Is Maintaining Holiday Traditions Stressing You Out?

A financial adviser who’s been there, done that offers some tips on how to manage expectations, start new traditions and monitor holiday expenditures.

A woman wearing a Santa hat sits with her head down on her desk.
(Image credit: Getty Images)

As seasons change, so do family dynamics. Although we aim to embrace each new season of life, few changes are as emotionally charged as shifting holiday expectations. These shifts, and attempting to ignore them, can have financial repercussions as well.

Many factors contribute to a new family dynamic — loss of a loved one, divorce, new family members and geographical moves, to name a few. When added to the stress and anxiety that often accompany our traditions, what should be the best time of year can become the most challenging time of year. As the holidays come into full swing, it is important to acknowledge the impact they have on your mental and emotional well-being.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Kelly Gallimore, ChFC®, CES®
Wealth Manager, Merit Financial Advisors

In July 2021, Kelly joined Merit Financial Advisors, bringing 19 years of experience in the financial services industry, as well as human resources and team development. A student of Behavioral Finance, she incorporates various tools to provide insight into clients’ own financial views and how their innate strengths and struggles can influence decision-making and ultimate success in reaching goals. In addition to traditional tenants of wealth management, Kelly specializes in estate planning and administration, guiding families as they consider personal and financial legacies.