Holiday Spending: To Give -- or Not to Give?
MANHATTAN, Kan. -- The holiday season brings pressure to spend, but making a commitment to be financially responsible is likely to pay dividends.
Urging financial responsibility isn't the same as saying "Bah, humbug," said Carol Young, Kansas State University Research and Extension financial management specialist.
Initiate a conversation with family, friends and, depending on the situation, co-workers about gift giving before spending, she said.
While some families and friends will be comfortable drawing names, limiting the cost of gifts or gifts for children only, no one decision is right for every situation, said Young, who encouraged keeping the discussion upbeat, but practical.
Co-workers might decide to skip gifts and go out to lunch together or plan an office potluck to mark the holiday, and share food and fellowship without running up a bill, she said.
Be positive and creative, said Young, who encouraged initiating the conversation early in the holiday season so that everyone will be on the same page.
More tips on managing money successfully are available at local K-State Research and Extension offices and online: www.ksre.ksu.edu/financialmanagement.
K-State Research and Extension is a short name for the Kansas State University Agricultural Experiment Station and Cooperative Extension Service, a program designed to generate and distribute useful knowledge for the well-being of Kansans. Supported by county, state, federal and private funds, the program has county Extension offices, experiment fields, area Extension offices and regional research centers statewide. Its headquarters is on the K-State campus, Manhattan.
Story by: Nancy Petersonnancyp@ksu.eduK-State Research & Extension News
Carol Young is at 785-532-5773