Vermont Veterans Outreach Personal Financial Counselor provides financial services to Vermont’s Veterans, Service Members and their families. These services include budgeting, debt reduction, retirement planning, and much more. Our Family Program Personal Financial Counselor can assist you in your efforts to become financially stable and independent. The Personal Financial Services integrates within the military life-cycle; from pre-deployment financial preparation activities through transitioning from the military to civilian life. These services are free, confidential and available to Veterans and families residing in Vermont.
By Megan Sather
| VTNG Family Programs | Dec. 2, 2019
The holiday season is upon us. Last year the average person spent $885 per person on holiday gifts. You all have heard a lot about shopping sales, using coupon. So, let’s talk about some different ideas for holiday savings.
We will start with the 4-gift rule, this was a new one to me and may be for some of you too. The rule of four gifts idea goes as follows; something you want, something you need, something to wear and something to read. It is a way to make sure that the gifts you are giving cover both needs and wants.
There is a wonderful trend of giving experiences and special homemade gifts. People love receiving their favorite foods or desserts, or how about a date night out for a family with children, or a handmade scarf. The extra time and thought put into creating a gift that is special to the recipient is always appreciated.
Here is an oldy but goody that is still around; some stores still do layaway! For those of you not well versed in layaway: you put items on layaway; they are held at the store for you; most stores have you make weekly payments, there can be a small service fee; when you pay the items off you then take them home. Some of the stores still offering this option are Walmart, Game Stop, Sears and Kmart offer layaway online. Just make sure that the items you want can be put on layaway. This is an option to use instead of charging things on your credit cards and making payments with interest.
As we gear up for Black Friday and Cyber Monday, just be mindful about your holiday spending, you don’t want to end up paying off gifts all next year. Once you get through to the New Year maybe think about starting a Holiday saving account at your local bank or credit union, many offer weekly or monthly payments and they hold the money for you till before Thanksgiving, then you can save all next year and will have cash to spend next holiday season.