Are you asking yourself how to create a Christmas budget in easy steps?
Christmas is the long-awaited festival children and adults look forward to it.
It is one of the most celebrated holidays of the year, with its parties, gifts, colorful decorations, and soulful songs.
Honestly, it is my favorite Christian celebration!
This joyful celebration brings with it lots of planning and unfortunately takes away lots of our money too!
That’s why setting up a plan and saving money from the very very beginning will make it possible to celebrate Christmas even on a tight budget.
Because yes! Celebrating Christmas must be and is possible for everyone!
How to create a Christmas budget in 14 easy steps
In this post, I will help you and show you how to create a budget for a fabulous Christmas!
1. Plan a year ahead
Start to plan your budget and Christmas a year earlier.
If you like enjoying a big Christmas and throwing big parties, start to save money months before December.
You do not need to spare a lot: $30 is enough per month to reach a small amount of money you can use somewhere.
You will thank yourself later!
2. Calculate your budget
The first thing you should do before starting a Christmas list or plan is to estimate your budget.
Take a look at your savings, your monthly income, and the one of your partner (if you are going to plan together).
Set up a realistic and manageable budget for yourself and the family.
Ask yourself these questions when creating your budget:
- How much can I afford to spend?
- How will I pay for it?
- How much do you need to buy?
- Who do you need to buy it for?
- Do I really need to buy it?
Keep in mind to cover
- Food and drinks
- Activities and traditions
3. Create a plan
Enjoying a better and more joyful Christmas requires creating a realistic plan and sticking to it.
Like any other activity, creating a plan you and your family can stick to will make it easier for you to have everything under control without exaggerating or minimizing anything.
Make a plan, create a list, and write down everything your family and you enjoy doing on Christmas day.
Things to keep in mind while creating a plan might be:
4. Use cashback apps and coupons
Cashback apps and coupons are a saver.
Nowadays, you can find thousands of cashback apps that will help you save money while shopping in-store and online.
As the name already says, cashback is a program that gives you back a small percentage of your spending in cash rewards.
Some of the cashback apps I truly recommend are
Moreover, using coupons helps you save a lot while shopping!
Use your store coupons, or look out for online coupons.
5. Boost your income
A simple way to earn extra income is by creating a side hustle.
You can start a blog, monetize it, and start to earn within 6 or 7 months.
Or you can download earning apps, get paid to read books, or sell baked goods in a market or neighborhood.
6. Shop secondhand
I know some of you do not like shopping secondhand.
However, opting for secondhand things may help you spare this extra money you could use for something else, like emergencies.
You don’t need to buy expensive brand-name gifts and decorations. I know; those kinds of stuff will make you feel excellent and satisfied. However, as it is said, it is the thought that counts and not the value.
Moreover, vintage stuff is so beautiful!
7. Take advantage of discounts
Another tip I recommend to you is to take advantage of discounts if you want another way to create a Christmas budget.
Shop on Black Friday, Cyber Monday, or when the sales are on.
When shopping during these occasions, you will avoid the pressure of Christmas shopping.
Furthermore, you save a lot of money and already have presents for your loved ones.
If you shop in November, you have a long month before Christmas.
Do not forget to hide the gifts well to avoid ruining the surprise!
8. Sell things you do not need
If you want to make extra money before Christmas, sell items you do not use or need anymore.
These could be books, clothes, decorations, kitchen items, etc.
You can visit websites like Etsy, eBay, Decluttr, Shopify, and Amazon if you prefer selling online.
9. Buy online
While someone likes in-store shopping, I mostly prefer online shopping.
You get the same thing but at a lower price, when shopping online.
Moreover, some online shop has the “gift wrap” option at an additional cost or for free.
If you can shop in your favorite store online too, look up for the same item but online. Sometimes you get the same thing but with a small discount.
On the other hand, if you buy on online stores like Amazon, Etsy, eBay, or Shopify.
I recommend finding your presents in Asian stores too!
10. Free family activities over paid activities
I love free family activities.
Not only do you spare lots of money, but sometimes they are more enjoyable and funnier than the paid ones. Moreover, you will learn another way on how to create a budget for a fabulous Christmas
- go sledding
- go for a winter walk
- bake cookies together
- watch a Christmas movie
- visit the library to borrow some Christmas books
- have a board game tournament
- bake together
- sing together
11. Handmade gifts and decorations
People buy charming, radiant, and traditional Christmas adornments to decorate their homes.
Avoid buying gifts and decorations, if possible.
Opting for handmade presents and ornaments is a true money-saver.
Gather all your craft items, turn on the radio with your favorite Christmas song, and enjoy DIY gifts and decorations with your family.
There are plenty of tutorials you can follow along.
Plus, you will boost your creativity, and your gifts will be more personalized!
12. Use your store loyalty points
As a customer, you can collect points every time you make a purchase that you can later redeem as vouchers.
With these points, you can pay for a partial or complete purchase at a partner store.
This method helps you save lots of money.
13. Skip the extras
You can skip some Christmas traditions and extras, like taking a picture with Santa, hiring an Elf, or buying an expensive advent calendar.
Create your advent calendar at home, keep it simple, and enjoy Christmas with only the main traditions.
While we can find it amusing paying for one more funny thing, we should know that skipping this part for one year is not that dramatic.
Create memories over items.
14. Track your budget
After setting up your budget, keep tracking it.
Keep track of all your expenses as you go to avoid overspending.
As you can see, enjoying Christmas is possible even on a tight budget.
All you need is to set up a plan, start planning, and keep track of your budget without restricting or exaggerating.
Be realistic, keep it simple, and enjoy this special moment with your loved ones!
Stick with these steps, and let’s have another joyful and peaceful Christmas!