We are aware that some of our Family First VISA card holders who are signed up for eStatements received a paper statement for the month of January. These members should have received their January VISA eStatements also and will not receive a paper statement fee. We’re working with our vendor to ensure this doesn’t happen in the future. We apologize for this error. 

All Family First branches and the call center will be closed on Monday, February 19 for President’s Day. Have a safe and enjoyable holiday.  

All Family First branches and the call center will be closed on Monday, February 19 for President’s Day. Have a safe and enjoyable holiday.  

Smart Post-Holiday Saving Strategies

Last Updated

December 18, 2023

Written By

Sarah Kearney

As the holiday season comes to an end, many of us find ourselves reflecting on the festivities, the joy of giving, and perhaps, the state of our finances. With the new year just around the corner, now is the perfect time to shift our focus to smart saving strategies that can help us recover from the holiday spending surge. Rather than submitting ourselves to post-holiday financial stress, let’s explore some creative saving solutions that are guaranteed to help you out in the new year!

  1. Reflect on Holiday Spending

Before diving headfirst into a new savings plan, first take a moment to reflect on your recent holiday spending. Identify where exactly the money went and areas where you could have been more frugal, then use these insights to help you determine savings goal and budget for next year.

2. Implement a No-Spend Month

Challenge yourself to a no-spend month, where you try to only purchase essential items. This temporary financial detox can help break impulsive spending habits that are frequently adopted during the holidays. With holiday festivities, more frequent meetups with family and friends, and various unexpected expenses, it’s easy for spending to get out of hand and to lose sight of your budget. This is a great way to get yourself back on track after the holiday season (even if you cheat here and there).

3. Automate Your Savings

Set up automatic transfers to your savings account! Treat your savings like a non-negotiable monthly expense. By automating the process, you ensure a consistent contribution to your savings, making it easier to stick to your financial goals. (Holiday Pro-Tip: Create a savings account with automatic transfers dedicated solely to holiday spending – this makes it easier to save ahead of time and stick to a budget, so you can avoid post-holiday financial stress!)

4. Explore DIY Projects and Thrifting

Get creative with your spending by embracing DIY projects and exploring your local thrift stores. Not only does this add a personal touch to your belongings, but it also allows you to repurpose items at a fraction of the cost. Plus, you never know what kinds of treasures you’ll discover thrift shopping!

With the hustle and bustle of the holiday season, it’s easy to lose sight of our financial goals. However, by implementing these creative saving strategies, you can enter the new year with a renewed focus on your financial well-being. Small, consistent efforts add up over time, creating a strong foundation for a more secure future!

For help establishing savings goals for the new year, automating your account, creating a personalized budget and more, schedule an appointment with one of Family First’s certified financial counselors! Our local experts are prepared to give you the guidance and resources you need to get started on your journey to financial security

Author

Sarah graduated with her BFA in Graphic Design from the State University of New York at Fredonia in 2018 before beginning her career at Family First. Sarah is a designer, content creator, and community outreach coordinator, and is an active volunteer within the Rochester community. 

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