Budgeting for the Holidays

Summer is fading fast as we head into cooler weather. The holidays will soon be upon us! And with many struggling due to Covid, now’s the time to start planning for the holiday season! Here’s our top tips to help you prepare!

Holiday Expenses

Make a list of your holiday expenses. Don’t forget to include travel, gift lists, white elephants, wrapping paper, and cards. Make use of free holiday budgeting worksheets found with a simple Google search.

Set a Limit

Figure out how much from each paycheck you want to set aside for the next 3 months and stick to it. Avoid the temptation of spending more than you can save and nix the credit cards this year, you’ll thank yourself in January. Write down your nearest and dearest and put a dollar amount next to each name. Don’t break the bank by going over and buy within your means. It’s the thought that counts!

Create Your List

Create your shopping list now and start shopping now! Buy a few presents each paycheck to space out the expenses and avoid the holiday rush. Avoid spree shopping and keep to the list.

Take Advantage of Sales

If Black Friday mayhem isn’t your thing, Cyber Monday sales will be a surefire way to snag some great deals on big-ticket items. Keep your eye on discounts and coupons from your favorite stores to help cut costs.


If you’re the crafty type, try your hand at making personalized gifts like ornaments, wreaths or photos. Make sure to calculate crafting supply costs into your budget.

Buy Extra

Pick up a few generic gifts and stash them away. If you find yourself in a gifting pinch, you won’t have to scramble last minute.