8 Simple Tips to Rock Your Christmas Budget

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One Trillion Dollars.

That is how much is spent during the Christmas holiday season.

Given the credit card debt in our society, I am going to assume much of the Christmas presents will be charged and that debt will be attempted to pay for at a later time. That is the sad truth. And an assumption (which I would love to be wrong on).

Don’t feel guilty if that has been you. 

Stuff happens, but now, you are ready to rock your Christmas budget.

The pressure for the perfect Christmas is ever present and increasing. Look at a Facebook feed, Instagram post, or Pinterest Pin. All beautiful, picture perfect Christmas surrounds everyone of them.

It is the trap of comparison. Money cannot buy happiness.

Budgeting for Christmas has become a priority for you.

Plus most Christmas budgets might surprise you. More than likely, it is because it wasn’t a Christmas budget it was pure spending. Specifically overspending when you thought you were done buying gifts and all the little extras.

A debt free Christmas is possible and within your reach!

This is your year to learn how to stay on budget for Christmas gifts, decor, food, and all of the fun!

So, what is a good Christmas budget? And how do people afford Christmas on a tight budget? Let’s dive in and answer those questions!

Stick to your Christmas budget so there is no debt hangover. Create a savings plan to buy Christmas gifts. Get awesome budget friendly ideas for kids and families. Plus tips for a festive holiday season! Download your free printable and Christmas planner. Make your list and check it twice.

Every family is unique. Each person is unique.

Therefore, buck the comparison trend and create a Christmas season fit for you.

Start with a Christmas budget that works right now.

A number that you can afford now. Not a number you want to spend. 

That includes using your resources – both financial and creative to make the holiday season memorable.

Time to Rock Your Christmas Budget

Average Christmas Budget

Trying to have Christmas on a budget for the first time will probably feel very constricting. You are changing the way you do things and improving your money management. So, stick to your Christmas budget template.

This is exactly how to budget for Christmas gifts.

You need these Christmas saving tips in your life, so you can continue to focus on your money goals.

1. Decide Christmas Spending Money

And the next word is crucial…in advance.

Sit down and discuss the amount of money to be spent at Christmas. Be honest.

Don’t fall into the trap of ‘Tis the Season of Debt.

Decide how much you are able and willing to spend.

Do you know the average amount people spend at Christmas? Is your Christmas budget higher or lower than the average amount? Figure out if you can spend the average Christmas budget.

For those in a joint household – make sure both parties agree to the same amount and how it will divided among you to spend.

Hint: Stick to the Christmas budget amount you decided. It is too easy to be derailed. 

Download the Christmas Budget Tracker and Gift Planner now.

2. Make a List (before you start shopping)

Grab a pen and some paper (or get our free Christmas Budget Template). Start making a list of everyone you want to buy a gift for.

Remember to include these following items:

  • last minute gifts
  • stocking stuffers
  • teacher’s gifts
  • craft projects

Also, don’t forget to include the extra food and groceries for any fun gatherings planned. Have you ever considered experiences for Christmas gifts?

To make it easier, you can grab our free printables to help you create it!

Hint: Keep your list somewhere where you can easily access it.

3. Prioritize your Spending

christmas on a budget

This may seem like pick your favorite.

However, think about it as where do you want to see your treasures (money and time) spent.

Now, that you have decided your Christmas budget and made your list. Allocate the amount you decided to spent to each person or activity on your list.

It is okay to prioritize gifts for your kids, husband, and immediate family first.

Hint: This is key to staying within your Christmas budget. Maybe even under!

4. Use Cash

Nothing shows running out of money like an empty cash envelope or a declined prepaid card. Very simple way to not overspend.

Planning most of your shopping online, then grab a Prepaid Gift Card. You can pick up gift cards to your favoriate stores. Also, if you want to shop anywhere then grab a Visa or Mastercard Prepaid Card. There is a small activation fee; however, it will be way less than overspending. Guaranteed.

Want to use your credit card? 

Be wise with your spending. It is very simple and easy to charge more than you can afford. Those credit limits are crazy high. If you plan to use a credit card this holiday season, track your purchases on a ledger – like this.

Budget Tracker Apps:

Resource to Help You: Best Cash Envelope Wallets that Won’t Fall Apart

5. Ignore Sales

The temptation to buy, buy, buy. There is a sale, sale, sale.

Stick to your list.

Not on your list, then pass.

This one is hard to actually do. But, it is probably the most important tip to rock your Christmas budget.

There are so many awesome deal sites today. However, everything that is bought brings MORE STUFF in our households. Just because it is cheap…do you actually need it?

Fun Tip: For fun, add up all of the items you wanted to buy, but passed on. Use the Spending Wish List in the free printables section.

Download the Christmas Budget Tracker and Gift Planner now.

6. No Emotional Spending

Be wary of spending based on emotions. Emotions rule our decisions. Period.

How many times have you stood in the store and justified your purchase with, “This would be the perfect gift for Christmas.” or “Don’t worry we can figure out a way to pay for it.” or “The sale ends today.” or “This won’t be available next Christmas.”

The list can on and on forever.

Our emotions drive our money purchases.

Don’t let your finding your Christmas gifts on a budget fall victim to emotional spending. By making this simple change here, you are able to better control your money all year long.

Hint: Stick to your list that you already created. That takes out the emotional tugs on your heart and you can stick to your Christmas budget

Plain and simple.

Stop spending money for Christmas presents once you have fulfilled your list.

Especially stop spending money once you have spent all of your Christmas budget. Period.

Hint: Read the last two sentences again.

If you struggling with how to stop spending money, here are resources for you:

Bonus Tip for Your Christmas Budget:

Use a Christmas tracker to write down everything you spent. You can download our FREE printable in our resource library.

This is exactly how do you budget for Christmas gifts!

Enjoy your Christmas holiday season today and don’t worry about how to pay for it tomorrow.

Use these simple Christmas saving tips to help you stay on budget at Christmas.

From the tips above, which one do you struggle with the most?

More Christmas Money Saving Tips:

Reign in the overspending at the holidays and the debt. Make a plan for Christmas spending. Stick to your budget. Find plenty of ideas on saving money and spending less at the holidays. Don't worry you can still spoil kids and families! #holiday #budget #moneybliss

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