In The Black Friday

“In the Black Friday” kicks off the NFEC’s holiday promotions that encourage people to reduce spending this holiday season and build savings instead. For parents, it offers a timely educational opportunity to teach kids valuable personal finance lessons.

“In the Black” Defined: Having more money on hand than debt. Adding to savings. Antonym: In the Red

The “In the Black Friday” also kicks off the NFEC’s holiday “Give Savings” campaign that expands on the message of #InTheBlackFriday

Use “In the Black Friday” as a Teachable Moment for Children

Leverage In the Black Friday as a teachable moment with your children. Get practical tips and download your complimentary guide “Family Money Talks – 5 Project-based Learning Activities to Teach Kids About Money”.

Gift Giving Purchase Plan

What Can You Afford

The first step in setting a holiday spending budget is asking yourself, “What can I truly afford?” Completing your budget is the first step.

Set A Total Budget

Decide on the maximum amount you will spend this holiday season. Write it down and stick to it. Your commitment to this figure is a critical step in ensuring that you meet your spending goals.

Consider What Will Truly Benefit Those You Love

Would a physical gift or money best benefit the ones you care about? Consider participating in the NFEC’s Give Savings campaign over the holidays.

Save Money By Bargain Shopping

Once you’ve set your total budget and planned your purchases, look for deals and offers that can help reduce your budget and increase your savings.

Why Participate?

People overspend during the holiday season. A Coinstar survey showed that 77% of people surveyed expected to exceed their holiday spending budget, while only 37% will implement a post-holiday budget to recover from their overspending. This overspending habit gets people off on the wrong financial foot ahead of the New Year, which can have negative impact on their finances for years.

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