The holidays always bring happiness and a lot of emotions, but also some kind of stress when you are waiting for your bills to arrive. Not to get in a red in your finance, you should be ready to holiday season. Of course you can always take easy loans to have extra money for gifts and traveling. But it is always better to plan ahead and budget your holidays within your means.
Make a Holiday Budget
Holiday season is a time for happiness and relax, but not for stress and financial necessity. In order to make this period easier for your wallet, you should plan all purchases and traveling that you are going to make. For more realistic planning you should follow the next scheme:
- Make a list of all gift recipients.
- Set money limits for each gift.
- Plan any necessary decoration and budget it.
- Plan possible trips and visiting friends and relatives – these are extra expenditures.
When you have clarified your plans, you can look for discounts to buy gifts. At this season a lot of shops present special deals that can help you to save your money. Also think about your traveling, as you can book tickets ahead and have a good discount. Don’t forget to stick to your holiday budget and make necessary purchases beforehand. This will minimize possible stress and help you to avoid extra spending on purchases made on last-minute decisions.
Give Priceless Gifts
If you don’t have too much money on your holiday gifts, you should think about such gifts that don’t cost money. For example, you may choose from the next list:
- Offer a help for the house.
- Stay with small kids of your friends or relatives, giving them time for relax and other occupation.
- Provide some professional assistance: make a haircut, design a room, help to paint walls in the kitchen.
- Spend a day with relatives or make a party to gather all your relatives.
You should understand that gifts don’t always require money spending. The most priceless thing you can give is emotions and your time. So think how you can make your friends happy and present them with such feeling.
When you have a list of necessary purchases and understand how much money you will need, you can make a saving account. For easier approach you should divide the necessary amount of money on the left days. So you will get the amount of money that must be saved each day. In such way you will understand what percent of your income you should better set aside to budget your holidays.
Besides your holiday budget, such approach can be easily used in any other money consuming events. For example, you can save for vacations or covering debts. You can make it a habit to save definite percent of your salary to make your budget more stable and protected from any unexpected monetary situations.
With these easy tips make your holiday season less stressful and more monetary provided. Think ahead of any possible events and money spending, and you will create a healthy finance within your means.