Of course, you can make your holiday season much easier, financially speaking, if you've set up a holiday fund to cover your various expenses. While it's too late to set up such a fund this year, why not get an early start on the 2012 holiday season? All you need to do is put away some money each month into an easily accessible account, separate from your everyday accounts. You don't have to put in a great deal, but you do need to be consistent, which is why you may want to have the money moved automatically, once a month, from your checking or savings account to your holiday fund. When next year's holiday season rolls around, you might be pleasantly surprised by how much you've accumulated.
But for now, following some common-sense money management practices can help you get through the holiday season in good financial shape — and that type of result can get your new year off to a positive start.
Michael Quinn is a financial advisor with Edward Jones, 25 Railroad Square, Suite 201, Haverhill. You can reach him at 978-372-4853. To comment on this column, visit hgazette.com.