18/10/2021
It’s officially Fall which means you’re already behind on Christmas! JK…but for real, you will be behind if you don’t start planning pronto! The first place to start is with your Christmas budget! I made a YouTube video covering this topic (link in bio) if you want a fuller explanation.
I know budgeting is boring, but it’s so important to keep you on track and help you peacefully enjoy the holiday season. If you’re not a budgeter, that’s ok. Just grab an envelope and write the word CHRISTMAS and your goal fund on it and get started! I personally like to use a budgeting app system, but the old school way is foolproof. Here are a few tips to get you ahead of the Christmas game!
1. Look up your Nov-Dec statement and subtract the statement from an “average” month to see how much you spent on Christmas.
2. With that number in mind, set a budget for this Christmas.
3. Decide what your budget includes (gifts, decorations, food, activities…)
4. Figure out how many gifts you need to buy/make and how much you want to spend. (We draw names for family outside our household)
5. Figure out how much you need to save extra these next few months to fund your budget.
6. If needed, plan to get some extra cash by selling stuff online, at consignment stores, yard sales or just working extra hours.
7. See how you can cut back to save the money by cooking from scratch, only drink water, do a spending freeze, etc.
8. Keep your costs low for Christmas by thrifting decorations, making handmade gifts, make thrifted gift baskets and most importantly, shop early to avoid panicked Amazon purchases!
Hope some of those ideas get you inspired to stay frugal this Christmas without sacrificing a heart of giving!