SMART CHRISTMAS SPENDING

This month Steve Bentley, CFP, of Northern River Financial shares his Smart Christmas Spending blog post.

What’s one thing that people do not want to experience during the Christmas season? Stress! The current commercial buildup to the festive season is so intense that some people get more stressed the closer it gets. The holiday should be about family, friends and thankfulness. Instead it is often one big sales pitch.

Maybe it is the season to start trimming your budget and not just your tree. Canadian Living magazine reported that the average adult plans to spend $766 on holiday gifts in 2016. That’s a huge chunk of change. About 27 percent will spend over $800, while 23 percent will spend $200 or less. This is indicative of the changing public mindset of spending. Consumers with big eyes are now wary of a volatile economy and consequently putting too much of the holiday season on plastic. This means more restricted budgets.

Click to read the rest of Steve’s Smart Christmas Spending post and learn several ways to keep your spending under control this December.

Northern River Financial is an integrated financial life planning firm with over 25 years of building long-term trusting relationships. We partner with some of the largest brokerages and financial services firms in Ontario and have the expertise to accommodate the needs and goals of both aspiring and seasoned clients. Our vision is inspired by our deep-rooted philosophy to enhance and enrich the lives of our clients and their families through diligent life planning, exploring new opportunities, and providing prudent advice and integrated well-managed solutions.

You can contact Steve Bentley by email at info@NorthernRiverFinancial.ca