Yes, it is only just Fall and the leaves are barely starting to change color but before any of us realize it, the snow will be on the ground and Jingle Bells will be playing at the mall (OK, the holiday music will start once Halloween is over).
Budgeting for Christmas shopping now may sound like a chore but it can be the life line you need to avert debt.
Typically when a person goes Christmas shopping and there is no budget, then this gives the illusion of having no limits – and no limits often leads to January credit card bills that hurt.
I’ve heard people talk about how they counted on getting a big tax refund in order to pay for the previous holidays. Is that you? That doesn’t sound like healthy finances to me. It doesn’t have to be that way.
According to a survey from PricewaterhouseCoopers, the projected household spending for this coming holiday season is $684. Do you have that in your savings, ready to spend on gifts? Some people do. A lot of people don’t. And where they tend to turn to are credit cards (read: debt).
Designing a budget helps you to avoid that steep downhill in January; and this helps to keep the happiness of the holidays lasting well into the new year.
Read on and I’ll walk you through the steps you need to make so you can budget for the holidays now. This way you have the money you need to pay for the gifts you want.