The holidays are supposed to be a joyful time, but they can also be financially stressful — with gifts, social gatherings and plane tickets home, costs can pile up quickly Here are tips from experts on how to reduce financial stress during the holidays
SET EXPECTATIONS
She recommends prioritizing who gets individual gifts and organizing a gift game such as white elephant or gift pool with the rest of your loved ones. Alternatively, if you are planning to give individual gifts, she recommends allowing your family members to say which things they’d really like, since it takes the pressure and stress off of you.
This year, Lena Liu, 29, a Massachusetts-based resident physician, will give homemade bracelets to some of her friends. Whether it’s planning weekly video calls with your friend group or calling your grandma every day, Menninger suggests you think of non-monetary gifts that your loved ones will appreciate.
If your parents, grandparents, aunts or friends are hosting in their house, you could propose that everyone brings a dish, Brendel said.
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