NOTES: July 22, 2018

July 22, 2018 at 5:00 am | Coeur d'Alene Press Angola-Rodas signs with Orlando Magic Guard Braian Angola-Rodas, the North Idaho College product who later transferred to Florida State, signed an Exhibit 10 contract with the Orlando Magic. An...

Comments

Read More

USA Explosion wins opener at 18U nationals

July 22, 2018 at 5:00 am | Coeur d'Alene Press HUNTINGTON BEACH, Calif. Haley Loffer, a Lake City High product who has signed with NAIA College of Idaho, went 3 for 3 with an RBI and two runs scored for the USA Explosion 18 Gold in a 4-1 win ov...

Comments

Read More

Prairie falls short in deciding game

July 22, 2018 at 5:00 am | Coeur d'Alene Press • AA LEWISTON Matt Fleming hit a three-run home run in the first inning, then did it again in the fifth inning for Prairie, but the Cardinals lost to the Lewis-Clark Twins 13-6 in the decid...

Comments

Read More

Contact Us

(208) 664-8176
215 N. Second St
Coeur d'Alene, Idaho 83814

©2018 The Coeur d'Alene Press Terms of Use Privacy Policy
X
X