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12 money tips from Christmas ‘experts’

December 18, 2007

Christmas is a week away. Have you made your list, checked it twice? Got enough egg nog?

Prepared the house for visitors or made plans to get away? No, not to escape from those heading your way, but to be a house guest yourself!

Well, time is short; just seven shopping days left! But it's still possible to get it all done, especially if you heed the words of Christmas experts.

And with that, I resort to some shameless self-promotion.

Santa_by_nast_2 I wrote a story for Bankrate last year that looked at what we could learn from folks who know this holiday best: The fictional characters we've all come to know, love and look forward to seeing each December.

I picked a dozen seasonal celebrants and explored the valuable money message that each embodied.

The story is a year old, but like the characters it features, the advice is timeless. The holiday experts include, Snoopy, Elvis, Bob Cratchit, Susan Walker, Irving Berlin, Scrooge, Buddy, the Grinch, Howard Langston, Kevin McCallister, Grandma and, of course, Santa.

Click here to find out just how the obvious and not so well-known Christmas characters can help us make Dec. 25, as well as the other 364 days, financially merry and bright.

Santa Claus image by Thomas Nast from Britannica Student Encyclopædia.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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