My youngest daughter looks pretty freaked out about Christmas in this photo, and I usually feel the same way about the holiday once the excitement of the back to school rush settles down. By Halloween I’m practically hyperventilating about all the gifts I have to buy, food I have to cook and visits to family that I should, but probably won’t, get around to making.
Dave Ramsey (oh, God, I love that man!) always says that it shouldn’t come as any surprise to us that we will need to budget for Christmas. It’s not an unexpected emergency, and it always happens at the same time every year. But, still, many of us freak out and do some crazy silly things during the holidays.
My personal bad habit is twofold; I overspend and don’t budget enough for gifts. Or, rather, I set an amount that looks reasonable on paper but once I get into the stores my husband and I can’t seem to accommodate all our gifts on the suddenly miniscule budget.
This year, I’m ahead of the game. Hopefully. I figured that if I put aside $25 each week, starting this week, I’ll have nearly $500 by Christmas. That will definitely help cover the cost of all those gifts and goodies during the holiday season!
Consider this: If you can only manage $10 each week, starting from today, you’ll have $190 put away for the holidays. That’s like, two McDonalds breakfasts a week, or a couple of ‘good’ coffees. You can probably even shave ten bucks off your grocery expenses each week and slide that money over into a red and green envelope for some real holiday fun! Better yet, keep it up all year long for an almost effortless $520 bucks for next year.
See if your bank offers a Christmas club account that holds your savings, possibly pays a little interest, and mails you a check sometime in October or November. Set up an automatic transfer of ten bucks, or whatever you can afford, each week from your checking to the Christmas account, and lose a whole lot of stress in the process!
Excuse me while I go pat myself on the back for being ahead of the game, LOL! I think I’ll indulge in a little early Christmas shopping. If you want, feel free to join me over at My British Christmas !
Got any tips for saving for Christmas? Please share…we love it when you do!