VeriAccount December Newsletter 2021
Happy Holidays!
The holiday season and the new year is upon us! So we thought we would help our readers watch for a few areas that people commonly overspend on every holiday season.??
Watching these areas will help you reduce buyer's remorse that may come up in January.?
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Reader Q&A: What Do People Overspend On During The Holidays?
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I love giving food as gifts to acquaintances and treating my family to holiday treats, but always seem to overspend, how do I stop this??
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Food is an easy area to overspend in because it's a highly enjoyable consumable and people are encouraged to give food as an easy and relatively affordable gift over the holidays to loved ones.
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VeriAccount Recommends: Make a list of people who you’d like to give food as gifts for and start looking now for deals! Often grocery stores will announce sales and exclusive coupons in their weekly flyers, so be on the lookout for your favorite grocery store’s sales.?
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What’s the best way to budget for gifts?
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People usually budget for gifts because they expect to spend quite a bit of money on treating the people they love for the holidays.?
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VeriAccount Recommends: We advise that you make two separate budgets for gifts; one budget for large gifts and one budget for small gifts.? Making two budgets for each category allows you to get even more detailed in your spending.
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领英推荐
What are some unforeseen travel expenses I need to look out for?
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Most people don't account for traveling expenses unless they are traveling by plane, train, or bus.
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VeriAccount Recommends: We advise that you make a budget for rideshare travel alongside your usual modes of transportation, just in case you or a friend may need it.
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What is a common impulse buy people make?
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Clothing is a sneaky budget-buster that we can easily overspend on because of all of the holiday festivities that seem to pop up during this time.??
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We want to look good in holiday photos and impress our friends and family with stylish outfits, but we must remember to keep on a budget!
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VeriAccount Recommends: We recommend shopping your own closet for things that you haven't worn in a while or shopping a friend's closet to see what you guys can trade for the holidays. If you really need to buy something, thrift stores are a great way to buy something that's new to you at a great price.
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We hope you and your family have an amazing holiday season this December and have a Happy New Year!
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Queretta Simms, CEO & Founder of VeriAccount
Phone: 202-280-0722
Email: [email protected]