My name is Allison Cosgrove and I’m pleased to offer you money-saving tips and advice as part of Sherwood Mortgage Group.
As the holiday season fades into memory, many Canadians are left with a reminder that's not so festive: holiday debt.
Overspending during the holidays is a common problem, but it doesn't have to be this way. At the Sherwood Mortgage Group, we believe it’s never too early to start saving and planning for the next holiday season.
Beginning your financial planning now can save you stress, money, and potential debt down the line. It also allows you to enjoy your holidays without the financial worry hanging over your head. By setting a budget and sticking to it, you can avoid overspending and make your holidays more enjoyable and less stressful.
Tips for Saving and Avoiding Holiday Debt
Here are some practical tips to help you manage and avoid holiday debt:
- Set a Budget: Determine how much you can reasonably afford to spend on gifts, decorations, meals, and other holiday expenses. Stick to this budget no matter what.
- Start Saving Now: Put aside a small amount from each paycheck starting now. This will add up over time and provide a cushion for your holiday spending.
- Use Cash or Debit Instead of Credit: This can help prevent you from spending money you don't have and accruing unnecessary debt.
- Compare Prices: Don’t just buy the first item you see. Take the time to shop around and compare prices to ensure you're getting the best deal.
- DIY Gifts: Homemade gifts are often appreciated more than store-bought ones. They are also usually more affordable.
- Limit Gift-Giving: Consider limiting gift-giving to children only or implementing a secret Santa system among adults.
How Sherwood Mortgage Group Can Help
Here at Sherwood Mortgage Group, we are here for Canadians like you who are looking to manage their finances better, whether it's for buying a first home, moving up to your dream home, or using the equity in your home for renovations or debt consolidation.
I can help you with a wide range of topics including comparing mortgage rates and designing a mortgage based on your needs. I treat every mortgage solution by carefully constructing a match for your unique requirements.
With access to more than 50 lending institutions, including major banks, credit unions, trusts, and other national and regional lenders, I can provide just the right mortgage solution for your needs today and tomorrow!
Before you sign on a home, talk to me. Let me help you get your approval on that first-time home buyer loan or home improvement loan squared away. When you find your dream home, you’ll have the confidence to secure it.
Remember, it's never too early to start planning for the future.
Let me and Sherwood Mortgage Group guide you on your financial journey towards a debt-free holiday season and a secure future.
This article was sponsored by Allison Cosgrove Mortgage Broker Mortgage Architects, a 2023 BurlingtonToday Reader Favourite.
