Live with MainStreet

Live with MainStreet – Ep. 5 Planning for the Holidays

Planning for Holidays

Posted by Anna Sergunina on Oct 20, 2016

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Planning for Holidays

1. Financial Gifting – wiring outright checks in substantial amounts. What are tax considerations? Gift tax limits? What is the timeline to get these in for 2016 tax year to benefit from deductions?

2. Donations instead of gifts – charities, non-profit organizations

3. If you want to give actual gifts – how to earn more disposable income?

4. Creating a holiday spending plan – think about where you will be spending extra money? Gifts, eating out, holiday entertainment

5. Non monetary gifts – You don’t have to spend money. Can you volunteer your time?

6. Holiday stress – tips & ideas to overcome

Anna Sergunina

anna@mainstreetplanning.com

I passionately believe that in order to live a life of fulfillment and joy, we must genuinely serve each other in any way possible. I found my mission in life to serve others via financial planning. Anna regularly writes about personal finance. Her work appears on Business Insider, Nasdaq, Nerdwallet, among others. Anna is the creator of Money Flow system.

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Live with MainStreet – Ep. 5 Planning for the Holidays