It takes practice to figure out when to spend money and when it’s better not to. For example, it’s tempting to buy things when there are sales. But what if you don’t really need the thing that’s on sale? In that case, “saving” money doesn’t really save you anything.
It’s also tempting to spend more money than usual around the holidays, even if you can’t really afford to. There are even days that are all about spending, like Black Friday, Cyber Monday, and Giving Tuesday.
Stores and charity groups will encourage you to spend and donate your money. But it’s up to you to decide where your money goes, during the holidays and all year long. These resources can help you decide when to spend—and how to spend wisely.
Create a holiday-season spending plan
Learn more about budgets and how they work.
