“Peek of the Week”
Halloween Commentary
October 30, 2019
October 30, 2019
Save Money with a
Green Halloween!
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,
Leif
M. Hagen
Leif M. Hagen, CLU ChFC
Leif M. Hagen, CLU ChFC
LPL Financial Advisor
Sources:
1 https://nrf.com/media-center/press-releases/social-media-influencing-near-record-halloween-spending
v
The above material was prepared by
Carson Coaching.
