We have a budget of $1000 to spend on Christmas gifts. We have 3 kids (we spend about $150 on each child) and 4 nieces/nephews, plus parents/siblings, etc. And we have 5 kid birthdays around the holidays which we loop into the same fund. Until I sat down with pencil and paper last year and detailed all the people we bought gifts for, I never knew we spent so much around the holidays!
So now we plan way ahead for it. We can no longer afford to charge $1000 of gifts in one month and expect to be able to pay off our credit card in full in January.
Last year was the first year we saved up our Christmas money before Christmas. I started in July and by the end of November we had squirreled away all $1000. We had a garage sale, sold some stuff on Craigs List, put aside health care reimbursement money, and I did some survey work on mturk.com.
This year we've done some of the same. Minus the garage sale (not so many things to sell this year). I just deposited some of hubby's work travel reimbursement money into our Christmas fund. We now have saved $475.25. And I've spent some of it already. Got a great deal on some Little People toys at Toys R Us last month.
And I took $200 of the fund and bought Amazon.com gift cards, since our grocery store is offering 4X fuel rewards for gift cards. We usually order quite a bit of our Christmas presents form Amazon, so this way we also get a discount on gas.
I actually LOVE saving for Christmas and trying to find the best prices on the things I'm looking for. I comparison shop for toys every week through the ads. Many people think I'm nuts for shopping this early, but I really enjoy it.
Have you started thinking about Christmas?
Another deposit into the Christmas Fund
September 7th, 2012 at 02:25 am
September 7th, 2012 at 02:50 am 1346986254
We have a family tradition of personally making at least a part of important gifts. It's fun to try out newly learned skills and I figure that's part of why our late gran made it seem so important.
September 7th, 2012 at 12:42 pm 1347021777
September 19th, 2012 at 01:43 pm 1348062212
September 21st, 2012 at 11:45 pm 1348271156
Jerry