The Rachel Cruze Show avatar

Dexa/The Rachel Cruze Show

Learn more
Published Dec 25, 2023

Expert Tips to Become Financially Smarter in the New Year

Rachel Cruze offers practical financial wisdom for the new year, drawing inspiration from holiday lessons to guide budgeting, investment, and smarter spending strategies, all aimed at achieving a debt-free and prosperous financial future.
Episode Highlights
The Rachel Cruze Show logo

Topics covered

Popular Clips

Episode Highlights

  • Budgeting Tips

    emphasizes the importance of budgeting and spending wisely during the holiday season. Drawing lessons from classic Christmas movies like "Home Alone 2" and "The Santa Clause," she advises against relying on credit cards to avoid the January bill shock and suggests using debit cards responsibly to prevent overdraft fees 1. Rachel also warns against falling for holiday advertising and buying gifts that may not be appreciated, urging thoughtful spending instead 2.

    Make sure you're not just wasting your money on a gift for somebody that you know they're probably not gonna use or don't even want.

    ---

    By sticking to a budget and avoiding unnecessary expenses, you can enjoy the holidays without financial stress.

       

    Family & Gratitude

    Rachel highlights the value of family and gratitude over materialism during the holiday season. Inspired by "The Grinch," she reminds us that Christmas is about the people we cherish, not the gifts we exchange 3. This perspective encourages us to invest time and love into our relationships, creating priceless memories rather than focusing on material possessions.

    Christmas is really about the people you are spending your time with.

    ---

    By prioritizing family and gratitude, we can foster a more meaningful and joyful holiday experience.

       

    Avoiding Debt

    Avoiding holiday debt is crucial, and Rachel offers practical strategies to stay financially sound. She advises against overcommitting financially and socially, as depicted in "The Santa Clause," where trying too hard to impress can lead to unnecessary stress and expenses 1. Instead, she suggests setting realistic expectations and leaving room in your budget and schedule to truly enjoy the season.

    Leave some margin in your schedule and in your budget to actually enjoy the season.

    ---

    By managing expectations and finances wisely, you can prevent holiday debt and start the new year on a positive note.

Related Episodes