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The Twelve Days of a Budget Christmas-Day 2

christmas post day 02

The Budget Christmas tip for Day 2 comes from my mother.

Every Christmas she would get out a pile of envelopes, write names on them and then put a certain amount of cash in each envelope. (She even had one for wrapping paper, ribbons, etc.)

That is what she took Christmas shopping with her. When the money in your envelope was gone she was done shopping for you.  It kept her right on budget.

I do a lot of shopping online for Christmas but when I do hit the stores I use this system. Rarely in budgeting for Christmas do I add in tax but that can really add a lot of money to your overall budget. The cash envelope system takes care of that and,  no matter how much I know my sister would love that cute scarf if  her envelope is empty I am done shopping for her.

It makes spending more concrete and I am not as tempted to cheat. If I want to buy something more for a particular person I have to take money out of someone else’s envelope and that just does not feel right.

So, if you have a hard time sticking to your Christmas budget I highly recommend the cash envelope system. Plus, as you purchase gifts you stick receipts in each person’s envelope keeping them organized and easy to find if anything has to be returned!

How do you keep track of Christmas spending?

Comments

  1. Definitely on a budget this year. I am giving away my gourmet candles as gifts.

  2. Definitely on a budget this year. I am giving away my gourmet candles as gifts.

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