Ohio Department of Commerce Releases Free Holiday Gift Budgeting Guide to Help Residents Save

The Division of Financial Institutions of the Ohio Department of Commerce is offering financial assistance and peace of mind as the holidays approach. For all Ohioans who want to get through the holiday craze without going over budget, they have provided a free Holiday Gift Budgeting Guide.

According to the Ohio Department of Commerce, “consumer spending during the upcoming winter holiday is expected to reach $902 per person on average,” quoting a National Retail Federation (NRF) statistic. That’s a significant $25 gain over the prior year, which might not seem like much, but when you’re counting every penny, it adds up. The budgeting guide provides helpful advice on everything from how to handle the additional expense of holiday meals and decorations to how to purchase gifts.

The guide would be read by Ohioans for its wealth of financial knowledge. It’s more than just a summary of how to occasionally save money. The goal of the handbook is to foster a more comprehensive understanding of financial literacy and accountability, especially during periods of high consumer activity. Advice that is appropriate for both novices and experts in the field of finance will benefit everyone.

The guide will be especially helpful to parents because it focuses on teaching children creative money management techniques. The Ohio Department of Commerce claims that the holidays provide “a range of financial tips and practical advice related to preparing for and managing holiday expenses.” Families may teach their children about value, thrift, and foresight while embracing the spirit of the season by using the holiday season as an educational opportunity.

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