The holiday season can bust even the most carefully managed budgets, especially with tempting year-end deals and retailers offering attractive financing terms. Fortunately, it is possible to take care of everyone on your shopping list without draining your credit union account or going deeper into debt. Below are a few tips for enjoying the holiday season without going over your budget.

3 Tips for Spending During the Holidays

1. Set a Budget

Credit cards might seem like an easy solution if you’re short on cash, but you could end up paying off holiday purchases for years. Instead, limit your spending to the cash you have available in your bank or credit union account. Start by figuring out how much you’ll likely be able to spend on holiday gifts, then adapt your shopping list to fit that budget. You might need to forgo some extravagant gifts, but sticking to your budget will pay dividends in the long run.

2. Buy What You Can Afford

If someone always gives you expensive gifts, you might feel obligated to do the same. However, this impulse can wreak havoc on your finances that might continue long after the wrapping paper is thrown away. To keep your savings and debt management on track, base gifts on your financial resources, not someone else’s.

3. Hunt Down Coupons

Many retailers offer dramatic price reductions and sales, but don’t just wait for them to come to you. Once you know what you want to get, search online for coupon codes and rifle through discount flyers. Just be careful not to buy items outside of your list.

Combining the personal service of a small financial institution with the high-tech solutions you’d get from a major bank, Hawaii County Employees Federal Credit Union in Hilo helps their members find financial stability. For over 80 years, they’ve offered affordable financing and convenient accounts to Hawaii County employees and their families. Visit their website for more on their savings options, or call (808) 935-2969 to inquire about setting up a credit union account.