How to Keep Your Finances in Check During the Holidays

The holiday season is a time for fun, family, and, unfortunately, expenses. To make sure you enjoy every moment without stretching your finances, here’s a guide with some easy-to-follow tips that’ll help you stay on track.

1. Create a “Stress-Free” Holiday Budget

Start by listing all the expected costs—gifts, meals, decorations, and travel. Breaking it down like this helps you set clear limits and avoid impulse buys. Planning each category of expenses keeps you focused on what matters most, so you can have a good time without financial stress.

2. Prioritize Your Spending

Make a list of holiday essentials that are meaningful to you, whether it’s family dinners, a weekend getaway, or a cozy night in. Planning for these must-haves helps you budget wisely for things that’ll make this season memorable. Focus on what truly counts, and you’ll still have a festive holiday without going overboard.

3. Take Advantage of Deals Early

Holiday sales like Black Friday and Cyber Monday offer huge savings on gifts and seasonal items. Sign up for your favorite stores’ newsletters, as they often give subscribers early access to discounts. Plus, using your digital card in your mobile wallet makes it easy to monitor and track all your holiday spending in one place.

4. Keep Your Wallet Debt-Free with Debit Instead of Credit

Using your debit card instead of credit is a smart way to keep holiday debt at bay. Sticking to what’s already in your account keeps your spending on track and helps avoid those January surprises with high interest. For easy tracking, consider adding Dora’s digital debit card to your mobile wallet, so you can monitor every purchase in real-time and stay debt-free!

5. Ensure Your Checking Account Is Ready for Holiday Shopping

Having funds ready in your account means fewer worries about last-minute expenses. With Dora’s direct deposit, you could even receive your paycheck up to two days early—just in time for holiday shopping! Planning ahead like this lets you enjoy the season knowing you’re well-prepared for any unplanned buys.

6. Save Money Using Cashback Apps

Cashback apps, like Rakuten, Ibotta, and Honey, can give you rewards on your purchases—perfect for stretching your holiday budget. Simply sign up, shop through their links, and watch your cash rewards add up. These savings can help offset holiday costs or go toward a little treat for yourself!

7. Get Creative with Gift Giving

DIY gifts or experience-based presents, like a dinner out or a movie night, are fun, meaningful, and budget-friendly. Handcrafted items feel more personal, and shared experiences create memories that last longer than any item.

8. Prepare for Next Year’s Holidays in Advance

Once this season wraps up, start a holiday fund for next year. Putting aside even a small amount each month in your account will set you up for a low-stress holiday next time around. By next December, you’ll be glad you planned ahead!