Purdue Federal Credit Union’s Holiday Visa promotion can kickstart seasonal savings

Balancing gifts, travel, and events during the holiday season can make budgeting and paying normal bills stressful. Colleen Shepherd, Purdue Federal Community Outreach Director, provides guidance to help keep the holidays merry.

“One way to celebrate the holidays while preventing debt is to keep total spending between 1% and 2% of your household’s annual income,” said Shepherd. “People remember your thoughtfulness, not how much you spend. Setting a budget before you shop and focusing on meaningful gifts like homemade treats or a shared experience often have a more lasting impact than something expensive.”

Starting some simple habits can also help stretch your budget. For example, cooking at home instead of eating out can help you save. One $40 takeout a week adds up to $160 each month. Even making your own coffee can save almost $100 a month, which you can use during the holidays.

“At the beginning of the new year, start a dedicated holiday fund with automatic deposits into it,” suggests Shepherd. “Saving a small amount each week throughout the year can really add up. Just $25 per week or $100 per month starting in January gives you a $1,200 budget for the holidays.”

If you’re looking for ways to maximize your money then compare prices, shop during sales, and take advantage of cash-back offers. For example, Purdue Federal Visa Signature® cardholders can earn up to 5% cash back on purchases that post to their accounts between promotion enrollment through December 31. You can learn more at www.purduefed.com/holiday.

A little planning can go a long way toward making the holidays enjoyable without putting added pressure on your finances. By setting a realistic budget, finding simple ways to save and spending thoughtfully, you can focus less on the cost of the season and more on the moments and people that make it meaningful.