7 Budgeting Tips After the Holiday Season
If you’re like most, you’ve spent a large amount of money during the holiday season, whether on gift-giving, decorations, or activities. Even if you budgeted, many times, we go overboard, and getting back on track financially after the holidays can be a bit of a challenge, and definitely overwhelming. Here we’ve laid out some budgeting tips for how to recuperate from the holiday season, and stay on top of your finances for the whole year.
1. Get On A Budget
This January, start off with a physical budget so that any debt you might have from the holiday season and the previous year can be methodically dealt with. You can make your budget entirely your own, and look at your finances from the previous year to determine what a realistic and affordable budget is going to help you the best. Each person has different priorities and needs coming into the New Year, so make sure to choose a budget that works for you!
2. Evaluate Your Monthly Spending
There are a lot of categories that we spend on each month, yet sometimes certain categories get more unneeded attention than others. Take a hard look at what you spend monthly, and assess what you can afford to spend more or less on this year!
3. Eliminate Personal Purchases
Okay, realistically there’s no way to get rid of ALL of your personal purchases, and we don’t recommend that you do! A simple saving tip is just to cut back on some non-essential purchases such as going out to dinner, shopping, or other extravagant entertainment purposes like going to the movies, the theater, or concerts.
4. Out With the Old, In With the New!
With all the new gifts that you and your family might have purchased for the holiday this year, it might be time to clean out the closet or the old toy box and sell anything that you might not need any more. You can sell any old clothes, toys, electronics or devices on platforms such as Craigslist, eBay, or Facebook Marketplace. You can also set up a yard sale or take items to a consignment shop if selling your things online isn’t your forté.
5. Go Through Subscriptions
With the financial burden of the holidays, there’s no use in spending money on subscriptions that you don’t need anymore that are also draining your bank account! A great way to manage your spending is to go through all your subscriptions that you may or may not know you still have. If they’re not essential, unsubscribe from any services such as magazines, streaming services, internet services, audiobook channels, or anything else you don’t automatically need, or didn’t even know you had!
6. Invest In A More Affordable & Energy-Efficient HVAC System
Spending more time at home over the holidays and inside can be costly, and heating bills might be causing you some financial strain now that the festivities are over. However, just because the holidays are over doesn’t mean you don’t still need to heat your home! A great way to save money is to invest in a more eco-friendly system, such as one of our high efficiency heat pumps that will effectively heat your home using less energy, and less of your money.
7. Contact Your HVAC Provider
Another way to make sure you’re not spending any more on heating than you need to, is to contact your HVAC provider to assess your heating and cooling systems. At Gulfshore Air Conditioning and Heating, we believe that you should get the system that works best for your budget and your home, and that’s why we offer free second opinions and free in-home estimates on new systems! For more information and questions, please call 850-897-6540 or visit our website at https://gulfshoreair.com/free-second-opinions/.
Gulfshore Air is your local American Standard Customer Care Dealer, and Niceville’s #1 HVAC contractor. Feel free to email us at [email protected] with any questions or inquiries about your HVAC system. Be sure to visit us on Facebook and Instagram for more helpful home tips! budgeting tips budgeting tips budgeting tips budgeting tips budgeting tips