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

Holiday travel weather alert: Storm clouds gathering

November 21, 2019 at 10:13 am | Coeur d'Alene Press Thanksgiving holiday travel for North Idahoans is looking rougher by the minute. According to Press climatologist Cliff Harris, a weak system headed this way is picking up momentum. “The storm has ...

Comments

Read More

Briefly

November 21, 2019 at 5:00 am | Coeur d'Alene Press • An article Wednesday declaring Alex Barron’s candidacy for Idaho Senate District 3 included some confusing information. The story said current Sen. Don Cheatham is retiring — but he isn’t qui...

Comments

Read More

All-Intermountain League football

November 21, 2019 at 5:00 am | Coeur d'Alene Press ALL-INTERMOUNTAIN LEAGUE FOOTBALL MVP — Joey Follini, Timberlake Offensive Player of the Year — Jeremy McLemore, Timberlake Defensive Player of the Year — Josh Yanez, Timberlake Lineman of the Ye...

Comments

Read More

Kenneth Wilbur, 74

November 21, 2019 at 5:00 am | Coeur d'Alene Press Beloved husband and father, Kenneth Wilbur, passed away on Oct. 14, 2019, while wintering at his home in Lake Havasu City, Ariz. He was born June 20, 1945, to Clarence and Della Wilbur. Kenny grew ...

Comments

Read More

Contact Us

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

©2019 The Coeur d'Alene Press Terms of Use Privacy Policy
X
X