Inflation has caused many of us to struggle with our finances throughout the year—and now, we’re facing even more seasonal expenses from buying presents or even higher utility bills because of heating.

You may ask yourself, "Is it even possible to have a financially stress-free holiday?"

Yes! Even though there are more financial expenses, you can create a budget and get creative with your resources to avoid unnecessary spending. Our simple tips will help you lower costs and enjoy a financially stress-free holiday.

Enjoy A Stress-Free Holiday Season

1. Make A Budget And Follow It!

If you don’t have a budget, you’re more likely to overspend and feel overwhelmed by bills at the end of the month. You may even run out of money before payday and panic about where to get cash to cover your basic needs.

So, a budget is essential for a financially stress-free holiday. You can use any system that works for you:

• Pen and paper
• A free financial app like Mint
• Google Sheets
• Microsoft Excel or Word

If you manage your budget with another partner, sharing the app or document and updating it with your expenses is best. It will also help you troubleshoot problems together, such as determining where to eliminate expenses when you overspend in a specific category.

2. Look For Coupons And Sales

Always compare prices from different stores. Though expenses go up at this time of year, you can also find more sales, discounts, and other holiday promos. You can even use apps like Dosh or Honey that compare prices and aggregate coupons from different brands.

Just don’t be caught in the “Sale Trap.” This is where you’re offered such a huge discount that you’re tempted to buy something you don’t need or didn't plan to buy yet. Stick to your shopping list, and you’ll stay on track for a financially stress-free holiday.

3. Give Time Instead Of Gifts

Ask your family and friends if they’re willing to replace the traditional exchange of gifts with meaningful activities.

Here are some fun ideas: 

• Host a potluck party at home
• Go camping
• Take a quick road trip to the nearest nature reserve or outdoor attraction.

Even if you have to spend a little on gas or entrance tickets, it’s still cheaper than buying presents for the whole family. Everyone can enjoy a financially stress-free holiday and make plenty of priceless memories along the way.

4. Don’t Be Afraid To Say “No”

You spend a lot of time and money going to holiday parties and events that you don’t even enjoy: the after-work socials, the reunions with relatives you can't stand, the obligatory meet-up with old friends that you don’t even have a lot in common with anymore.

Why are you forcing yourself to attend these social gatherings? Learn how to say "No" and prioritize the activities that matter to you. You’ll spend less money and enjoy your time more. After all, how many times have you dragged yourself to an event and thought, “I would have had more fun at home?”

5. Scale Down And Simplify

There’s always a way to simplify a tradition and ease your financial burdens. Here are some examples:

• Holiday food. Look for affordable dishes for your Christmas Day feast, or serve one grand dish while keeping the other dishes more low-key.
• Holiday décor. Make your own décor or buy them secondhand or from warehouse stores. Don’t buy from specialty home stores, which are typically more expensive.  
• Entertainment. Attend New Year’s fireworks at the local park instead of going to a paid event. Check your city or community calendar for announcements of free events at parks, museums, malls, and more.
• Presents. Make DIY gifts like cookies, scented candles, or soaps instead of buying presents at a store. You can also do group gifts or play “Secret Santa."   

Minor changes to old traditions can significantly lower costs and pave the way for a financially stress-free holiday.

Get A Car Title Loan For Financial Emergencies

Emergencies can happen to anyone, anytime.

It can be caused by harsh winter weather, which is common in Missouri, where temperatures can drop to as low as 20 degrees. A big snowstorm can damage your roof or freeze your pipes, forcing you to spend a fortune on plumbing.

Personal emergencies can strike, too:

• Medical bills
• A backlog of utility bills
• Sudden moves
• Important unexpected travel.  

When this happens, you can quickly apply for a car title loan with Missouri Title Loans, Inc. and potentially receive up to $15,000. You can even apply if you have a bad credit score, and you don’t need to ask someone to co-sign the loan.

Our car title loan uses your vehicle title as security for the loan. It just needs to be registered under your name and have no lien or legal claims standing against it.

Here's how to apply:

1. Fill out our online form.
2. One of our friendly and efficient loan reps will call you back to explain how a car title loan works.
3. Arrange a time to meet at a location of your choice---no store visit required!
4. Present the following items to our loan representative:

• • Your vehicle title
  • A valid government-issued ID
  • The vehicle for inspection

After reviewing your documents and inspecting the vehicle, you'll find out how much you qualify for!

Approval and payouts are fast. The entire process can take as little as 30 minutes, and you can get your money the same day or the next business day. Drive away with your cash and car—and continue enjoying your financially stress-free holiday.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.