![]() ![]() Find ways to save moneyīuy everything you possibly can when it’s on sale. If you wish you had more money in your budget to spend on Christmas, check out these 21 easy ways to make extra money! 2. When everyone else is broke and buried in credit card debt in January, you won’t be affected. Remind yourself that you’re doing a very positive thing for yourself by creating and sticking to a Christmas budget. There are plenty of ways to have a fun and festive holiday season on a budget. Keep in mind than spending more does NOT equal a more enjoyable holiday. Start the new year off by saving $10 a week toward next Christmas. ![]() If you’re on a tighter budget than you’d like, learn from it. Besides, it will be a faded memory by Easter anyway. Even if this year’s Christmas isn’t what you wish it could be, there’s always the next one. Adjust your expectationsĬhristmas comes around every year. ![]() Now that you have figured out how to create a holiday budget, here are some tips for sticking to it. Related: Check out this post on how to get inexpensive gift wrap and other Christmas supplies! If you have room left, break down the remainder of your Christmas budget into the other expense categories that apply to your life.If you know you’ll need money to buy baking supplies and ingredients to bring a dish to Christmas dinner, subtract that as well.Subtract that gift expense amount from your full holiday budget.Add it up so you get a gift expense total.Write the amount you’d like to spend on each of them next to their name, keeping your total budget in mind. Start by making a list of all the people you need to buy gifts for.If you know your total holiday budget is $500, you’ll need assign an amount to each of the Christmas expense categories.Ĭhristmas gifts generally make up the biggest portion of your Christmas budget, so let’s get that out of the way first. Now that you know how much you can spend on Christmas, it’s time to break it down into categories. Spending any more than 1% of your yearly income on Christmas is just too much.įirst of all, print out the Christmas Budget Planner: If you make $50,000 a year, then a $500 holiday budget is right on track. □ Pro-tip: An easy way to see if you’re on track with your Christmas budget is to make sure it’s not more than 1% of your total yearly income. How to Make a Cheap Grocery List: A Step by Step Guide (+10 Money Saving Tricks!).Save Money on Groceries This Week by Doing a Pantry Challenge.5 Super Easy Ways to Save Money on Groceries (without using coupons!).Need help lowering your grocery bill? Check out these handy resources: You can even get creative and cut back on how much you spend on groceries. You now have the opportunity to adjust that in favor of adding to your Christmas budget. Maybe you go out to eat a lot, or spend money on non-necessities. If you find that your Christmas budget is lower than you’d like, you can now lessen your spending on many things so you have more money for Christmas. Subtract those expenses from your income ( income – expenses = Christmas budget).Now add them all together to get a total. Be sure to add in the other costs you’ll incur before Christmas, such as groceries and gas for your car. List your expenses, including regular bills like rent or mortgage, utilities, cell phone, and auto loan, student loan, or credit card payments.Write down how much income (take home pay) you’ll receive between now and Christmas.If you don’t already have a household budget, you’ll need to jot down a quick one. How much you budget for Christmas depends on what your income is, compared to your expenses. The first step in making your holiday budget is to figure out how much you should budget. □ Want to create a holiday spending plan you can actually stick to? Grab our FREE Christmas Budget Planner! You can view my full disclosure policy here. Ready to learn how to create a Christmas budget of your very own? Creating a budget simply means having a plan. Having a Christmas budget doesn’t mean your holiday season will be boring and horrible. And yes, maybe some paring down of all those unnecessary expectations. In order to prevent the Christmas spending hangover, it just takes some planning ahead. Please don’t do that to yourself anymore!ĭo you want this year to be different? It can.ĭon’t worry, it’s not as complicated or Scrooge-y as it sounds! And all the charitable contributions.īy the time January arrives, we have empty bank accounts and the dreaded credit card bills. Oh and don’t forget the money we spend on fun holiday outings. Plus decorations, food, wrapping supplies, and new festive outfits. It’s so easy to get carried away at Christmas time, isn’t it? We spend tons of money buying gifts for everyone we know. ![]()
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