Cortburg Speaks Retirement - episode #167: 8 Tips to Stay on Track with Your Holiday Budgeting / Investment in Stock Market, Financial Planning, Retirement Planning, Money Management
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About Cortburg Retirement Advisors, Inc.
Cortburg Retirement Advisors is a full-service, boutique financial planning firm - helping guide clients through the turbulent and calm economies. Their goal is to help grow, protect, and preserve their assets from their first job through retirement. Cortburg’s “all in one house” capabilities mean that their experienced team can help with all financial needs - wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.
Welcome to Cortburg Speaks Retirement Podcast
with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC®
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INTRODUCTION
Welcome to Cortburg Speaks Retirement
An audio podcast about investing in the stock market, financial planning, money management and retirement planning. Each Wednesday, we help investors at all stages of life learn how to potentially grow and preserve their money from first job through retirement.
Now here is your host, Miguel Gonzalez.
HOST
Good morning and welcome to the CORTBURG SPEAKS RETIREMENT audio podcast.
On this week’s audio podcast, I share 8 tips to help you start the New Year holiday.
It’s hard to believe we are already approaching the end of another year, and holiday season will soon be here. Since holiday spending doesn’t include just gifting, it’s essential to set your budget now. You may likely find yourself spending extra on food, decorations, holiday travel, and more.
According to a forecast from Deloitte, U.S. consumers will spend up to 9% more this holiday period compared to 2020. With holiday travel now an option, more Americans may choose to visit family or take vacations and in-person spending will increase since COVID restrictions have been lifted.
Here are eight tips to help you start the New Year holiday debt-free from holiday spending:
- When planning your holiday shopping write down everyone you’d like to buy gifts for and assign a reasonable dollar amount to each. Planning creates a blueprint to follow for your shopping and helps keep your spending on track with your budget.
- If you plan to use credit, consider using a credit card that offers cash back or rewards. You may gain some additional benefits or rewards to help lower the cost of spending.
- When shopping for specific items, don’t settle for the first price tag you see. Research the item online to see if you can find a lower price elsewhere or utilize a select store’s price match.
- Consider buying an older version of the big-ticket item you desire. Last year’s edition may save you money as retailers discount big-ticket items at the end of the year to make room for newer models.
- Brainstorm a list of gifts you could potentially make yourself. Making gifts will help you to save and also show the recipient you’ve invested your time and effort into their gift!
- Keep an eye out for everyday price cuts instead of holding out for Black Friday or Cyber Monday. Many stores will offer discounted items ahead of these one-day sales.
- Don’t wait until the last minute, as rushing may lead to overspending. Take the stress out of holiday shopping and start crossing off items on your gift list as soon as possible.
- Save ahead of holiday season and utilize your bank’s automatic transfers to set up a holiday savings account.
Don’t let the holiday season take a toll on your wallet by confidently planning your spending with a budget. Need help developing a savings plan for future goals or retirement savings? Your financial professional can help. Contact Cortburg Retirement today!
Make sure to visit our website, www.CortburgRetirement.com. Our site is filled with educational videos, eBooks, publications, and financial calculators designed to help you learn more about your finances. As you search our site, send us a note regarding any questions you may have about any particular investment concepts or products. We will get back to you quickly with a thoughtful answer.
This is Miguel Gonzalez, Certified Retirement Counselor (CRC) and Managing Partner, with Cortburg Retirement Advisors signing off for this week’s educational podcast.
DISCLOSURES
Opinions expressed are subject to change without notice and are not intended as investment advice or a solicitation for the purchase or sale of any security. Please consult your financial professional before making any investment decision.
All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
CRC conferred by The International Foundation for Retirement Education.
Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through Private Advisor Group, LLC, a registered investment advisor.
Private Advisor Group, LLC and Cortburg Retirement Advisors, Inc. are separate entities from LPL Financial.
Investing involves risk including possible loss of principal.
· The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
· All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.
· This article was prepared by FreshFinance.