The Realities of Spending and Finances During the Holiday Season

Episode Summary

Today, we’re discussing the realities of spending and finances during the holiday season. The fall and last three months of the year can be hectic and draining on both your schedule and bank account. However, I want to assure you that you don’t have to buy everyone a gift during Christmas. You have the permission to prioritize your own financial well-being and not feel obligated to give gifts to every family member. The holidays are about being with loved ones, not excessive gift-giving. If you can’t afford to give everyone a present, it’s perfectly okay to save your money and prioritize your own financial stability. Remember, your family and friends will understand and appreciate your decision to take care of yourself. Don’t let societal expectations dictate your financial decisions during the holiday season.

In this episode I share:

  • Permission to not feel the need to buy everyone in your family a gift
  • Planning ahead for traveling
  • Using a shopping list to help you over buy and over spend on things you don’t need
  • How to save for the holidays year round 
  • Using a Sinking Fund to help you save for the holidays ahead of time


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More About The Debt-Free CEO Podcast

Are you tired of getting yourself further into debt month after month? Does your mindset around money play a factor in your family’s spending? Do you struggle with knowing which debt to pay off first and how to keep yourself from going further into debt? Maybe you’re a freelancer who struggles with how much to pay yourself each month making it difficult to create a working budget.

In this podcast, you will learn ways to manage your finances to set you on the path to debt-free and on to financial freedom. 

I’m Megan Mendez, and I was a tired teacher needing to get out of debt to leave the classroom for good. In 2021, paid off $53,000 worth of debt in 12 months and started my freelancing business shortly after. I’ve been able to successfully pay myself as a  business owner and continue on the path to financial freedom and now I want to help YOU do the same! 

My hope is that this podcast gives you tactical tips to help you improve your finances and set you and your family’s future up for success. I hope you’ll join me as we journey to financial freedom together. 

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