Every year on December 25, a large, bearded man flies around the world in his sled pulled by nine magical reindeer to deliver toys and treats to children everywhere. This magical man goes house to house sliding down chimneys, placing gifts underneath the Christmas trees of families everywhere. The kids rise at the crack of dawn and wake their parents with screams that Santa had come. At least that is what they have been told.


Parents wish that was the case, but they know better. Unfortunately, the presents had not magically appeared. They had been put there by mom and dad who had scrimped and saved all year to provide their children with the joy that only mountains of presents can provide.

The reality of the situation is that finances have to be carefully monitored and maintained so that the gifts could be there. Regardless of which holiday you celebrate, financial consultation firms are essential this time of year to help monitor family finances so that the children can enjoy the best holiday possible, while still staying on top of the bills.

Unfortunately, the taxman does not give everybody a month off so that they can buy gifts for their kids. The bills are due, and with the end of the year right around the corner, it is time to start preparing for any potential financial struggles that might be on the way.

ORT Consulting is a financial consulting firm that specializes in answering your questions regarding how much money you can realistically spend on your children this holiday season. It is important to have a strategy in place to manage your spending and saving decisions. Getting this strategy in place before year-end will not only ensure that your long-term financial goals are on track, but also that you have enough to pay your taxes this coming April.

The holidays are not the only thing that needs to be taken into consideration before December 31. The budget for the upcoming New Year needs to be prepared. The end of the year is the perfect time to prepare for any long-term financial changes that may appear due to any life changes that may have occurred and how they will affect the family budget.

Though tax considerations should note the main concern when developing your holiday budget, there are steps that can be taken before the end of the year to minimize any tax impact of your financial decisions throughout the year.

ORT Consulting is a firm of professionals with decades of experience helping families put these plans together so that you can ensure that your children will have the best holiday experience possible, and the taxes will be paid. For more information, please visit www.ortconsulting.com.