Tips to beating financial stresses of the season

The holiday season is one of the most stressful times of the year and most of that's due to finances. But you can have a good holiday season without breaking the bank. Financial experts say it just takes a little planning.

Friends Victoria Lutkowski and Molly Turnbaugh are on a mission to buy Christmas gifts and check another person off that holiday shopping list.

"Probably 20 to 30 people that I have to shop for," Lutkowski said.

Turnbaugh added, "My siblings, my boyfriend and then of course my niece and nephew because I'm an aunt that likes to spoil."

Both college students say this time of year is always stressful when it comes to funding those gifts. Turnbaugh adds at the register she ends up often buying more than just gifts for her family.

"When I go shopping I end up seeing stuff I like and I say I need to buy myself a Christmas present too, so it goes really fast and I don't get half of what I want to get," Turnbaugh said.

But financial experts say that can easily lead to a much thinner pocketbook. John Forbes, with the Forbes Financial Group, says it's best to hit the stores with a plan.

"Know what you're going to spend, try to avoid the temptation of getting out there and then making your selections," Forbes said.

Forbes says when you make those selections pay in cash. He adds cash is king when it comes to savings.  But Forbes says if you've haven't stocked dollars away for this holiday season, look for creative ways to give.

"The more you spend doesn't equal the more you love, and be discipline in your spending," Forbes said.

Still Tutorship says no matter how much she's saved fort this time of year, she still has the same feeling.

"I still don't have enough," Lutkowski added.

Forbes adds it's actually best to start saving now for next Christmas.  He suggests you take your tax return and put it in the bank where you can't touch it until December.

Copyright 2011 KFVS. All rights reserved.