Just in case you haven’t noticed, the end of the year holiday season is upon us and its time to talk about how organize a holiday budget. And thanks to the planning tools in our GO MOM!® DIY Holiday Bundle I’m not worried one bit about how I’ll make it all happen. Because I’m the kind of person who both loves a great deal and has to be in the actual season to decorate, entertain, and buy gifts, that means I don’t do a bunch of advance holiday purchasing. Of course I may pick up a decor item here or there, stock up on baking supplies, or do holiday organizing projects to get things read. But when it comes to real holiday spending, it all happens in the next few weeks for me. And if I don’t have my budget in hand, that’s an end of the year financial train wreck waiting to happen.
If at no other time of the year, the holidays are the best time to challenge yourself to work within a budget. Not only will it keep you on track for your spending, it will also keep you on track for your to-do list. Why? Because so much of what we do around the holidays involves spending. Purchasing supplies to have guests in your home, purchasing food to feed those guests, purchasing gifts to give to family and friends and items to give for charitable donations. So when it comes to how to organize your holiday budget, I have a few simple tips.
Map Out Your Holiday Budget
Take out a sheet of paper and list everything you can think of that is unique to the holidays. Think cards, photos and postage, gifts, shipping expenses and wrapping supplies. Think charitable giving. Think entertainment and the details that surround hosting everyone in your home. And don’t forget holiday travel which depending on where you need to go can really be your biggest budget buster of all. Basically all the things you are doing that cost you money you wouldn’t normally be spending. And leave room for miscellaneous because you never know what might come up. Next, if you have receipts saved from last year, pull them out to see what you spent. Based on the money you have available this year, assign an amount for each category you have listed and then stick with it. Our GO MOM!® DIY Holiday Bundle has a wonderful Holiday Budget tool with holiday specific spending categories lets you to note the planned amount, actual amount, and note if you went over or under. I live by it and am grateful for how it helps me see where I may need to make adjustments to keep the overall budget in check.
Use a Holiday Gift List
When it comes to holiday budget, gifts are that area that can really knock you off kilter. Why? Because gifts are tied to emotion. In some way, you are emotionally attached to the person you are going to give them too. Even if its just a small gift for the school crossing guard, that’s still someone you want to do something special for to thank them for all they do for you. Our GO MOM!® DIY Holiday Bundle has a detailed Holiday Gift List that breaks your list down into Family, Friends, Co-Workers, and School, and Other for all those people you don’t want to forget like the mailman, bus driver, coaches and more. It lets you list the date you need the gift by, each person you’ll be buying for, the item you’d like to give, where to find it and the price. After you make this list and total it up you may find you have to go back and fine tune it to make things work but one things for sure, you’ll know exactly who you are buying for and how much you can spend. No excuses Mom!
When it comes to the holiday season and how to outsmart the holiday chaos, working with a budget is a simple thing to do. So go ahead and get a holiday budget and gift list started. Taking care to create these tools are the most important steps you can take to make sure you stay on track from the start. So tell me…
How do you manage your holiday budget?
For your very own Holiday Budget Worksheet and more, check out our GO MOM!® DIY Holiday Bundle. At just $4.99. its an incredible value giving you 12 of the most effective holiday planning worksheets to help you get organized now so you can’t help but enjoy all the holidays have in store. And be sure to check out our Holidays 101 Pinterest Board ~ its full of ideas to keep the crazy in check and help you get and stay organized so you can actually enjoy the season at hand. Thanks so much for stopping by ~ we’ll see you next time!