A few weeks till Christmas: start saving for the holiday season now!
Christmas is fast approaching, this period comes with a lot of costly activities and proper planning is needed to ensure that we stay within our budget and at the same time enjoy the holiday. This is the perfect time to start saving and planning, it will save you disappointment and debt. Here are some steps that can help you create a holiday budget that could give you the Christmas that you want:
Decide on the amount you want to spend for the Christmas
This may be difficult especially if you don’t know where to start. Remember that this is just an approximate figure, what you think might be the cost for the whole festive season. A good starting point is the amount you spent last year; this can give you a guide to the figure. Ask yourself whether you are comfortable with this figure or if there are some things that you spent on but were not necessary or there were items that were missing on the list. Also, you can ask yourself whether you want to spend more or less this year. With these considerations, you will come up with a figure that can fit well within your budget.
Divide the figure into equal parts
You have a few weeks to raise the figure, divide it by the number of weeks that are remaining before Christmas. Aim at setting aside the figure for each week. If you find that the period is fast approaching and you have either reached your target or are still some few dollars to the figure, you need to readjust. If you are behind the deadline, you can bring the figure down to a comfortable amount and then adjust in accordance to the remaining weeks.
Create a budget
With the money now in place, create a budget for each of the Christmas items. Make sure you stick to this. Do not spend on anything which is not listed on the budget. If you find that there are some items or activities which might have been left out, look for ways to adjust but stay within the estimated figure.
With these Christmas saving steps, you will have a wonderful time without going into debt.