Money Saving Tips

Amazing Cheap Christmas Gift Ideas for Your Kids

Christmas, one of the biggest winter festivals is knocking at our doors. So, now is the time when all the parents are finding it hard to surprise their little ones with some amazing Christmas presents, within their budgets.

Most of the Americans are prone to spend more or less $1000 in getting different gifts to please their dear ones on Christmas. Without getting indulged in any further argument, one can easily see that this excessive amount of spending might lead you towards a troublesome condition in near future.

So, here is an easy guide for you to follow, which will make your Christmas budget friendly and fun to your kids.

Cheap Christmas Gift Ideas

Go through these following ideas to pick some mind thrifty gift items within your budget to see that beautiful smile on your kid’s face.

Bedtime Story Books

The number of kids who don’t like story books is quite low. In fact, it would be difficult for you to locate even a single child, who does not prefer to hear stories at bedtime. Thus, if you are thinking about buying a Disney Princess book for your lovely daughter as a Christmas present, you are on the right track. You can also look out for some other story books too, if your little ones are not into princess stories.

Pretty Little Dolls

When it comes to pick a wonderful Christmas gift, it is bound that your eyes will definitely try to find some pretty little dolls for the real sweetheart of your house. The list will seem empty without any character of the famous animated movie Frozen. So, think about making her happy by giving a Frozen Sparkle Princess to your dear daughter. Thus, you can easily make your precious one smile with joy by giving her a unique Christmas gift, that too at a reasonable price. But, you need to be aware about the small parts of the doll as they can easily get lost.

Musical Instrument

Music is that divine thing, which has the capacity of attracting everyone, even the little ones of your household. So, you can also think about giving them their desired musical instruments to let their talent flourish. The little piano, the colorful wooden xylophone can also be an option for you. Let the musical journey of your little one be started by encouraging him or her to play the musical instrument more enthusiastically.

Shape Sorter

Christmas is that special occasion of the year, which provides you with an innumerable opportunity to be with your dear ones for making the holidays meaningful. Exchanging Christmas presents is another custom followed by a lot of people that reflecting our love. Education is the best possible gift, which a parent can give to their children. Along with helping them in sharpening their skills, you can also make them utilize their thinking power by gifting them a Shape Shorter. The product made with 100% recyclable plastic will also make your kid stay on the safer side. In spite of providing knowledge about different shapes of the universe, this amazing gift will also entertain the creative minds of the kids at the same time.

Radio Control Cars

This is that time of the year when you can feel that urge to make your close ones happy by providing them with some amazing gift items. So, if you are a parent and willing to make your kid smile with joy on this Christmas, think about providing him with a cool radioactive car. A radioactive car, comes with other attachments will definitely mesmerize your kid, that to without upsetting your budget.

Fashion Accessories

Another cool gift for your baby girl might be some trendy fashion accessories, which will make them look cuter. Pretty little hair bands or clips might make them look absolutely gorgeous. Any girl, who would like to dress themselves up according to the modern trends, will definitely appreciate the choice of your gift. The number of different colorful accessories will make your little one look more beautiful. Within your limited budget, you would be able to find a unique Christmas gift for your dear little princess.

In order to stick with your monthly budget, you need to control your habit of expenditure on unnecessary items on this Christmas. It is true that, Christmas is a special occasion, which brings a lot of happiness in your life. But, spending too much money in buying gifts for your kids can never be a good idea.

Check out all the online shopping portals for availing the best deals. With the help of the above mentioned shopping guide, it would be easier for you to choose that particular gift item for your kids, which will make them smile with delight.

Personal Finance

8 Expert Financial Planning Tips For 2018

With the onset of New Year, it becomes a huge task to re-create or modify your financial goals for a better saving.  Everyone gear up to plan their financial goals so that the upcoming year yields better results than the previous. If you’re a beginner, then you might be baffled with where to begin.

Here are 8 financial planning tips from the leading financial planning thought professors and leaders that can guide you to take your financial planning to a noteworthy stage.

Financial Planning Tips

8 expert financial planning tips for a financially secure future:

Boost up your retirement savings:

The best thing that would make you financially secure is having enough savings in your retirement account (401(k) or IRA). There are simple yet powerful ways to boost your retirement savings.

Professor David Littell from the American college of Financial services, shares the 3 secrets to maximize your retirement savings. They are:

Secret 1:Put your savings on autopilot

In order to auto-transfer a part of your money towards your saving, you can choose from options such as paying down a mortgage, automatic monthly withdrawal from your checking account or salary deferrals to 401(k) plans.

Secret 2: Fully utilize the tax

Utilize the advantaged retirement vehicles such as IRAs and Roth IRAs to the best extent possible.

Secret 3: Shhhhh…..

The best thing to do is forget that you have this money!!!

Handle your debts wisely to become debt-free!

Each one of us wishes to be debt-free but might not have a strategy to work on. If you wish to stay clear of debts, then you need to have a strategic debt management plan. The debt management plan includes paying off the most expensive debt first and then followed by the less expensive ones.

Look for long-term investment plans

As stated by Professor Robert R. Johnson, President and CEO, The American college of financial services:

“Success in investments is a marathon and not a sprint.”

In the initial stages, you might look for options to get immediate return which is actually quite difficult. Firstly, you need to have an investment strategy and stick to it irrespective of the market conditions. The success in stock markets can be achieved by showing up and sticking to it for the long-term.

Engage your loved ones in money matters

It is always good to have transparency in any relationship especially in the context of money matters. Hiding financial secrets can have a negative impact on your relationship. Building a shared financial vision about future goals can strengthen your relationship and it would become easy if you have extra contributions to it. As a parent, take time for your kids to teach them about handling money as this can be a foundation to their upbringing.

How about reallocating your investments?

It’s never too late to reallocate your investments. If the current plan doesn’t work well for you, it’s no harm to try a different option. Keep an eye on the market trend and update your investment portfolio accordingly.

Review your insurance coverages

When did you review your insurance coverage last time?

If you haven’t thought about it, do it now and often on a regular basis. It is always better to ensure if the coverage amount is still consistent with your original needs. You need to review all the insurances that you have enrolled yourself in such as life insurance, health insurance, car insurance, disability insurance and house or any property insurance. Insurance is one of the crucial factors for a financially secure future. 

Find ways to maximize your flexible spending accounts(FSAs)

Most employers offer a range of flexible spending accounts (FSAs) such as dependent care costs, medical expenses etc. It would be wise of you to make the best use of these options and grab it once offered. The best thing about saving in these accounts is that there is no tax for this money. So, start looking for ways to maximize your FSAs so that you can save thousands of dollars in tax savings.

Don’t neglect your estate plan!

The 2 key factors in comprehensive financial planning are estate planning and emergency planning for families. Every one prepares for the emergency and saves some amount as emergency fund. But why neglect an estate plan? I might sound quite depressing to prepare in advance for premature death planning. But what will happen to your family needs and will there be any assets to take care of your final expenses along with your family needs.

Summing up

A proper workable plan is a powerful tool in financial planning. We have shared quite a few important tips that would help you build the right plan towards a financially secure future. The motto is simple try to clear debts fast, automate your savings and calculate all expenses.