The excitement of the holidays is upon us! However you celebrate, we hope you’re taking a well-deserved break and spending time with family and friends. While most people look forward to the holidays, it’s not uncommon to feel a good amount of stress this time of year. Between travelling, coordinating, shopping, cooking, and visiting, it’s easy to get swept up in all the activity. Before you set your out-of-office alert, take a moment to review the articles below for tips on getting the most out of your time off and spending it in a way that is meaningful to you.
Here’s a thought experiment: how would your priorities change if money were no object but you had little time left to live? Chances are, you’d think less about what to do with your money and more about connecting with your loved ones. This is the essence of George Kinder’s ‘3 Questions’ – and thinking deeply about your answer can have a huge impact on happiness and your finances. Because the truth is we all have limited time on this planet, a fact that we tend to ignore while being inundated with advertising and (often self-imposed) pressure to create a ‘perfect’ holiday experience. Blair duQuesnay of Ritholtz Wealth Management has some advice to help you get through the holidays and keep your focus on what truly matters.
If you’re still feeling pressured to spend, this list of specific personal finance tips may help. Nobody wants to be a Grinch, but would your loved ones really want you to throw a wrench in your cash flow by overspending on gifts and decorations? The idea isn’t to forgo presents altogether, but to pause and reflect before going overboard.
How often do you manage to get all of your family together at one time? If your children have grown up and left the nest, the answer might be: not often. No one really enjoys talking about the heavy topics involved in planning your estate. But proactively communicating with your family about financial matters – especially those important ones like your will and power of attorney – is one of the most loving things you can do. And there may be no better time to have those talks than when everyone’s together and in good spirits over the holidays.
If you haven’t set up firm boundaries with customers, clients, and colleagues, it can be hard to abruptly protect your personal time at the end of the year. And depending on the business you’re in, you may experience even more demands on your time when you should be winding down and unplugging. In this article, a therapist offers seven tips to better manage your professional responsibilities while carving out space for some guilt-free R&R.
The New Year is almost upon us, and many people use the start of a new calendar year to kickstart better habits. But being overly ambitious with your resolutions can lead to ‘willpower fatigue’ and cause you to abandon your lofty goals if you don’t see results as fast as you’d like. Tom Rath, author of Eat, Move, Sleep, argues you’re better off making small improvements in the areas of your life that will have the biggest impact on your wellbeing. By taking action in manageable steps, you increase the likelihood that your new habits will stick long after your burst of New Year’s enthusiasm has worn off.
Once again, Happy Holidays from all of us at GuideVine!