Your Guide To Sticking To A Holiday Budget

FreeSamplesProUSA Top Reads Your Guide To Sticking To A Holiday Budget

The holiday season is all about gift-giving as well as overspending. Follow these simple steps to stress less and enjoy more this holiday season.

Create a list of holiday expenses

Note down all your estimated holiday expenses. Remember, gifts are not the only expense you should account for. Your list should also include holiday cards, wrapping paper, traveling expenses, and donations. Most people can't stick to their budget because they don't consider these other expenses.

Set your spending limit

Decide how much you’re willing to spend for Christmas this year. When you’re setting the holiday budget, ensure you use the extra money set aside that doesn’t affect your daily budget. Avoid blowing your budget or maxing out your credit card and racking up debt in the new year.

Assign money to each category

Split your budget into different spending categories. Assign a specific amount for each gift and other items on your list. Once you set a spending limit, you can narrow down your gift ideas.

Make a shopping list

List down gifts within the price range set for each individual. If you start planning well in advance for major sales, you can find some great gifts and stocking stuffers at cheaper rates.

Track your purchases

Once you begin your holiday shopping, ensure you keep track of every purchase. Carry your gift list and budget sheet with you at all times. Along with gifts, also keep track of other expenses. This will help you with budgeting accurately for holidays next year. As you continue shopping, ensure you strike out the amount from your budget total. This will help you stick to your budget and avoid overspending.