2 Topics Financial Management for Every Season Financial Management for the Holiday SeasonTips and Techniques
3 Have you ever …Spent more for the holiday season than you wished to, or could afford?Still been paying the bills from one holiday season when another arrives?Done all of your holiday shopping in one last minute dash to the mall?
4 What does it cost? On the green slip … Write your name Guess how much the gift costPass the card to your neighborHold on to this for later in the program
5 Holiday Sing Along“Uh-oh,We’re in the Red, Dear”
6 Holiday Sing Along Uh-oh, we’re in the red dear. On our credit bill it showsThe season’s nearly over,But the debit line still grows.
7 Holiday Sing-Along Shopping like Santa’s zombies Sent our budget down the drain,But all our season’s greetingsHelped the giant retail chains.
8 Holiday Sing Along We’re so foggy with no plan, Wond’ring how we’ll pay.Holidays don’t seem so brightWhen our finances are tight.
9 Holiday Sing Along So here’s a plan for next year - Let’s forget the shopping spree.Let’s give a gift of love, soWe will always be debt free!
10 ‘Twas the Day After Christmas Twas the day after Christmas, and all through the house,Every creature was hurtin’, including the mouse.The toys were all broken, their batteries dead;Santa passed out, with some ice on his head.
11 Wrapping and ribbons just covered the floor, … Twas the Day After ChristmasWrapping and ribbons just covered the floor,While upstairs the family continued to snore.And I in my T-shirt, new Reeboks and jeans,I went into the kitchen and started to clean.
12 When out on the lawn there arose such a clatter, … Twas the Day After ChristmasWhen out on the lawn there arose such a clatter,I sprang from the sink to see what was the matter.Away to the window I flew like a flash,Tore open the curtains, and threw up the sash.
13 When what to my wondering eyes should appear, … Twas the Day After ChristmasWhen what to my wondering eyes should appear,But a little white truck, with an oversized mirror.The driver was smiling, so lively and grand;The patch on his jacket said “US Postman”.
14 With a handful of bills, he grinned like a fox, … Twas the Day After ChristmasWith a handful of bills, he grinned like a fox,Then quickly he stuffed them into our mailbox.Bill after bill, after bill, still they came,Whistling and shouting he called them by name.
15 “Now Dillard’s, now Penney’s, now Sears and Broadway, … Twas the Day After Christmas“Now Dillard’s, now Penney’s, now Sears and Broadway,Here’s Hecht’s and Home Depot, and Kohl’s and Target.To the top of your limit, every store, every mall,Now charge away, charge away, charge away all!”
16 … Twas the Day After Christmas He whooped and he whistled as he finished his work.He filled up the box, and then turned with a jerk.He sprang to his truck and he drove down the road,Driving much faster with just half a load.
17 … Twas the Day After Christmas Then I heard him exclaim with great holiday cheer,“Enjoy what you bought…YOU’LL BE PAYING ALL YEAR!”
18 Holiday Quiz 1. What is the busiest shopping day of the year? The day after ThanksgivingThe day after ChristmasThe Saturday before Christmas
19 Holiday Quiz2. What is the holiday song most played at malls during the winter holidays?I’m Dreaming of a White ChristmasI Saw Mommy Kissing Santa ClauseJingle Bells
20 Holiday Quiz3. The Winter Holidays (Thanksgiving to New Year’s Day) are, by far, the busiest shopping time of the year. What is the 2nd busiest shopping time of the year?
21 Holiday Quiz 4. Rudolph the Red-Nosed Reindeer… Was a character originally conceived by Ernest Hemmingway for a novel.Started as a sales gimmick for Montgomery Wards in 1939Was shot and killed in a tragic 1963 hunting accident
22 Financial Planning for Every Season Creating a planThe gift you give yourself
23 Creating a Plan for Every Season Financial Planning WorksheetStep #1: Determine net payStep #2: Save and InvestStep #3: Record expensesStep #4: Manage creditYour CFS can help!
24 Benefits of a Good Plan A good spending plan will help you… Live within your meansRealize goalsMaintain a good credit historyGet more for your moneyAchieve financial freedomA financial plan is one of the best gifts you can give yourself !!
25 Financial Planning for the Holiday Season Shopping habitsPreparing a planSetting limits
26 This is what merchants have come to expect of us… The average consumer spent $889 on the winter holidays in 2006$451 Gifts for the family $86 Gifts for friends $67 Gifts for coworkers and others (babysitter, teachers, etc.)$99 On themselves $47 Decorations $31 Cards and postage $91 Food $18 Flowers Source:
27 What are we buying? Gift Cards Clothing and Accessories Books, CDs, DVDsConsumer ElectronicsJewelryHome Décor and FurnishingsMost popular items:For girls — Barbie/dollsFor boys — TMX Elmo/carsSource:
28 Prepare a Plan Family Conference to do liststop prioritiesdollar amounts per personpersonal experienceDetermine the “Cost of Our Happy Holidays”
29 Set Limits Examine alternatives Beware of impulse purchases Make a list and stick to it!
30 Tips and Techniques Alternatives to expensive gift giving Holiday financial safetyPaying for the holidaysPost-holiday financial planning
31 Alternatives to Expensive Gift Giving Write down one or two of your favorite low- or no-cost alternatives to expensive gift-giving. (green card)
32 Alternatives to Expensive Gift Giving CookingPersonal couponsHome made craftsYour timeYour talentsMeaningful gifts
33 Saving Money and Time Draw names Mail order/catalog shopping On-line shoppingLay awayPurchase after the holidaysPlan your tripsWhat is your favorite low cost idea?
34 Financial Safety Maintain control of your cards & information Know with whom you are doing businessReview statements upon receiptImmediately report any “missing” cards or unrecognized transactions to minimize damage
35 How are Shoppers Paying for the Holidays? 39% Check or Debit Cards30% Credit Cards24% Cash6% Personal Checks(Source:
36 Paying for the Holidays CashChristmas clubsCreditCredit cardsLoansIf you must charge purchases, use a low rate major card rather than a high-rate store card
37 Paying Off the CardsOnly charge as much as can be paid off within three monthsCreate a plan to pay off your holiday purchases within those three months by making adjustments to other expenses
38 Post Holiday Financial Planning Start planning for next yearTrack this year’s costsTotal amount spent this yearAmount to begin saving monthly to get ready for next year
39 Summary Questions? Financial Management for Every Season Financial Management for the Holiday SeasonTips and TechniquesQuestions?
40 Start with a little planning and Happy Holidays will be the result!
41 Print your Certificate Click on the following link to add your name to the certificate and print it:How to Survive the Holidays Financially