Holiday Budgeting

Are you a planner? Or a Christmas Eve shopper? I know. I know what you’re thinking. Why is she talking about Christmas spending in November? But trust me. This is going to be your best holiday budget yet. 

For starters, think about how much money you’d like to spend on the holidays for gifts. Having this number is important. In the time of online shopping (especially during this 2020 season), it’s easy to order things online. You have all those prices right within reach, so sticking to a budget is now easier than ever!

Once you have your expense budget, write out a list of all the people you plan on buying something for. Kids. Spouses. Friends. Write down each name. This list might not be realistic, but write it anyway. You can always reorganize or adjust later on, but this is a great starting point.

Now rewrite your list in order of importance. Who do you absolutely need to buy for? These people go at the top of your list. Who could pass with just a plate of cookies? These people go more towards the bottom of you list.  

At this point, write out one (or more) items you think each person would like. I try to avoid the fuzzy socks/mug gift. If there’s someone I can’t think of a good gift for, they would likely be happy with cookies or something more homemade. Don’t spend money just to hand someone a package. Add prices to the items and see if your budget matches your list. From there you can adjust. 

I like to take advantage of sales throughout the year, so I know I’m getting the best deals, but later in the year this might not be possible. Remember, holiday gifts aren’t about the quantity, but about the thought that went into the gifts! 

Happy shopping!