Christmas is the most wonderful time of the year. In addition to the celbration of the birth of Jesus - the Savior of the world, it's full of family, fun, and gift giving. Add a little snow and it's thrilling for young and old alike.
Without adequate planning for Christmas expenses and giving, January and February may be a rude awakening that you overspent. There is a solution for next year! Take the time now to add up your Christmas expenses. Once you know what you spent, you must divide the amount by 12 and save one twelfth each month - you will enjoy the Christmas holidays so much more. Rather than always thinking, "we can't afford to do that!", you will have the funds to do and give like you've always wanted to but couldn't.
Next December you will have two options: Either have the money already, or go through another fiasco like this year. Christmas is coming whether you plan for it or not. Do yourself a favor - make some plans.
This is such a sound principal. We started doing this for all 'gifts'. Christmas, birthday, weddings, etc. We decide what we will spend per person on birthday gifts, Christmas gifts, etc. Total it all up and dived by 12. That gives us the amount we need to put in the 'gift fund' monthly. It has blessed us and de-stressed us.
ReplyDeleteI agree. This principle has been one I've been doing for the last 5 years. I have a christmas savings and gift account. My husband didn't see the point of these accounts till Dec. came around and the money I had saved helped so much. Now that we are focused together on being debt free he has put both accounts in our monthly budget :)
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