Tuesday, February 23, 2016
3 Tips for Your Holiday Gift Budget
The holidays are almost here, and that means gift-giving season is right right around the corner. Unfortunately, that also means buying expensive presents for friends and loved ones. Luckily, there are ways to buy that perfect gift without unraveling your savings. First, when it comes to buying gifts, figure out how much you can afford. Financial advisers suggest spending no more than 1.5% of your annual take-home income during the holiday season. For example, if your annual take-home income is $50,000, just multiply $50,000 by 0.015 and you'll see that your holiday budget should be $750
