How to Create a Simple Christmas Budget
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You guys! Christmas is in 100 days. Can you believe that? To me it still feels like 2019 is a brand new year. It’s true that as you get older, time goes by faster. Have you made your Christmas budget yet?
Having a Christmas budget is really important. If you have no budget, you might spend all your money before you realize it or before you’re finished buying for everyone on your list. If you have no budget, you might not even know how much money you have to spend.
I’m going to share with you how I create my super easy Christmas budget, and I’ll even throw in some free Christmas budget printables!
Decide How Much Money You Want to Spend
This number will be your total Christmas budget and will include non-gift purchases as well. You will go into detail on that in a later step, but for now, just decide how much you’re willing to spend total, and divide it up later.
How do you plan on paying for everything? Hopefully you have already saved some cash, but if you haven’t, there’s still time. (Read about how my family saves for Christmas every year without even realizing it!)
There are many ways you can find extra cash for Christmas spending in the next 100 days. You can declutter your house and sell some unused items on Ebay. You can put in some overtime hours at your job, or your husband can work overtime if he’s willing. You could utilize some of your skills and find jobs on Fiverr or Upwork. You could implement a spending freeze or cut back on your everyday spending.
Make a List of Everyone You Want to Buy for and Budget for Each Person
This step is pretty straightforward. Just make a list of everyone you plan on buying for with a dollar amount next to their name. Easy-peasy.
Track Your Spending as You Go
This is probably the most important step and where I’ve been known to get off course. If you want your budget to work, you have to track your spending. Write it down as you go, or keep your receipts and write it down when you get home. However you do it, just make sure you do it. It’s easy to spend too much when you’re not keeping track. Ask me how I know!
Include Non-Gift Christmas Expenses
Always include a non-gift category. This includes the tree, food, decorations, wrapping paper, etc. Basically anything that you’ll be spending on this holiday that isn’t a gift goes on this budget. And don’t forget to track it! I prefer to make a separate budget list for this category.
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Decide how much you want to spend.
Make a list of everyone you want to buy for, and set a budget for each.
Track your spending as you go.
Include non-gift items.
It’s so easy to make a simple Christmas budget, and to help even more, I’ve created a Christmas budget worksheet that you can download in the free resource library. Just print it, fill it out, and go shopping. So easy!
Until next time,
I’m Kari, founder of Mom For More. Do you often lie awake at night dreaming about what it would be like if your family was debt-free? What if you could make that dream come true with a business that allowed you to stay home and be fully present with your babies? Mom for More teaches moms that they can start a home business, become debt-free, and gain more overall peace in motherhood. It equips moms with the tools they need to succeed in their finances, home businesses, and daily lives. You don't have to put your life on hold when you become a mother. It's okay to dream. It's okay to believe that you were made for more. I’d love for you to subscribe and follow along with me!