COVID-19 and the Holiday Season

COVID-19 and the Holiday Season

“The most wonderful time of the year” is upon us but, for many, the holidays can be hard. This year, due to the pandemic, it’s even more likely than usual for families to be grieving a loss, experiencing anxiety and depression, or lacking financial resources. Additionally, adhering to recommendations to limit social gatherings means missed opportunities to spend time with loved ones. Now is the time to create a plan that will reduce stress, keep your friends and family safe, allowing you to have a jolly season without breaking the bank.

With financial struggles being more common than ever, many Americans are worried about how they will cover the additional costs that the holidays bring. As a matter of fact, two out of five consumers plan to spend less than usual this year. How can you spend less this year? Here are some ideas to help with that!

The most important thing is you set the personal and financial boundaries that are right for you. It’s ok to forgo gifts altogether, instead choosing to use this year as an opportunity to simplify your holiday season. Establish, communicate, and honor your boundaries. Don’t take on more than you want to or more than you can handle. Celebrate the season in the ways that are right for you! Happy Holidays!

The Save First Blog

This is a financial blog designed to help you meet your financial goals. Our team of financial educators, counselors, and coaches discuss relevant topics for everyday financial matters.