It’s no surprise when Christmas is. It comes the same time each year!
However, it always seems to sneak up on us when it comes to affording it financially. Christmas doesn’t have to be a holiday that buries you in more debt.
- Do you come across extra money? Whether it is finding spare change or shopping rebates, put it away into an envelope. If you go out to eat and your friend pays for a portion of the bill in cash and gives it to you, use that to put into your Christmas envelope as well.
- Do you ever earn gift cards or receive them as gifts? Put those into your Christmas envelope as well! You can always re-gift them or exchange them for presents when it gets closer to Christmas.
- Eliminate eating out one day of the week. Use the money you would spend on your lunch or dinner out towards your Christmas envelope.
- Do you have extra stuff lying around the house? Sell it! Now is a great time to do some spring cleaning. Clean the clutter out of your home and sell them at a garage sale. If you have more quality stuff, sell it online through eBay.
- Cut back on some of your utilities for a couple months. For example, if you cut back on your cable subscription for 2-3 months, put that extra savings into your Christmas envelope. It’s so nice out lately anyway, who wants to be inside watching TV?
- Call your cell phone company to see if you can lower your bill. Do you have a landline? Cancel that and just use your cell phone.
- Pay yourself daily on each transaction you make. For example, if you go to the grocery store and you spend $94.87, put the extra $5.13 into your Christmas savings envelope.