Guides / Planning ahead
A holiday budget the kids won't notice
Set a number, plan gifts, and keep traditions that cost little.
Holiday spending often lands on credit cards and follows families into the new year. Deciding the total in advance makes the season calmer.
Plan
- Set a total holiday budget, including food, travel and decorations
- List everyone you buy for and assign an amount
- Start a sinking fund in January for next year
- Shop from the list and track as you go
Traditions that cost little
- Homemade gifts and cards with the kids
- A family gift exchange instead of gifts for everyone
- Free local light displays and events
- Baking and delivering treats to neighbors
General educational information, not financial advice. Your Money Stretcher isn't paid by any bank, lender or company mentioned here.