Managing your money before the holidays might present the biggest challenge of the year. Leslie Boden, executive director of Money Management Counselors, says there are many things we forget about when it comes to addressing spending plans. She shares some details that many people do not account for when trying to budget their spending.

Boden adds that extra purchases that are commercially incentivized can have you spend more than initially planned. Having lists and sticking to them can help curb overspending as well. Setting boundaries and putting your spending in cash inside an envelope to keep track is an excellent way to account for your holiday budget.