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AARPTeri
AARPTeri
Community Manager
October 22, 2020

Ask the Expert: Saving During the Holidays

  • October 22, 2020
  • 7 replies
  • 14434 views
Ask The Expert: Saving During the Holidays, November 2- November 13, 2020.

 

Do you want to get great advice on how to control your budget during the holidays?  

 

Our expert, Martin Booker will be here answering your questions and showing you how to save during the holidays including how to find small ways to save and why saving is important!

 

Martin will be answering your questions from Monday, November 2 - Friday, November 13, 2020 here.  Feel free to post your questions early!

 

Martin Booker is a member of AARP’s financial resilience team, leading financial education initiatives focused on social security, budgeting and investing. Before joining AARP, Martin worked in the non-profit sector where he developed a passion for helping people improve their money habits. He has a master’s degree in social work from the University of Connecticut and earned a Certificate in Financial Planning at Georgetown University.

 

 

    7 replies

    MartinBooker
    MartinBooker
    Contributor ⭐⭐
    November 3, 2020

    I'm so excited about having this conversation! Right now is a good time to look ahead and plan your expenses based on your income. I look forward to sharing tips and tricks all week on how to control your budget during the holidays. Your first tips as follows:

     

    Make a list of every event and cost associated for the remainder of the holiday season. One time expenses tend to be one of the biggest budget busters for people. A one-time expense list is a helpful resource to merge into your budget. 

      2Papa
      2Papa
      Contributor ⭐⭐
      November 5, 2020

      Events?  What events?  With the pandemic, the holidays are all but cancelled!

        MartinBooker
        MartinBooker
        Contributor ⭐⭐
        November 5, 2020

        Great point @2Papa ! Which could lead to another point:

         

        While the holidays will lack travel and big gatherings due to the pandemic, we have to be careful to not overcompensate with gift giving. In many cases, we may try to go above and beyond, because we can't physically see our loved ones. This is a good time to use the money saved from a flight home to see family, to pay down debt, save money or invest in a child's college savings. 

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