Stark Federal Credit Union

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Stark Federal Credit Union

Tracking Holiday Spending

The holidays will look different this year due to the COVID-19 pandemic, which is why most people will try harder to make the season brighter. But, you don’t have to dip into the kids’ college savings to create a special time!

The most important thing to remember is to plan ahead with a set spending amount for gifts, wrap, entertainment, donations, and travel.

Make a list and check it twice

Once you have your gift-recipient list, figure out a realistic amount you are able to spend on each person. Then, jot down a couple of gift ideas in your price range for that person.

Try using our budgeting software called MoneyDesktop to keep your spending in check. You can use it for your regular monthly budgeting, but it also allows you to allocate more funds for holiday purchases. Using graphs and reports, it shows you how much you’ve spent and how it will affect your budget in the months ahead.

Shopping

Due to the pandemic, holiday shopping is already in full swing. Most people want to avoid crowds, so they are already hitting malls. Retailers are well aware of this and are offering pre-Black Friday sales and discounts.

Some other money-saving tips:

  • Spread out your holiday shopping over several weeks.
  • Shop with a list.
  • Shop the sales and find/use coupon codes for online purchases
  • If you’re shopping online, avoid shipping delays and higher shipping costs by shopping at stores that offer “buy online, ship to store” service, which is free at most retailers.
  • Get the best deals on cards, decorations, and gift wrap during the days right before and after Christmas. Discounts of up to 75% off can shave a lot off your holiday budget for next year.

Entertaining

Still reeling from the pandemic, most folks will host smaller holiday gatherings this year, which will save tons on food, treats, and adult beverages. Keep costs down by asking everyone to bring their favorite side or dessert and include festive recipe cards with the chef’s name.

Use DIY decor containing natural items, like holly and pine cones. Gather the kids and go on a hike to find outdoor holiday decorations.

Save more by partying without plastic. Disposable plates and dinnerware are not great for the environment and your budget.

Charitable giving

The holidays are a time for goodwill toward all, but if your budget cannot accommodate a monetary donation, volunteer your time.

Keep your holiday dollars in check, and you may have some holiday spirit left over even after the last elf is packed away and the January bills start rolling in.

We at Stark FCU wish you all a happy, healthy, and stress-free holiday.

Stark Federal Credit Union
NCUA

Dressler Branch
4100 Dressler Rd. NW
Canton, OH 44718
Office: 330.493.8325
Fax: 330.493.8328

Loan Dept.: 330.493.7602
Loan Dept. Fax: 330.493.1619

Mon. - Fri.
9:00 a.m. - 5:30 p.m.
Sat. 9:00 a.m. - Noon
(Drive-up only)

Cleveland Ave. Branch
3426 Cleveland Ave. NW
Canton, OH 44709
Office: 330.493.8326
Fax: 330.493.8941

Mon. - Fri.
9:00 a.m. - 5:30 p.m.
Sat. 9:00 a.m. - Noon

Alliance Branch
1281 S. Sawburg Ave.
Alliance, OH 44601
Office: 330.821.7225
Fax: 330.821.2004

Mon. - Fri.
9:00 a.m. - 5:30 p.m.
Sat. 9:00 a.m. - Noon

Minerva Area Federal CU Shared Branch
(Cash and deposits only)
3570 Union Ave. SE
Minerva, OH 44657

Mon., Tues, Thurs.
9:00 a.m. - 5:00 p.m.
Wed. 9:00 a.m. - 1:00 p.m.
Fri. 9:00 a.m. - 5:00 p.m.

Routing Number
241274598

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Stark Federal Credit Union
All rights reserved.

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