Making wise choices helps ease holiday financial stress - Tucson News Now

Making wise choices helps ease holiday financial stress

(Source:MGN Online) (Source:MGN Online)
MESA, AZ (3TV/CBS 5) -

The holidays can be bad for your financial health.

That's why St. Luke's Behavioral Health Center in Arizona is offering advice to help manage your financial stress this holiday season.

"If you're feeling anxious during the holiday season, the first thing you want to determine is why," said Chip Coffey, director of therapy services at St. Luke's. "Is it due to social expectations or guilt? If so, it's important to realize that it's okay to live within your means. In fact, a simple and thoughtfully-planned holiday can be the same, if not better, than a more extravagant one."

St. Luke's doctors recommend these steps to achieve that simple, thoughtful and affordable holiday:

  • Get organized. Make a gift-giving list that outlines who you will buy gifts for and what you plan on buying. Then, start gathering up coupons and scoping out deals to prepare for your purchases.
  • Stick to a budget. Determine in advance how much you can afford to spend in total. Create a gift budget for each person on your list and add up the total. If the total exceeds your budget, reduce your list or spend less on each person.
  • Get creative. Opt for a gift exchange with family and friends. Draw names from a hat so that each person is only responsible for one gift. 
  • Give the gift of time. Find a free or inexpensive activity you can do with a friend or family member. Instead of buying them a gift, treat them to breakfast.
  • Ask for help. If you're hosting a holiday party, ask guests to bring their favorite side dish or dessert. You will save a great deal of money at the grocery store.

"Stay focused on the true meaning of the holidays and, if all else fails, seek help from a counselor to manage your holiday stress before it escalates to an unhealthy level," Coffey said.

Copyright 2015 KPHO/KTVK (KPHO Broadcasting Corporation). All rights reserved.

  • Social Connect

  • Contact

    AZ Family
  • Local newsMore>>

  • Crews extinguish fire in unoccupied Tucson home

    Crews extinguish fire in unoccupied Tucson home

    Thursday, February 22 2018 9:00 AM EST2018-02-22 14:00:22 GMT
    (Source: Tucson Fire Department)(Source: Tucson Fire Department)
    (Source: Tucson Fire Department)(Source: Tucson Fire Department)

    According to a statement from the Tucson Fire Department, the house near East 30th Street and South Craycroft Road was unoccupied at the time of the fire.

    According to a statement from the Tucson Fire Department, the house near East 30th Street and South Craycroft Road was unoccupied at the time of the fire.

  • Last-minute preparations underway for Tucson Rodeo parade

    Last-minute preparations underway for Tucson Rodeo parade

    Thursday, February 22 2018 7:38 AM EST2018-02-22 12:38:00 GMT

    Dozens of people spent Wednesday afternoon putting the finishing touches on their wagons for the annual Tucson Rodeo Parade. There are a total of 81 wagons in this year's parade. Close to 2,400 people and 560 horses will be walking in the parade as well. 

    Dozens of people spent Wednesday afternoon putting the finishing touches on their wagons for the annual Tucson Rodeo Parade. There are a total of 81 wagons in this year's parade. Close to 2,400 people and 560 horses will be walking in the parade as well. 

  • UPDATE: Bond set for Tucson couple in shocking child-abuse case

    UPDATE: Bond set for Tucson couple in shocking child-abuse case

    Wednesday, February 21 2018 11:51 PM EST2018-02-22 04:51:23 GMT
    Benito and Carol Gutierrez, of Tucson, have been accused of abusing their four young adopted children. (Source: Pima County Sheriff's Department)Benito and Carol Gutierrez, of Tucson, have been accused of abusing their four young adopted children. (Source: Pima County Sheriff's Department)

    Benito and Carol Gutierrez have been accused in a disturbing case of child abuse involving their adopted children, authorities said.

    Benito and Carol Gutierrez have been accused in a disturbing case of child abuse involving their adopted children, authorities said.

Powered by Frankly