Archive for stress

Tracking Holiday Spending Keeps Seasonal Stress Down

 

Holiday Helper Loan: Oh my garland! Tis the season to save with the 705 Holiday Helper Loan. Learn more!

Holiday Spending Hacks

Nothing is more heartwarming than seeing your loved ones’ faces light up when they open that perfect gift you (err, Santa) gave them.

Tyler’s new bike, Olivia’s new tablet and that gift card to mom and dad’s favorite steak place all add up to wonderful holiday memories… until the credit card statements show up.

The holidays will look different this year due to the COVID-19 pandemic, which is why most people will try even harder to make the season brighter for others. But, you don’t have to dip into Tyler and Olivia’s college savings to create a special time for everyone!

The most important thing to remember is to plan ahead: Have a set spending amount for gifts, wrap, entertaining, donations and travel.

Make a list and check it twice

Many are struggling financially this year, so it will be no surprise to those outside your family if your gift-recipient list is shorter this year. Once you trim your list, make a holiday treat or handmade token for those who got the cut. It really IS the thought that counts.

Once you have your list complete, figure out a realistic amount to spend on each person. Jot down a couple of gift ideas in your price range for that person.

Try the 705 budgeting tool to keep your spending in check. Click on “Trends” within Online Banking for regular monthly budgeting, but it also allows you to allocate more funds for holiday purchases. Using graphs and reports, it shows how much you’ve spent and how it will affect your budget in the months to come.

Shopping

Due to the pandemic, holiday shopping is already in full swing. Most people want to avoid crowds, so they are already hitting the malls. Retailers are well aware of this trend, and are offering pre-Black Friday sales and discounts.

Spreading out your holiday shopping over several weeks also makes it easier on your budget. Always shop with a list and keep track of your spending. As you buy your gifts, subtract from your total budget.

In addition to shopping the sales and collecting coupon codes for online purchases, know when to buy. December is the best time to buy cars, appliances, winter clothing and electronics. Also, know how much items cost before a markdown to know if you’re really getting a deal.

It is expected that online shopping will increase by 35% this year because shoppers don’t feel comfortable being in stores. Some states still have restrictions limiting retail establishments’ capacity and store hours.

If you’re shopping online, order early and expect delays in shipping. Increased shopping during the holidays will affect already-strained delivery companies. To avoid shipping delays and higher shipping costs, shop at stores that offer “buy online, ship to store” service. This service is free at most retailers, some of which offer curbside pickup.

Get the best deals on cards, decorations and gift wrap during the days right before and after Christmas. Discounts of up to 75% off can shave a lot off your holiday budget for next year.

Entertaining

Still reeling from the pandemic, most folks will host smaller holiday gatherings this year, which will save tons on food, treats and adult beverages. Many people are still working from home, so work parties and gift exchanges also will be virtual or postponed, keeping cash in your wallet.

If you’re hosting guests, keep costs down by asking everyone to bring their favorite side or dessert and include festive recipe cards with the chef’s name.

For the adults, serve a warm mulled wine or holiday punch or make one festive signature cocktail.

Use DIY decor featuring natural items, like holly and pine cones. Gather the kids and go on a hike to find outdoor holiday decorations. Not only will it save you money, but it will also give you some stress-free outdoor time with your family.

Save more by partying without plastic. Disposable plates and dinnerware are not great for the environment or your budget.

Travel

If you must travel home for the holidays, don’t forget to figure in other incidentals beyond gasoline and the cost of a plane ticket.

If you’re traveling by car, gas prices have luckily seen a steady dip. Still, the GasBuddy app can help you find the best prices for gasoline wherever you are, and you can even pay from the app. Don’t forget to figure in tolls and any emergency costs that may come up.

If you’re flying, consider baggage fees, parking and shuttle costs and the expense of ground transportation once you arrive.

And don’t forget Fluffy! You’ll need to pay someone to take care of your furry friends. The Rover app can help you find pet care options near your home.

Charitable giving

The holidays are a time for goodwill toward all. But if your budget cannot accommodate a monetary donation, volunteer your time. If you are able to make a financial donation, be sure to check that the charity you are supporting is legitimate by consulting Charity Navigator.

Keep your holidays dollars in check, and you may have some holiday spirit left over even after the last elf is packed away and the January bills start rolling in.

We at 705 FCU wish you all a happy, healthy and stress-free holiday.

Resources

https://www.forbes.com/sites/blakemorgan/2020/10/26/5-ways-holiday-shopping-will-be-different-in-2020/?sh=2def7bdd1558
https://www.thebalance.com/how-to-stick-to-your-holiday-budget-2385688
https://www.mentalfloss.com/article/60171/11-innovative-ways-track-your-holiday-spending
https://www.hgtv.ca/entertaining/photos/holiday-entertaining-on-a-budget-1922279/#currentSlide=1
https://www.moneycrashers.com/create-holiday-budget/

8 Ways to Beat the Holiday Stress

Ho Ho Holiday Specials Make the holidays jolly and bright with our Holiday Auto and RV Loan Special, Holiday Helper Loan, or Skip-A-Pay! Learn more.

‘Tis the season to be merry-except sometimes, it’s not.

While the entertainment industry would have us think the holidays are always full of good cheer, lots of laughs and warm feelings, the reality can, unfortunately, be otherwise.

Sometimes, all that frenzied consumerism, party-hopping and crazy schedules can bring out the worst in the people we love. Other times, a challenging life situation, such as a recent divorce, death in the family or financial struggles, are painfully magnified when everyone around you seems to be in such wonderfully high spirits.

No one wants to be the Grinch on Christmas. So, if you tend to feel stressed or down when the holidays roll around, here are eight tips to help you turn that frown into a genuine smile.

1. Watch the buck

Nothing kills the holiday cheer like a mountain of debt. Stick to a budget when doing your holiday shopping and only spend what you can actually afford. Be extra careful not to overspend as the holidays draw near, and you’re experiencing pressure to finish your shopping in time. If you find yourself running low on funds, consider arranging a gift exchange, like a Secret Santa, or giving some homemade presents this year.

2. Give back

The holidays can sometimes leave us feeling down because of all that emphasis on the perfect gifts. Opening up a present is always a thrill, but giving to others creates lasting joy. In fact, according to the American Psychological Association, one of the best ways to reduce stress is to give back to your community.
Beat the stress this season by sharing holiday cheer with those who are less fortunate. There are so many ways to spread joy! You can bring some toys to the children’s ward at the local hospital to brighten up a sick child’s holiday. Use your time off from work to volunteer at a soup kitchen. Dress up your family in their ugliest Christmas sweaters and holiday hats before visiting the closest nursing home to put a smile on the residents’ faces.

When you give, you always give most to yourself.

3. Stick to a schedule

Part of the holiday experience is enjoying late nights and/or early mornings. Sometimes, though, all that lazing around and lack of quality sleep can make stress levels soar. There’s no need to be a stickler for your regular routine on the holidays, but it’s a good idea to keep some sort of schedule. Make sure you’re getting enough shut-eye, and if a physical workout is part of your daily routine, don’t neglect it over the holidays. You’ll always feel better when you’re taking care of your body. And, if you’re mindful about your habits, you may not even have those extra pounds to work off in January!

4. Party smart

Cheers! Can I pour you another glass of … soda?

If you like to party, you can end up getting sick over the holidays. All that heavy drinking and loading up on refined carbs can really do your body in. Do yourself a favor this year and watch what you imbibe. Enjoy a glass or two of your favorite alcoholic beverage, but try to keep the drinking to a minimum. Similarly, it’s OK to break your diet over Christmas, but it’s best not to go overboard. You don’t need to feel bloated and sick to enjoy the holidays. Keep the stress out by treating your body well.

5. Delegate

Are you hosting a crowd this Christmas? Guests can be great fun, but all the extra work can bring your stress levels through the roof. Here’s the good news: You don’t have to do it all! There’s nothing wrong and there’s everything right with asking for help. Don’t feel bad about having your guests and family members pitch in with cooking and cleaning. They’ll feel better, too, when they’re sharing the workload. Plus, everything is easier when there are more hands on deck.

6. Take some “me” time

Whether you’re a closet introvert or you just need some time alone each day, the nonstop partying and a house full of guests can get to you after a while. It’s always a good idea to take care of yourself, and in the chaos of the holidays this need is often neglected. Consider running out to get yourself a manicure, taking a solitary half-hour walk or just locking yourself in your room after a long and loud day to savor the peace and quiet. You’re not being an antisocial snob if you need your “me” time; you’re just being human.

7. Give up the guilt

If you tend to overanalyze every interaction you have with family and friends, you can really beat yourself up over the holidays questioning everything you’ve said. Try to relax and to let go this season. So long as you’re reasonably pleasant and agreeable, you can give yourself a break.

8. Lower your expectations

A common cause for holiday stress is unrealistic expectations. It’s best not to build huge castles in the air by keeping your expectations to a minimum. There will probably be some minor, or even major, stressors this holiday, and not everything will turn out exactly as planned. All of that is OK. If you don’t expect perfection, you won’t be struggling with mountains of disappointment this holiday.

Beat the blues and put the cheer back into the holidays this year!

Here’s wishing you a Merry Christmas from all of us here at Section 705.

Sources: 

https://www.psychologytoday.com/us/blog/life-without-anxiety/201212/10-tips-surviving-the-holidays
https://www.symptomfind.com/health/holiday-stress-management/
https://www.huffpost.com/entry/holiday-stress-tips_b_790222
https://www.apa.org/helpcenter/parents-holiday

Job Security: Four Practical Ideas For Making Yourself Indispensable

Job security can do wonders for your morale and your peace of mind.

Unfortunately, 40% of Americans fear they will lose their jobs in the next 12 months, according to a Pew study.

That’s bad news both for companies and their employees. Workers who worry about their job security are less likely to be effective. It”s exhausting to worry about your job constantly, and when you’re exhausted, your work suffers.

Fortunately, there are steps you can take to improve your position at work. Try these four ideas to boost your value to your employer!

1.) Become an expert

coffee cup on desk with computers

Photo Credit: Pixabay http://ow.ly/W0S0305jgWZ

Offer specific knowledge that no one else can. Become the go-to person in one essential area.

Learning everything about one of your company’s biggest clients, or every facet of a popular product or service, can give you a strong advantage. Being an expert in a field that fits into every part of your company is a great way to make yourself indispensable.

When choosing an area for skills development, try to focus on business segments that are growing. Look for places where there’s new hiring or promotions. Those represent the future of the company, and you want to be right there in the thick of it.

2.) Help others

Help others because you’re a team player, not because you’re expecting them to turn around and help you again. This positive attitude is another strong asset that will stick in the minds of managers making tough personnel choices.

When it comes time for companies to make tough decisions about who to keep, they often look for flexible people. Downsizing is easier if you’ve got people who can easily flip between job functions. Helping others deal with their workloads can demonstrate that kind of flexibility. In the worst case scenario, having one more person calling you indispensable because you’re always there to help them can only benefit your job security.

3.) Master a system

New technology is often the bane of businesses. When importing a new system, piece of equipment or software tool, it takes time to train employees to use it. Worse yet, if no one knows how to use it, the considerable capital expense invested in it is basically wasted.

You can help prevent that waste by learning a system better than anyone else. Become the resource person for a piece of technology that’s instrumental to your business. It could be a data entry system, a new machine or a network resource. That puts another tangible value behind your attachment to the company: The machine or system is useless for the time it would take to train someone new.

4.) Develop your soft skills

New people can be trained in just about anything, and they might be able to do it better than you. Younger workers may be willing to do the same work for a lower salary, or have more recent knowledge about an industry. What they don’t have is an integration in company culture that makes work easier. You can develop that integration by working on the “people skills” that help the workplace function.

This could be as basic as knowing names and building relationships in other departments, or as involved as taking a course in interpersonal communication. Become the co-worker everyone wants to work with. While you still need to keep your job-specific knowledge up-to-date, maintaining relationships with your colleagues and clients is just as important.

SOURCES:
http://www.forbes.com/sites/lisaquast/2016/02/15/bulletproof-your-position-10-tips-for-improving-job-security/2/#bae83e338e7f 
http://www.ioatwork.com/when-does-job-security-affect-job-performance/ 
http://work.chron.com/job-security-influences-job-satisfaction-performance-30781.html 
http://www.pewsocialtrends.org/2016/10/06/the-state-of-american-jobs/

×

The 705 FCU branch is open and ready to serve you! Contact us.