Family and Faith Magazine (Christmas Edition) | Page 7

PARENTING

SPENDING TIPS
FOR

Christmas

D

uring the Christmas season, it is common for many Jamaicans to indulge in excessive spending without utilizing a portion of their
savings to reinvest for the future. At FHC we encourage you to maintain a financially savvy attitude that will motivate you to achieve
your goals. We share with you five tips as you enjoy the holiday season.
1. BUDGET WISELY
The sacrifices you have made throughout
the year have now borne fruit and are
ready for harvest. Do not spend all your
savings and splurge unnecessarily during
the festive season. Create a budget and
itemize items such as home, gifts, events,
debts, etc. Secure a minimum of 30%
of your budget for long term savings.
At FHC, our Golden Harvest and the
Prosperity Plus Savings Accounts offer
very attractive returns.
2. GET THE FAMILY INVOLVED
Family is important and oftentimes their
input is invaluable. Meet with them and
discuss the budget. They can give you ideas
on places to shop and disc