Can You Change Your Behavior?

Now that the holiday bills are in, what do you think? Any worries or regrets? If so, how can you change your behavior to prevent worries or regrets next year?

This month, many folks have had mailboxes or autopay accounts full of holiday bills or credit card bills; I have a few myself.  But next year at this time it doesn’t have to be that way if we take action now.

Think about the amounts you spent on gifts, food, and other holiday-related expenses and add them up.  Divide the amount by 10 (months).  Suppose your total spending was $400. Then 400 ÷10 = $40; if you save $40 each month until November, you will have $400 available in November for next year’s holiday purchases.

Another approach could involve saving $20 per week; after a year you would have $1,040.  This could be a holiday fund or a vacation fund; the money could be used for other annual expenses too, like back-to-school costs or car registration. Think about your goals for this year and save accordingly.

People who plan to save excel in reaching their goals.

Susan Taylor

Susan Taylor

Resources are important whether you are looking to rent your first apartment, pay your bills, buy your first home or send your child to college. There are many ways to save money to reach your goals, and hopefully ISU Money Tip$ will be one of them. I enjoy traveling, needlework and am a novice gardener.

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