Tips from the Diva!

Saving money should be as high a priority as paying your bills on time.  Set a due date each month to put money in your savings account. Make sure to include this minimum saving payment in your monthly budget.

Take advantage of the Internet to plan your holiday shopping strategy. With the cost of gas, traveling from store to store to comparison shop is not economical.  Do your research online to find the best deals, discounts, and coupons before getting in your car to head out to the stores.

When making your holiday shopping list for friends and family, limit purchase of gift cards. It’s tempting to take the easy way out of searching for that perfect gift by settling on purchasing a gift card for your loved one.  However gift cards often encourage you to spend more on someone than you would if you were buying them a new scarf or DVD.

The fantastic selection of items available for sale during November and December can be tempting.  Remember to shop for others, not yourself. It’s always hard to walk away from an item you’d like to purchase for yourself! Now's the time to think of friends and family first. If you see an item you want for yourself, put it on your wish list or wait until after the holidays to buy it on sale.

Refocus your goals to ensure your short and long term financial security. 2009 is going to be a tough year for many Americans who may face job losses, rising expenses and sinking investments. If you have been saving cash for a major purchase - like a vacation, flat screen TV or other recreational toys - consider delaying this acquisition and supplement your emergency savings fund with this available cash. Now’s the time to prioritize your needs over your wants. These extra funds will come in handy and prevent you from using a credit card to cover costs for unexpected expenses such as home or auto repair and medical bills.