Now I am doing what I do every year around this time: Trying to come up with a sharp idea to save specifically for Xmas. This time I would like to try to save 1k by December, just to give us some breathing room and I don't have to feel like I am in a constant panic. What I find that I always seem to do is say: "I have a whole year to save up for Xmas! No need to start now!" and then around August I think: "Ok, I have a few months to put a good chunk away... better start thinking ahead..." By October I have hit the panic button.
This year will be different, I promise myself!
Did everyone else fall within their Holiday budget?
[This message edited by Dark Inertia at 1:39 PM, January 6th (Monday)]
Somewhere in October or maybe even September I will start spending about $50 a payday on Christmas - as simple as a couple of gift cards. That has worked for me/us over the years.
Because in my situation I didn't know if I was the OW at first or if I was being cheated on. Found I was being cheated on.
I am seriously considering opening an account strictly for Christmas money, and having $30 a pay automatically deposited into it. If I do so, I'll have $720 set aside come the beginning of December for Christmas gifts. And I probably wouldn't miss that $30 if I never see it each pay. That would go a long way toward helping the budget.
Of course, it would also help if DD and DH didn't have birthdays four days before Christmas. But that is one thing that I can't control!
[This message edited by stroppy_wanadoo at 1:50 PM, January 6th (Monday)]
Did we hit the budget for Xmas? Uh. Well. Yeah. As usual, we blew it to pieces. lol Now rebuilding said monthly savings.
What works for me is to start buying gifts NLT September (but I usually start earlier). I figure out how much I want to spend per person, then shop sales. I pay cash, so there's no hit to my credit cards. By Black Friday, I'm usually just about finished and typically buy my electronics or other odds and ends on that weekend.
STBX WH#2 - 47. DDay 7/12/14
Together 7, married 4yrs
Since DDay, he's drunk by 5pm.
Status - F that guy.
XWH #1 - legally married 18yrs. 12+ OW (that I know of).
I edit often for clarity/typos.
One of the ideas that I saw that I thought was interesting was to put however much in savings for what the week of the year is. So for example, for the first week of the year put away $1, second week $2, etc.
We have an emergency/vacation budget that we hate tapping into, and that is ultimately what I want to avoid next Christmas.
[This message edited by Dark Inertia at 2:37 PM, January 6th (Monday)]
I like that idea, but would probably do it backwards... start with $52 in week 1, $51 in week 2...
I think it'd be easier to keep up and follow through with if it got easier as the weeks went on, not harder.
I gave you more than I ever got back
You left me here to forget about that
All the things you thought you had have gone
Let that be a lesson to you
-Richie Kotzen, "Special"
I was reading on another forum someone said that he and his family spend at least 3k every Christmas!
"I could have missed the pain, but I would have had to miss the dance." Garth Brooks
Pretty pretty please, don't you ever ever feel
Like you're less than, less than perfect
When I factor in cookie ingredients, food for brunch (including champagne) and dinner hors d'oeuvres on Christmas Day, I spend at least $3,000. Every second year I also throw a New Year's Day afternoon party for another $500. Every year I think I'll cut back, and every year I don't.
If this is what makes you happy then go for it! Just add in the entertainment budget and misc fun. Sometimes you have to enjoy the happiness you bring to your friends and loved ones.
I'd venture to guess this is close to what my IL's spend.
As for us, we stayed within budget for the kids and we were right around what I had budgeted for everyone else. Do3K went slightly over budget for me, but I was slightly under budget for him so it evens out.
The X used to get a uniform allowance; it was given to him around December 15th; then the mad dash was on to do our Christmas shopping.
I wish I was a better saver; I need to buy presents for my soon-to-be grandson Knitting only goes so far...
I really could not afford to do it that first year so I just started with $5.00 a pay. Each year when I got a raise, I would up this amount. It took many years but I am finally at the point where it actually pays for all of Christmas (wahooooo).
Even those years I could only do $5.00 a check, it was still nice to get something in November to start my shopping with.
I highly recommend it. Start small so you do not feel any financial burden and get discouraged.
As for budget amounts - Ppl tend to make a vast difference in salaries and family sizes varying so if you look at it like that; it makes sense. Like I cut my Christmas budget mega with the divorce because I no longer have to buy for all of ex's side, etc.
I saw something going around on Facebook where you put aside $1 in week 1, $2 in week 2, etc. and by the end of the year you have over $1,000 saved.
You will end up at $1378 in week 52 according to the table.
If you want $1000, you can stop at week 45.