Use these printable budget worksheets to plan your Christmas budget and keep your finances in check this holiday season!
Christmas is wonderful isn’t it? It’s my very favorite time of year, and I like to make the most of it! I always set up my Christmas tree and all my decorations crazy early (although my husband makes me wait until at least the middle of November – he’s a stinker like that).
Christmas is a season filled with family and friends, good food, and excitement. Unfortunately, it can be an expensive season as well. We all want to give good gifts to our loved ones, but those gifts can add up so quickly. It’s really amazing! When January hits and your stuck with a big credit card bill, all those wonderful feelings are replaced with stress because of this new debt. And that stinks!
The holiday season is the easiest time of the year to overspend for many reasons, but there is only one way to make sure you stay on track during these months. Creating a Christmas budget is key to keeping spending in check and staying away from credit card debt.
Creating a budget for all those extra Christmas expenses will help you prepare and stay in control of your finances all season long. Then when January hits, you will be able to focus on all your New Year’s resolutions instead of a pile of credit card debt. Oh yeah!
Christmas on a Budget
Planning Christmas on a budget is a smart move no matter how much you plan to spend. Use these printable Christmas budget worksheets to help you plan your own debt-free Christmas.
It’s best to create your plan at least several months in advance to give you time to save up for the extra spending that happens around Christmas time. I like to make my plan in the summer. Not only does this help me save money, but I also decide on gifts ahead of time, so I can find the best price.
Christmas Budget Worksheet
Click on the image below to download and print the 2-page Christmas budget worksheets.
Christmas on a Budget – Things to Consider
As you are working to create your Christmas budget, here are a few things to consider.
Christmas Budget Per Child
Coming up with a Christmas budget per child can be difficult. You want things to be fair, right? But as children get older, their Christmas wish list gets more expensive too.
There is a fun (and smart) tradition for giving Christmas presents that saves money and makes Christmas shopping a whole lot easier. I absolutely love it!
The tradition goes like this:
Every child gets something gets something they want, something they need, something to wear, and something to read. This tradition is awesome because it helps kids really think about what they want and helps them diversify their wish list, so they aren’t just collecting a pile of toys they will never really play with.
For older kids, here is an easy way to help them create their wish lists:
Divide a piece of paper into four sections, and then label the sections want, need, wear, and read. Have kids write down their top choices for each category. Super easy!
Related Reading: Awesome Non-Toy Gift Guide for Kids Under $50!
The Little Things
Ornaments and decorations, gifts for your co-workers and child’s teacher, extra gas money to visit family – these little extras can add up fast. Think about all your typical holiday plans and purchases as you are creating your Christmas budget and remember to include them.
Saving for Christmas
Families normally spend more around the holidays, so saving money in advance will really help to curb credit card debt. After you calculate your total Christmas budget, you can figure out how much you need to save to reach that goal.
Check out this post for the top money saving challenges to help jump start your Christmas savings account: 11 Money Saving Challenges to Boost Your Savings Big Time!
Need Money for Christmas?
If saving extra money each month isn’t possible or isn’t enough, then consider one of these options to make some money on the side.
Related Reading: 17 Easy Ways to Earn Money for Christmas
Planning a budget for Christmas and then saving the money in advance is such a smart move. It will help you keep spending in check over the holiday season and start the new year without the added stress of credit card debt. That is a great feeling and totally worth the extra time spent planning!
I challenge you to give it a try! Print out the Christmas budget worksheets, figure out your total budget, and then start sorting out your categories. It doesn’t take much time, and it will be so worth it. Get started now!
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