Making a list, checking it twice . . . Oh wait, it’s not the holiday season quite yet? You may still be enjoying time at the pool, but if you haven’t started yet, now is the best time to start budgeting for Christmas. When you make a Christmas budget ahead of time, you can stop the holiday stress before it even begins.
Why Do a Christmas Budget (and Why Now)?
All the holiday magic you want to create needs to start with having a Christmas budget. Yes, it’s even more important than presents and trees with all the trimmings.
The hustle and bustle of holidays will be stressful enough already. We tend to feel we have to keep up with the Joneses, and it may feel like we need to go over and above this Christmas to make up for last year. But caving to that pressure, and spending without a plan, can ruin the joy of the season and bury you in credit card debt for months.
Although it feels so satisfying to buy gifts for everyone, that kind of holiday shopping will end in a retail therapy hangover full of guilt, shame, and anxiety. I don’t want that for you any time of year, much less at Christmas. I want you to feel secure in your finances, especially during the holidays, so that stress around money doesn’t ruin the most wonderful time of the year.
How to Do a Christmas Budget
I know some of you hear the B-word (budget) and want to run for the hills. But a budget is nothing more than a plan—on paper, ahead of time—that gives you permission to spend.
Here’s how to do your Christmas budget:
Do a Christmas Budget, and Give Yourself a Gift
I can tell you from experience it’s almost impossible to enjoy purchases when they make you blow your budget. So, if this sounds like last Christmas or the Christmas before that, give yourself a gift by doing a Christmas budget. It might be challenging, but I guarantee you’ll feel way less stress this year.
I hope this plan helps you tackle your Christmas budget, so you can enjoy the holidays stress-free!