Homeland Security Department Offers Advice on 'Financially Preparing for the Holidays'

Susan Jones | October 25, 2022 | 10:40am EDT
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Homeland Security Secretary Alejandro Mayorkas speaks about climate resilience at Florida International University in Miami on August 1, 2022. (Photo by CHANDAN KHANNA/AFP via Getty Images)
Homeland Security Secretary Alejandro Mayorkas speaks about climate resilience at Florida International University in Miami on August 1, 2022. (Photo by CHANDAN KHANNA/AFP via Getty Images)

(CNSNews.com) - The Department of Homeland Security is offering financial advice to employees and anyone else who reads the department's posted news releases.

"Financially Preparing for the Holidays" is the title of the October 20 release, issued one week after the report showing year-to-year inflation increased 8.2 percent in September.

The tips include the following:

-- Develop a budget based on your normal, reoccurring expenses, plus any additional costs associated with the holidays. This will allow you to determine the amount you have available to spend without causing yourself future stress.

-- Create a list of the items you want to purchase and an estimated cost.

-- Get creative by using homemade mixes, recipes, frames, and handmade crafts for gifts.

-- Determine ahead of time how you will be paying for items (cash, credit card, savings, etc.). If you are using cash, only bring the allotted amount. If you are using credit cards remember to pay the bill immediately to avoid accruing interest fees.

-- Track your spending, this will help to ensure you are staying on budget and avoid future surprises.

-- Be a smart shopper by comparing prices and quality across different stores.

-- Plan for short-term and long-term financial goals.

-- Wherever you are on your financial journey, you can prepare yourself to make informed financial decisions with the resources from the Financial Literacy and Education Commission and the Consumer Financial Protection Bureau.

The news release suggests contacting "Your Employee Assistance Program" for additional help in managing your financial concerns. For more information, "you can reach your DHS Work-Life specialists," the news release says.

The Work-Life webpage says, "DHS is committed to providing employees and their families with resources and programs that help promote a balanced, healthy approach to life in the workplace and at home."

DHS employs some 240,000 people. "Our duties are wide-ranging, and our goal is clear -- keeping America safe," it says.

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