Expert Tips: Managing Financial Expectations This Holiday Season

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CLEVELAND — The pandemic means fewer people may be gathering around the table and fewer gifts may be under the tree this year.

What You Need To Know

Cutting out smaller presents like stocking stuffers or opting for homemade gifts are some solutions to not break the bank this year
Experts said budgeting is the key to smart holiday spending
An investment advisor representative said finances are a personal family matter, one that varies from family to family and should be handled with love and compassion

But ready or not, the holiday season has arrived, which may cause some financial stress for families.
“This holiday season is not going to look like it’s looked in the past. You know, a lot of families are really struggling out there. So, I think setting expectations is going to be a really big point there,” said Phil Huff, CRPC.
Huff is the vice president and investment advisor representative at Independence Wealth Advisors near Cleveland.
He sees 2020 as a chance to reflect on the reason for the season.
“The focus needs to be away from the material items, especially in a year like this year, and focus more on connecting with family whether it …

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