How to Create a Holiday Spending Plan That Works for You

The holiday season is a joyful time full of celebrations, gift-giving, and memorable moments with loved ones. But it can also be stressful if spending gets out of control. At LG&E Co. Credit Union, we want to help you enjoy the holidays without financial headaches by planning ahead. A thoughtful holiday spending plan lets you celebrate smartly, avoid debt, and still feel generous.

Why a Holiday Spending Plan Matters

Holidays often come with extra expenses that can quickly add up, including gifts, decorations, travel, meals, and special events. Without a plan, it’s easy to overspend and face credit card bills in January that sting. A spending plan sets clear limits, helps prioritize what matters most, and keeps your finances healthy.


Steps to Build Your Holiday Spending Plan

1. Review Your Budget and Set a Total Limit

Look at your current budget and decide how much you can comfortably spend this holiday season without dipping into emergency savings or going into debt.

2. List All Holiday Expenses

Write down every category where money will go—gifts for family and friends, holiday meals, decorations, travel, charitable giving, and any other seasonal expenses.

3. Prioritize What’s Most Important

Decide which expenses bring you the most joy or hold the highest value. Maybe gift-giving tops the list, or hosting a holiday dinner is your priority. Focus spending here first.

4. Allocate Your Budget Across Categories

Assign dollar amounts to each category based on priority and total budget. This keeps spending realistic and balanced.

5. Shop Smart and Track Spending

Look for sales, use coupons, and avoid impulse purchases. Keep a running total of your holiday expenses to stay on track.

Tips to Stretch Your Holiday Budget

  • Consider homemade gifts or shared experiences instead of costly items.

  • Use a dedicated Holiday Savings Account to set money aside monthly throughout the year.

  • Take advantage of credit union member discounts or holiday promotions.

  • Limit the use of credit cards or set a strict spending cap to avoid debt.

We’re Here to Support Your Holiday Finances

A thoughtful spending plan can make the difference between holiday joy and post-holiday stress. If you want to explore budget-friendly loan options, savings strategies, or financial advice, LG&E Co. Credit Union is here for you. Let’s make this holiday season financially merry and bright!


OMNICOMMANDER