Generally speaking, Americans love to buy things. The average household carries $15,607 in credit card debt. Additionally, consumer spending rises during holiday season. For many of us, the meaning behind the holidays, though unintentionally, often takes the back-burner. No matter how much we try to avoid it, we get lured by sales into the bustle of holiday shopping, wanting to show our love and gratitude through gift-giving.
In just a few generations, we have transitioned from a society that values savings to one that relies heavily on debt and credit. Advertising campaigns encourage us to buy things we don’t need, tempting us believe that more stuff will make us happier and more loved. If you can remove the sentimental emotion from the tradition of gift-giving, you will see that the season can create a lot of waste -- both physically and financially.
Below are some tips from a USAtoday article on ways to rethink your holiday spending:
While gift-giving is fun, we don’t have to feel broke and stressed as we enter the New Year. Let’s commit to rethinking our gift-giving traditions this year so the focus is truly on loved ones. Check back each week throughout December while we offer tips to encourage holiday thriftiness.
From all of us at MCUCD, may you have a blessed holiday season!
Click here for the December CRC Package.
Montana Credit Unions for Community Development (or MCUCD) is the award-winning, charitable arm of the Montana Credit Union Network. A state-wide nonprofit organization, MCUCD works together with the state's credit unions to improve the lives and financial independence of all Montanans.