139th News

Coping with Financial Issues of COVID-19 - Part 33

  • Published
  • By Randy Gerard, Personal Financial Counselor

The holidays are upon us and here are the planned briefings for November. If you would like another topic covered please let me know or schedule a private session for your topic. Please find the recurring meeting information at the end of this document.

  • 5 November – “Attention Shoppers…Holiday Spending”
  • 12 November – Promotion
  • 19 November – BRS Review

Avoid Emotional Spending During the Holidays
The most wonderful time of the year is upon us, bringing thoughts of family, friends and cherished traditions. That means different things to different people. There are nativities, twinkling trees, “parties for hosting, marshmallows for toasting and caroling out in the snow.” There are menorahs to light as night falls during Hanukkah and latkes sizzling on stoves. There are kinaras to illuminate and feasts to prepare for Kwanzaa. The list goes on.

Our traditions may differ, but they tend to run deep, tapping into childhood memories and strong emotions. And before we know it, all the cooking, shopping and celebrating can make it the most expensive time of the year! That can be especially true for service members and their families. The season may find you living away from family and friends, settling into a new duty station, celebrating long distance due to deployment, or spending money to host or visit loved ones. Emotions run high this time of year and can lead to sticker shock when the bills arrive later. Fortunately, doing some advance planning and seeking support can make a big difference.
Try the tips found in this link.

IMPORTANT ENOUGH TO REPEAT: A five-step spending plan to avoid holiday debt
The holidays can put a financial burden even on the savviest of shoppers and savers. But like most things, taking time to plan can help you avoid the stress that comes with overspending. Before you hit the mall or shop for Black Friday deals, keep reading here to learn how to make a holiday spending plan that works for you.

Don’t hesitate to reach out by phone, text, email or ask for a private Zoom session for you or your family members. Be Vigilant and STAY SAFE!

Randy Gerard, PFC
C (573) 415-6934
O (816) 236-3659

This week’s thought: “That money talks, I’ll not deny, I heard it once: It said ‘Goodbye’.” ~Richard Armour