Reclaim Your Financial Confidence

The holidays are often filled with joy and laughter, but hiding right below the surface for many, there are often financial strains and sometimes undue pressures looming.

You are not alone if you are feeling the pinch of rising price of goods and an increase in the overall cost of living this year. Many Americans are feeling the pinch, potentially causing their confidence to slip.

Money weaves its way through every aspect of our lives and the tradition of gift giving hits many directly where it hurts as it targets their “money scripts” or unconscious, deeply ingrained beliefs about money.

These beliefs are typically formed in childhood, absorbing messages from your family, culture, and personal experiences and they often all collide this time of year. How we think, feel, and behave around money becomes increasingly apparent and sometimes problematic when under societal and social pressure to make the holidays special.

Here are three things to consider doing to make the holiday season less stressful:

Communicate: One of the hardest but most important things to do during the holiday season is to openly communicate with those in your circle. It is especially easy to create expectations for yourself and others that can lead to anger or disappointment. It is ok to set boundaries for gift giving if your budget is tight.

Make a List: Santa got it right when he decided to make a list. The holiday spirit can easily take hold but sticking to a list and a budget for your holiday gifting can prevent a holiday hangover.

Talk to a Professional: There are many types of professionals that can help you work through the emotions of the season such as counselors or life coaches but if you are wondering what you can afford, asking a financial advisor for help prioritizing your financial goals can be a great place to start.

It is not too late to take control of this holiday season to improve your communication and financial confidence and ensure that you start the new year without a financial ‘holiday hangover.’

Talk to a financial advisor today.

Check out this recent blog post “Your Holiday Budget: 8 Tips for Smarter Spending,” or connect with a OneDigital wealth management team member to learn more.

Investment advice is offered through OneDigital Investment Advisors, a wholly owned subsidiary of OneDigital.
These materials are provided for informational and educational purposes only and do not constitute a recommendation to buy, sell, or hold any security, nor do they constitute legal, accounting, investment, or tax advice. The materials and the information provided are not designed or intended to be applicable to any person’s individual circumstances.