Christmas is coming. Don’t wait until December to plan for Christmas. A lot of people don’t save up for Christmas and turn to credit cards come December, then they spend months paying off their holiday debt. Which is scary. Start taking small steps this fall to prepare for Christmas.
Decide What You’re Going To Do
Are you going to spend Christmas in your hometown or go away for the holiday? Do you want to buy decorations? Do you want to donate money to your favorite charities? Do you want to volunteer on Christmas day? Do you want to exchange gifts with family and friends?
If so then how many people do you need to buy gifts for? You have to decide how you want to spend your Christmas and plan a budget for it. Take the entire amount you need for Christmas and decide how much you need to save each week and month in order to meet your Christmas goals.
Get a Christmas Savings Account
A lot of credit unions and banks now have savings account for holidays like Christmas, vacation funds, etc. You can set it up so a certain amount is taken from your checking account and automatically transferred to your savings account. This is a good way to making savings a habit and plan for the things you want.
Start Paying Attention to Sales
From now until the end of the year there will be many sales throughout the fall and winter season. Some deals will be better than others. Start paying attention to the prices, and even ask the retail clerks if prices will be going down further. I was actually told by a couple of clerks to wait for next weekend because the store was going to lower the price on a dress I wanted to buy. It doesn’t hurt to ask.
Don’t Be Afraid to DIY
If you have a special talent for baking or have a creative knack don’t be afraid to make gifts for your friends. I’ve had friends bake cookies and treats for me and wrap them up in beautiful packaging. Other friends made me fun holiday wreaths and I loved them because they were done with heart. If you mess up on your DIY gift, you can always redo it, especially if you start a few weeks before Christmas.
Find Side Gigs to Do on the Weekend
Pet sitting, baby sitting, house sitting, mowing lawns, etc., can all bring extra money from now until Christmas. It’s surprising how many people are willing to pay well for taking care of their children, their fur babies, their homes, and lawns. If you start planning ahead now you won’t be so stressed out when Christmas comes.