Have you noticed many stores are already decorated for the Holidays?  The shopping season seems to start earlier each year.  Follow these steps to enjoy your family and friends this season while preventing a financial hangover in January

• Make a list – write down each person you are shopping for and a few items they like or need. Include the highest dollar amount you are willing to spend on each person.
• Redeem credit card points – many credit card companies issue points for every dollar spent. Redeem these points for gifts or gift cards.
• Start early – Shop sales throughout the year for the Holiday Season. Keep a written log of each gift purchased to prevent duplicating.  Store items in a safe location and remember where it is.
• Request a wish list – ask those who you are shopping for a list of items they want or like. This is especially helpful for children.  If you are going to spend the time to shop, you probably want them to enjoy their gifts.
• Use debit cards – money is deducted from your checking or savings account without the interest expense of a credit card. You also are not able to spend more than what is available which can keep you on budget.
• Research best deals – read the Sunday paper or on-line circulars for sales of the week. Buying more than one gift at each store is more convenient too.  In addition, many on-line retailers offer lower prices than retail stores.
• Free gift wrap – many stores provide free wrapping for gift purchases. Using this service reduces your wrapping costs.  Some stores also allow non-profit or school organizations the opportunity to wrap gifts as a fundraiser.  Only a small donation is requested.  So not only are your gifts wrapped but you are giving to a good cause.

If your finances have reached an unmanageable level, you may need to speak with a bankruptcy or asset protection attorney.   Ronald A. Luzim understands that financial needs of each client is different and offers personal service for each case.  He works with his clients to ensure they understand all their options and risks and pursues the most effective path to debt relief.  Ronald A. Luzim, a former estate and tax attorney with the IRS has been practicing law since 1974 and specializes in the areas of asset protection, bankruptcy, business and estate planning and is also a certified family law mediator and approved insurance mediator with the Department of Financial Services.  Please contact his Coral Springs office at 954-755-1500 for assistance in protecting yourself, family and property.