December 2013 > Saving During the Holidays

Retirement Corner

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Saving During the Holidays

While holidays are a time of family and cheer, they can also be a time of financial stress. Don’t let a merry season sink you and your savings. Here are some ideas to help you get through the holiday season with your mind and your wallet intact:

  1. Create a clear gift budget, with spending caps for each person on your list, and then stick to that list.
  2. Start early. If you start early, you have a greater chance of finding good bargains. Last minute shopping is a good way to break a budget.
  3. Pay with cash. Gift-shopping with credit or charge cards sometimes makes it harder to reign in your spending impulses. By taking a fixed amount of cash set by your budget, you are much less likely to break that budget. 

Once you make it past the holidays with your mind and budget whole and healthy, take time to visit the UT Retirement Program webpage at and make sure that you’re saving up for all of the holidays you’ll get to enjoy during retirement.