Expert Tips to Avoid Financial Stress During Holiday Season

Last updated Dec 13, 2025

Preventing Financial Stress During the Holiday Season

Feeling overwhelmed with the mounting expenses of holiday season travel and gift-purchasing? You’re not alone, says Lindsay Bryan-Podvin, a financial therapist and host of the Mind Money Balance podcast.

Navigating a Tough Economy

With an increasingly difficult job market, rising student loan and credit card debt, and inflated prices due to economic inflation, managing your finances during the holidays can feel challenging.

Smart Spending During the Holidays

Use the holiday season as an opportunity to practice mindful spending. Remember, money isn’t the only way to show your love for friends and family, there are other ways to make the holiday season special without breaking the bank.

Expert Tips for Avoiding Financial Stress

We provide top expert recommendations to prevent financial stress over the holidays. From sticking to a budget to creating new traditions, learn how to manage your holiday expenses smartly.

Setting a Holiday Budget

Establishing a budget for holiday expenses can prevent overspending on gifts, decorations, and other holiday costs. Include expenditures like travel, shipping and seasonal tipping. Adhering to the budget is as crucial as establishing it.

Scouting for the Best Deals

When shopping for holiday gifts, look for sales, coupons, or other holiday discounts to reduce your overall spending. Various browser extensions, such as PayPal Honey and Rakuten can help you find the best deals.

Prioritizing Your Holiday Activities

Not all holiday activities need to be expensive or stressful. Determine what matters most to you this season. Prioritize activities based on your enjoyment and available budget rather than societal pressures to partake.

Saying No Can Be Good

The holiday season can be overwhelming with invites to work parties and family functions. Remember, it’s okay to say no to maintain your financial and emotional health. Being open about your financial situation can help set expectations for gift exchanges and activities.

Creating Your Own Traditions

Creating new, cost-effective traditions can be a great way to celebrate the holidays. These can range from a fun family pancake morning to a homemade gift exchange, allowing you to focus more on creating memories rather than spending money.