Easy Steps to Make Your Written Holiday Gift Budget

If you stress every year over how to pay for all your holiday gifts only to suffer remorse come the first credit card bill of the new year, you are not alone.  In fact you are in the company of over 70% of the population according to multiple research and consumer studies.  You want this year to be different.  You want this year to finally be the year that there is no post-holiday financial stress. That’s what these 31 posts are all about.  You can save money, stick with a budget, and have a joyful holiday with these tips.  If you don’t already have a written holiday gift budget, stop what you’re doing right now.  Don’t buy or make a(nother) gift until you get a written holiday gift budget into place.

Your written holiday gift budget truly is the cornerstone of the entire holiday savings pyramid. Learn how to make it happen easily with these tips.

[bctt tweet=”Don’t buy or make a(nother) gift until you get a written holiday gift budget into place.”]

Pick Your Number

The first place you always want to start when making any budget is with the total amount you have to spend.  Think realistically about what you can actually afford to spend.  This is the time to be brutally honest with yourself and not sugar coat your situation.  No one else has to know your financial situation but you definitely do.  When determining your budget, keep these tips in mind.

  • Don’t think about who you have to buy for.
  • Don’t think about that $60 Xbox game your child wants.
  • Do think about your existing debt.
  • Also think about all of the other financial obligations you have coming up during the holiday season such as food, travel, and sporting tournaments.
  • Do think of how miserable you felt after overspending in previous years.

 

Your written holiday gift budget truly is the cornerstone of the entire holiday savings pyramid. Learn how to make it happen easily with these tips.

Make Your List

Once you have your total number for your budget, set it aside and forget about it for a second.  Start making a list of everyone you need to buy gifts for.  Make your first draft quickly and include everyone that comes to mind.  Only after you have made this list should you look back at your budget and compare the two.  Take a hard and critical look at both.  If you have a $50 gift budget but also 50 people on your list then you need to make some serious cuts.

No matter who is on your list you can make cuts.

Later in the series we will talk about alternatives to traditional gifts and gift exchanges but, for now, here are some tips you can use to cut your current list.

  • Combine couples and/or families and give them one gift.
  • Cut out coworkers.  If they are close enough to truly warrant a gift, they will understand that it is just not in the budget this year.  If they don’t understand, clearly they don’t deserve your time, energy, and money anyway.
  • Resolve to send a thoughtful card to your child’s teachers instead of actual gifts.
  • Cut anyone that you don’t communicate with on a regular basis that isn’t family.

 

Your written holiday gift budget truly is the cornerstone of the entire holiday savings pyramid. Learn how to make it happen easily with these tips.

Allocate Your Funds

Gift Budget Example

Once you have cut down your list, it is time to start allocating your funds.  You can’t just set up a general total budget number for the group and expect to stay on budget.  Each person needs to have a specific dollar amount assigned to them.  As you make purchases for that person, subtract the amount spent from their totally allocated amount.  (31 Days Subscribers get a free printable planning page for this along with instructions to assist with this step **Update** All freebies from this 31 Days List have been moved to the VIP Library for subscribers. Sign up for free here!).  Here is the general guideline to follow when breaking down the total amount of your written holiday gift budget:

  • Immediate Family: 40-50%
  • Extended Family (Grandparents, Brothers, Sisters…): 20-30%
  • Close Friends: 10-20%
  • Everyone Else: 5-10%

Our Gift Budget 2015

Again, these are just a starting point for you.  You will inevitably need to allocate funds to fit your list.  Our percentages do not fall precisely within these parameters but we do stick pretty close.  We have a total budget of $500 broken down as follows:

  • Immediate Family (including stockings): $235 or 47%
  • Extended Family: $140 or 28%
  • Close Friends: $110 or 22%
  • Everyone Else: $15 or 3% (we only have 2 that fall in this category)

As you can see, we don’t fall exactly within the guidelines set above, but we also aren’t too far off.  Our “everyone else” category only needs to accommodate two people so that gives us slightly more freedom in other categories.  The same goes for you.  If you have a ton of very close friends but not much extended family, consider switching those two guidelines to accommodate your family.

 

31 Days of Saving on Holiday Gifts: the free course to help you have you best holiday season yet! From building a strong budgetary foundation to finding small and large ways to save, this will help you knock your holiday gifts out of the park without breaking the bank!

Alright!  Give yourself a pat on the back because you have the key piece of your holiday savings foundation. Your written holiday gift budget truly is the cornerstone of the entire process.  You now know exactly how much you have to spend and exactly who you’re spending it on.  That’s half of the battle right there!  Come back tomorrow and we’ll tackle what you 3 main options are for actually obtaining the gifts you need.  Also, don’t forget to sign-up for the 31 Days of Saving on Holiday Gifts newsletter to receive access to extras like the Gift Budget Planner mentioned above! **Update** All freebies from this 31 Days List have been moved to the VIP Library for subscribers. Sign up for free here!

 

31 Days of Saving on Holiday Gifts: the free course to help you have you best holiday season yet! From building a strong budgetary foundation to finding small and large ways to save, this will help you knock your holiday gifts out of the park without breaking the bank!

 

If you missed the introduction to this series, check it out at 31 Days of Saving on Holiday Gifts.

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Break the Machine and Save a Life: Say No More

Is there something about your past that you don’t like to bring up or let people know about because then it seems to define you?  You are not your past and although we all logically know this, sometimes we can’t help ourselves.  We are all guilty of it to some degree.  The new friend that turns down a glass of wine because he or she is a recovering alcoholic… We feel sorry for them, appalled that they could ever be so out-of-control or we feel guilty for having our own glass.  The list goes on.

Well, I have one of those “things” that I don’t bring up to just anyone.  I have fought for the cause and I have educated people but my personal stories were either omitted or portrayed hypothetically in a Jane Doe sort of way.  This year I have realized something.  By not sharing my personal experiences I am not only allowing it to still have power over me but I am perpetuating the shame and pain that keeps others from speaking up about their experiences and situation.  No more.

 

Break the Machine and Save a Life. #NoMore

This may be one of the hardest posts that I ever write so please bear with me… Nothing like just ripping off the Band-Aid so shall we?  I grew up in a domestically abusive home with my father abusing my mother which later resulted in one terrifying night of abuse of me when I turned 18.  Some of these events are stories I have shared a thousand times without truly taking ownership of them for fear of the exposure and vulnerability of such a thing.  If I am unwilling to lay claim to my story then how can I expect other to speak out and get help?  I don’t want to continue the cycle of secrecy and violence.  There is so much to share, however, that there is no way I could ever fit it all into one small post, but my hope is that by sharing this condensed set of experiences that it will help at least one person get out of their situation.

 

Break the Machine and Save a Life. #NoMore

Some of my earliest memories are ones of terror.  I remember being held in the back seat of a car one night (when I couldn’t have been more than four) by my mom as my uncle busted out the window behind us with a baseball bat.  Glass shattered around us until we eventually got away and made it to a crappy motel that night (in the glass-filled car).

My terror wasn’t just outside of the home, either.  I would see and hear my parents fighting at night.  I heard the shattered dishes.  I saw my mother’s black eyes.  I was there as a kitchen table was flipped at my very small feet.  I saw the handprints on her neck and the burn marks on here arms.  I know what it is to feel helpless and terrified, wanting so badly to help but unable to move.

There is more to it, however, than just the violence.  There is a sickness that surrounds the entire relationship.  That sickness is the reason that I got in trouble from my parents when my grandmother manipulated my six-year-old mind into telling her why my mom was really “sick” (read: trying to hide bruises).  That sickness is also the reason that after witnessing the shadows on the wall of my father holding a shotgun to my mom’s head I was told for years that I must have dreamed it.

 

Break the Machine and Save a Life. #NoMore

Even though I didn’t realize it at the time, the abuse was not limited to my mom.  If my brother or I could not find the mate to one of our shoes, the entire box of shoes would be dumped on our heads.  If my 7-year-old brother laughed at something my father said the wrong way, he would be yanked from the couch by his arm like a rag doll.  I once walked to the store to get milk at the age of eleven and upon purchasing it, put the change in the grocery bag.  Crossing the parking lot that bag ripped and the money flew everywhere as I scrambled to retrieve it.  Once I returned home, apparently five dollars was missing.  My father was enraged and ran after me as I fled to my room and threw myself onto the bed.  I remember thinking in that moment that I was going to die.  This man was going to kill me.  In the first true show of strength I had ever seen in my mom, she threw herself across me, shielding me, telling him that he would hurt me over her dead body.  I remember briefly thinking, “What a stupid thing to say.  Now he’s going to kill us both.”  But he didn’t.  In fact, he turned and stormed away.

[bctt tweet=”Break the Machine and Save a Life. #NoMore”]

What is the worst part about all of this?  For a long time I had no idea that there was anything wrong with our family.  Secrecy plays such a huge role in domestically abusive relationships.  I was forced to pretend like everything was okay so I just assumed that everyone else was doing the same.  That is where the true power lies.  Chances are that many of you know that October is breast cancer awareness month.  How many of you know that it is also domestic violence awareness this month?

 

Break the Machine and Save a Life. #NoMore

And that is the true root of the problem.  That is how deep-seeded the sick secrecy is of the matter.  That is why the cycle of abuse continues generation after generation.  I want to break the silence.  I am starting right here and right now.  Every Friday in October there will be a new post about domestic violence from interviews with victims to places and tips to get help.  I am asking you to help me take a stand and say no more!  No more tolerance.  No more secrecy.  No more cycle.  Break the cogs and the machine breaks down.  Break the machine with me and save a life.

Raise awareness and learn more about this each week. Subscribe to our newsletter.


See where I’m linking up!

 

31 Days of Saving on Holiday Gifts

In the weeks since Save on Holiday Gifts and Prevent Overspending went life, I have received tons of feedback about the issues you struggle with when it comes to trying to save money on holiday gifts.  Some of you have trouble sticking to a budget even after making it.  Some of you get caught at the last minute, gift-less, and have to find something NOW no matter if you have to overpay or not.  Some of you simply do not have the time to make a bunch of handmade gifts.  Some of you are so overwhelmed with your list that you don’t even know where to begin to budget.

It breaks my heart to see so many of you struggling to financially deal with the holiday season.  For that reason, I have decided to take part in the #write31days challenge in order to give you the tools you need to save on your holiday gifts (and to extend that help to everyone I can through an awesome network of amazing people).  Each day in October I will give you the tools to help you save this year on your holiday gifts!  These tips will help anyone save, whether you need to buy all of your gifts or have the spare time to make them.  No matter how you plan to get your gifts, the absolute first thing you have to do is make a budget.  Having a budget will set the foundation for the rest of your holiday gift-buying.

31 Days of Saving on Holiday Gifts: the free course to help you have you best holiday season yet! From building a strong budgetary foundation to finding small and large ways to save, this will help you knock your holiday gifts out of the park without breaking the bank!

Where Do We Start

Because a budget is so crucial that is where we will start on October 2!  I am so pumped to help you on your holiday journey that I’m including all kinds of bonuses for you, but more on that later!  The next thirty days will run like a mini-course for you so that you will start with a solid foundation in the beginning that we will build upon over the next weeks.  By the end, you will be ready to knock your holiday gifts out of the park without breaking the bank!

How I Know This Works

I have been using these tips for years and this year I have set my most ambitious holiday budgeting goal yet: $500 for 30 people! If it seems impossible, it’s not!  I will show you how I am doing it and give you the tools you need to do it, too.  Most importantly, I will give it to you straight.  I will tell you which ways are going to save you the most and which tips will help you save the most you can for your lifestyle.  (Oh, and want to know a little secret?  I’m already diving in to our Christmas list this year and I have tons completed while coming in way under budget!)

Don’t Forget the Bonuses

Okay, remember those bonuses I mentioned earlier?  They will include a free printable gift budgeting and planning worksheet, exclusive tutorials, additional worksheets throughout the month, and an exclusive deal at the end of the 31 days!  Pretty sweet, right?  If you want access to all of this and exclusive notifications when the next tip is live, sign up below:

31 Days of Saving on Holiday Gifts: the free course to help you have you best holiday season yet! From building a strong budgetary foundation to finding small and large ways to save, this will help you knock your holiday gifts out of the park without breaking the bank!

Did I mention that this is an exclusive list only for the 31 Days series?  This is totally separate from our regular subscriber list so if you’re already a subscriber you won’t be getting the exclusive course content unless you sign up here.  If you’re not a subscriber (though we’d love to have you become one) when you subscribe to the series, you will only receive the 31 Days of Saving on Holiday Gifts updates and exclusives.

I am so excited to kick this off with you guys and I can’t wait to dive in!  Looking forward to seeing you tomorrow!

[bctt tweet=”31 Days of Saving on Holiday Gifts: the free course to help you knock your holiday gifts out of the park without breaking the bank! #write31days #DIYholidayChallenge”]

Don’t Worry if You Can’t Catch a Post On Release Day

You can always come back to it here.  There will be a running list of all of the posts in the series.