How to Save and MAKE Money Over the Holidays and Start the New Year Off Ahead of Everyone Else

Hi, I’m the Financial Engineer and my goal is to help you retire on your own terms – to take you to the next level. I love helping those who want to focus on the important stuff, family/friends, their career and making their communities even better!

The topic today is How to Save Money Over the Holidays and Get a Head Start In the New Year.

Now, there’s lots of ideas, and I’m going to give you 2 easy to follow tips that will save you big bucks and start the new year off right, free from buyers remorse when you get your credit card statement(s).
Ready? Here we go....
Tip #1: Make a List. We’ve all heard ‘those that fail to plan, plan to fail”. Just like the big man in red and white, make a list of who you are buying for and what you are going to get them. Do Not go online or the old fashion shopping thinking “I’m sure I’ll find something….” This will not only increase your time spent, but it will also increase how much you spend. Probably on crappy gifts too! If you are unsure what to buy that significant other, simply ask them what they want! If they don’t know, I recommend books!! Readers are Leaders. Some great financial books that are readable and entertaining are (click the link to buy):

Tip #2 Try using Cash. Or as Yoda says “Do or Do Not – there is no try” I challenge you to use cash only during the holidays. Cash is king, baby.

Study after study shows that people actually spend less when cash is used compared to plastic. You see, 2 things happen when you use cash:

  1. You experience the joy of buying something
  2. You experience the regret of seeing the cash leave your hands.

Cash is more real!! With Credits Cards, you don’t experience that regret…. Well, not until your credit card statement arrives and you owe big bucks – how did that happen?!


So, there you go – 2 simple, yet very effective tips to save money and free yourself from buyers remorse. Let me know how it goes! What feelings did you experience using cash only during the holidays? Did you get more joy of buying things?

Happy Holidays and all the best in 2020 and Beyond!


Want to know how to make more money over the holidays and beyond? To become your own banker? To have you and your money worker smarter and harder? Book a call here to get the ball rolling - 15 min could make a big difference:
https://letsmeet.io/thefinancialengineer/15-min-phone
Dedicated to helping you retire on your own terms
Steve MacLellan, P.Eng
The Financial Engineer
www.thefinancialengineer.ca
Location: Halifax, NS, Canada

Comments

Post a Comment

Popular posts from this blog

6 Ways to Invest for Your Children's Success! (There's more than RESPs)

Image
Congratulations!!!  Welcome to parenthood!   Everyone reacts differently to this phase of life.  We were shocked by how much unconditional love we had for our children when they entered the world – who else would you throw yourself in front of a bus for?  When Rowen, our first born arrived, we unwisely threw $10K into a scholarship RESP out of pure emotion.  5 years later that $10K is now $9373 due to fees and charges.  I’m writing this article so you don’t make the same mistakes we made, and to ensure you that there are several ways to save for your child’s success, even if post-secondary school is not in the cards.  If you are lucky enough to have $10k, there's a better way to invest than we did, but even $50 - $100/month can make a HUGE difference!! Option #1 – RESP (Registered Education Savings Plan) – Growth Plan Pros:   Government matches 20%, 30% or 40% and investment can take advantage of compound growth. Catch : Grant can only be used for post-secondary edu
Read more

Design Your Future - November's Business Owner of the Month Ava Benesocky

Image
  Every month, we will introduce a "do gooder" / business owner / entrepreneur that is making their communities even better with their business and "can do" attitude!!     Would you like to have your product, service, or professional profile shared with 13,500+ (LinkedIn, Facebook, and Monthly Newsletter)?  If so, reach out to nominate a fellow  business owner that would qualify...   Let's get to it!!   November's Business Owner of the Month is Ava Benesocky  - Entrepreneur | CEO | Real Estate Investor | Leader of Leaders     Business Owner of the Month Ava Benesocky Co-Founder & CEO of CPI Capital       Ava Benesocky - Co-Founder & CEO of CPI Capital Ava is an experienced, creative, and energetic real estate investor with an entrepreneurial spirit and a proven track record in sales, helping other busy  professionals purchase real estate south of the border.   She's founder and CEO of  CPI Captial.    It's a company dedicated to creating a st
Read more

November's Issue of Design Your Future - Truth Bombs

Image
  With the holidays just around the corner, November's issue of Design Your Future is hot off the press with a strong focus on the  Truth - the cold, hard truth!   December and January are a great time to get a head start for the new year.  Book Your  Compliementary Discover Meeting  or your  quick and friendly phone call.   Inside this issue you will find: The Cold Hard Truth - This Truth Bomb Might Hurt Listen to This - The Loonie Hour The Truth About the Infinite Banking Concept? How to Maintain Independence Business Owner of the Month - Ava Benesocky Fun Financial Fact Design Your Future - November 24, 2022   We are doing our best to ensure that we have you covered, that we focus on your success and what is important to you!   Millionaire Mindset on Mondays is exclusively for clients and members of the Design Your Future family.   As a possible Design An Even Better Future member, this is a friendly reminder that I am only a phone call or email away to see if we can help.  We a
Read more