Ever grappled with holiday spending and budgeting? This episode of The Retirement Readiness Project is here to help! Hosts Tim Regan and Katie Umland walk you through practical tips and personal stories about navigating holiday expenses and setting up a budget that works for you.From the confusion of layaway programs to the pitfalls of credit card debt, Tim and Katie discuss why budgeting during the holiday season is essential. They share their experiences with spending awareness, end-of-year budgeting, and the importance of intentional gift-giving. "It's not just about what you can afford to give, but what you should give," Katie notes.Tune in as Tim recounts his preference for layaway over credit cards and Katie highlights the value of zero-dollar budgeting. They delve into modern spending challenges, including the evolution of subscription services and managing family gift expectations without breaking the bank.“You don't need to escalate your holiday spending each year just because you have financial means; set limits to prevent overspending,” Tim advises.Whether it's setting a holiday budget, understanding the long-term impacts of small expenses, or managing a family’s diverse needs, this episode is packed with actionable advice. Make sure to visit the PrairieView Wealth Partners' website for more resources and subscribe to our podcast for ongoing financial guidance.3 Key Takeaways:Set intentional goals for gift-giving to manage financial strain and avoid overwhelming loved ones with material items.Utilize the end of the year to review spending habits, evaluate automatic payments, and plan next year's budget.Consider zero-dollar budgeting to manage finances effectively, ensuring that spending aligns with true needs and not just wants.

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