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Christmas savings | How to save Money For Christmas
Its beginning to look a lot like Christmas and we all know what that means. People are shopping shopping and more shopping with trying to get the best deals on certain gifts for their loved ones. I don’t know about you, but I really love spending my money wisely and making sure I don’t overspend.
If you have been struggling year after year with over spending, then today’s post will definitely guide you. These are some simple and practical steps that will help you better budget for spending.
How to Save money for Christmas
Make a list of your gift ideas: It is very crucial that you just don’t go into the stores blindly because I can promise you that you will come out with everything but what you need. When you have a list, it helps you to not overspend and to grab things because it looks good.
Make a budget: Sit down and calculate how much you plan to spend. Even if its just $100, make a budget and stick to it. This will definitely help you save so much money.
Put aside money throughout the year: Don’t wait until Fall to start saving for Christmas. I always start early on in the year with putting aside twenty to thirty dollars into a savings account that you will not mess with. Now, FYI, with 2020, its been a year of unpredictables and its been more challenging than usual.
Give fewer gifts: You don’t have to give everybody in the world a gift. Choose a few immediate family and friends and get creative. There is life after Christmas.
How Much Money Should I Save For Christmas?
There is no specific amount that you save, but what I will save is you should calculate your income that’s coming in on a monthly basis minus your household monthly expenses. According the CBSNews, the best way to do this is to sit down and write down everybody you plan to get a gift for and budget accordingly.
Another thing to consider is to recycle unusable items from the previous year, like gift cards, decorations, etc. You don’t have to purchase everything new. A great tip that I use yearly is to shop out of season. Towards the beginning of January, you can get a lot of holiday decorations on clearance because of markdowns.
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What Do You Do If You Don’t Have Any Money For Christmas?
There are a number of things you can do when you don’t have the extra money to purchase gifts. One of my all time favorites is to volunteer to feed the homeless. Before Covid, me and my kiddos would go feed the homeless at least once per month
Get creative: Give gifts from the heart. If you are a crafty mama like me, then you can sew, crochet or knit a blanket, afghan, or something that you know is designed with love.
Offer your time and efforts: Go help out a loved one or someone in your neighborhood. You never know what people are going through; especially during these crazy times. People are depressed, feeling alone and etc. Just a few hours out of your busy schedule will put such a smile on someone else’s face.
Donate your gently or unused items: There are tons of goodwills and thrift stores that accept donations or if you know of a family who desperately needs some clothes, give them to that family in need.
Create a digital product: If you are knowledgeable about something, you can create a planner, printable or audio. You can even create a audio or video thoughtful message to your favorite people. Now, you don’t have to stop there, you can also create digital products to make you some extra money as well.
Christmas Savings Conclusion: I really hope you enjoyed this post. My favorite saying is “you don’t have to break the bank to get meaning gifts for your loved ones. If you really think about it, you can start at the beginning of the year and put back as little at twenty dollars in a savings account. This will make it easier for you to not have to come up off a big lump some of cash.
Christmas savings | How to save Money For Christmas
