Americans expect to spend $8.8 billion on costumes, decorations,
candy, and other Halloween purchases, according to the National Retail Federation.1
That’s enough money to purchase the New England Patriots ($3.8
billion), the Los Angeles Dodgers ($3.3 billion), the Hannah Montana franchise
($1 billion), Balmoral Castle in Scotland ($140 million), a private jet ($150
million), and still have a few hundred million left for incidentals.2, 3
If you’d like to save on this holiday so you can spend your
money on items with lasting value, consider going green. Taking an eco-friendly
approach to Halloween could help you spend less without sacrificing spookiness.
Here are a few suggestions:4, 5
- Swap costumes. Host a costume swap. Invite friends, family, or your entire neighborhood. The more guests, the greater the variety of costumes and sizes.
- Skip the candy. Green America reported children appreciate bubbles, polished stones, recycled pencils, and friendship bracelets.
- Use your ingenuity. Instead of scaring your neighbors with pricey, electric-powered inflatables from a big box store, use your ingenuity. Hang tin can ghosts in trees. Cut eyes in toilet paper tubes and use glow sticks or LED lights to make it look like wolves are peering from your bushes. Fill black trash bags with leaves raked up from your lawn and add yellow eyes for a spooky cat.
You can take any money you save and put it in a college savings
account for your kids, a start-your-own-business fund, or a retirement account.
If you’d like some more great saving ideas, give us a call.
Happy Halloween!
Best Regards,
Womack Investment Advisers Team
WOMACK
INVESTMENT ADVISERS, INC.
Oklahoma / Main Office:
1366 E. 15th Street - Edmond, OK, 73013
California Office:
4660 La Jolla Village Dr., Ste. 100 - San Diego, CA 92122
Phone (405) 340-1717 - Toll Free (877) 340-1717
Website: www.womackadvisers.com
Oklahoma / Main Office:
1366 E. 15th Street - Edmond, OK, 73013
California Office:
4660 La Jolla Village Dr., Ste. 100 - San Diego, CA 92122
Phone (405) 340-1717 - Toll Free (877) 340-1717
Website: www.womackadvisers.com
Womack
Investment Advisers, Inc. (WIA) is a registered investment adviser whose
principal office is located in Oklahoma. Womack Investment Advisers, Inc. is
also registered in the State of California, the State of Illinois, the State of
Indiana, and the State of Texas. WIA only transacts business in states where it
is properly registered, or excluded, or exempted from registration requirements.
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Sources:
1 https://nrf.com/media-center/press-releases/social-media-influencing-near-record-halloween-spending
*The above material was prepared by Carson Coaching.
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