Budget – Lay out all of your anticipated costs now. What’s your gift budget? Will you have a grand Christmas dinner? Are there travel expenses? Account for everything now and avoid surprises later.
Save – Now that you know your expenses, put together a plan to save up to that number. Put a set amount away each week or paycheck that will reach your goal. We are still 13 weeks away from Christmas, $40 set aside each week would be $520 by December 25th. Find your number, put that money aside regularly, and then don’t touch it for anything other than your budgeted expenses. We can even create a "Christmas Savings" sub-account within your regular account to keep your holiday money separate.
Search for deals – There will be many sales the next few months, with the biggest ones surrounding Thanksgiving. Brave souls can fight the crowds on Black Friday, and those wary of crowds can find great deals online on Cyber Monday. Stay on the lookout for sales but don’t go overboard!
Use cash – If you physically hand over your money for purchases you will keep better track of your spending and remaining budget. That increasingly lighter wallet will be a constant reminder of what you have spent already. Avoid running up a balance on your credit card because the debt will just be waiting for you with interest in 2018.
Don’t let the season of gift giving leave you in a bad spot come January. Plan ahead and limit the stress!