Holiday Hangover

As the New Year is upon us, you may be thinking that your finances from the holidays are looking a bit rocky. Your concerns are valid - the National Retail Federation states that the “typical American spends $650 - $1,500 on holiday gifts annually”. 

How to improve this downward trend? Savings. It may seem like an obvious answer, but the sooner you can take a little out of your pay check monthly starting in the new year, the sooner you’ll be able to pay for the next holiday! 

Set a realistic financial goal for yourself, putting a small amount aside every pay check & place it in an account that you won’t feel tempted to withdraw from. A little bit turns into a lot over 12 months of savings!

However, the best way to figure out the savings that work for you is by consulting with a financial planner. Graeme Woods, of G.S. Woods Financial Solutions LLC, is a financial advisor that won’t give you a cookie cutter consultation - he will find a plan that works best for you. 

Meet your financial savings goals for 2020 - call Graeme today at (570) 661-1066.

 

Sources: https://www.investopedia.com/financial-edge/1112/average-cost-of-an-american-christmas.aspx 

Written By: Cady Stoever, Marketing & Communications Associate, G.S. Woods Financial Solutions LLC

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Check the background of this financial professional on FINRA's BrokerCheck