Financial Tips for November: Smart Holiday Spending Strategies

As the holiday season approaches, it’s easy for spending to spiral out of control. Between gift shopping, travel, and festive gatherings, November is a great time to plan ahead and make sure your financial goals stay on track.

Here are three ways to enjoy the holidays - without overspending:

1. Set a Holiday Budget and Stick to It

Decide how much you can comfortably spend this season and assign limits to each category: gifts, travel, entertainment, and decorations. Using a budgeting app or spreadsheet can help you stay accountable. Remember, meaningful gifts don’t have to come with a high price tag.

Tip: Turn on spending alerts in your banking or credit card app to keep your holiday shopping in check.

2. Take Advantage of Black Friday and Cyber Monday Deals

November offers some of the best shopping opportunities of the year. Plan ahead by making a list, tracking prices, and setting alerts for the items you really need.

• Compare prices across multiple retailers

• Avoid impulse buys that aren’t in your budget

• Look for early or extended sales that start before Thanksgiving

3. Use Cashback and Rewards Programs for Gift Purchases

If you pay off your balance each month, credit cards with cashback or rewards can stretch your holiday budget further.

• Redeem existing points for travel or gift cards

• Use cashback sites or apps when shopping online

• Check for limited-time bonus categories

  
  

Tip: Only open new credit cards for rewards if you can meet the spending requirement responsibly.

Smart holiday spending isn’t about cutting back on joy - it’s about being intentional with your money so you can start the new year financially confident.

If you’d like help building a holiday spending plan that aligns with your long-term financial goals, our team at BFG Wealth Management is here to help.

Subscribe for more articles like this!

---

Disclosures: Investment advisory services offered through BFG Wealth Management, a Registered Investment Advisor. This material is for informational purposes only and should not be considered personalized financial advice. Please consult your insurance, financial, or tax professional regarding your specific circumstances.