Budgeting At The Most Expensive Time of Year

Monday, December 4, 2017

Christmas. Carols, cookies, cards, candy canes.
You know that other 'c' word that usually comes to mind? Cash.

Christmas. As delightful a time of the year as it can be, it's also the most expensive time of the year for many. When you've got shopping lists as long as a roll of wrapping paper, how can you possibly budget? If you're able to get on top of that list sooner rather than later, you'll be able to set yourself up for a more wallet friendly season. And with just three weeks to go, the countdown is officially on...

Workout your inevitable payouts. What bills do you have coming out of the bank each month? Then filter it down between those that are due out prior to Christmas and then those afterwards. It's important to remember not to leave yourself short for cash once the big day is over, depending on when your payday falls. This should help you to workout how much disposable income you have to 'play' with. Once you have this number, it's time to filter it down further.

The festive season isn't called 'festive' for no reason, it's of course filled with festivities. Got a friend's birthday coming up? (Mine is of course in 2 weeks, you know.. just incase you've forgotten my present but I'm sure you haven't) A trip to your local Christmas markets planned? Or of course the biggest Christmas party of them all; your works do. Whether you're old school or new school, get out your diary or the calendar on your phone and pencil in all of those important key dates. From this you can then plan a rough idea on how much 'social income' you are going to need. Take into consideration taxi fares, food, drinks and all that jazz.

Hopefully you should now have a rough outline on how much budget you have spare to purchase all of those presents. I'm a big believer in it truly is the thought that counts and usually buying (or even making) someone something a little more personal is more likely to spread that festive cheer rather than buying a gift just because it was expensive. Ever heard the phrase 'cheap and cheerful'?

And now for the old fashioned part, make a list. Whether it's your mum, auntie Jean or cousin Dave, create a list of everyone you need to buy a gift for. Stay organised and avoid the awkward death stare over the turkey from cousin Dave you forgot about. Oops.

What do you do to stay organised during the festive season? Share your tips in the comments below! And if your Christmas shopping is already complete *claps* for you - you're more prepared than Santa himself!

Until next time,

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