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Money Mistakes to Avoid Around the Holidays

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Money Mistakes to Avoid Around the Holidays

Posted On: November 19, 2020 by Bank of Louisiana in: Budgeting, Holiday, Personal Finance, Savings, Seasonal

The holidays are right around the corner which means it’s time to start crossing items off the gift list. Whether you’ve fallen victim to these mistakes before or are trying to avoid them this year, this list will tell you exactly what not to do when holiday shopping. Not saving in advance The holiday season has a way of sneaking up on customers, leading to lots of last minute shopping. We all are aware of when these gifts need to be bought, so why not set money aside to prepare? You can start this a few months in advance, or even better yet, save small amounts all year. Simply add a portion of your income to a savings account each month or set up automatic transfer so the funds are ready to go when it’s time to shop. Being enticed by all of the deals It’s no question that items on sale are automatically more appealing, even if the item is unnecessary. Making a list and knowing exactly what you need before you visit the store can help avoid the tempting