December 1st marks the beginning of the Christmas season. Over the next 25 days, there will be more parties, shopping, and decorating than at any other time of the year.
In February, I warned you that Christmas is coming. Turns out, it shows up every December 25th!
Back then, I told you to start saving for Christmas by figuring out how much you spend in 2010 and saving 1/12th of that every month from January until December. An easy solution that makes December enjoyable instead of stressful.
Now that December is officially here, how did you do?
- Do you have all the cash you need for the month tucked away somewhere safe?
- Are you most of the way there, but may still need to dip into other funds?
- Do you need to work an extra job this month to pay for the holiday?
- Are you going to charge everything and “most likely” pay it off in January?
I’ll go first:
I am $100 dollars short of where I wanted to be on December 1st. My biggest down fall was not having a consistent income over the summer (quitting your job to start a blog will do that). My short fall means my family will be cutting back a little bit this month. Still, we’ll be able to do about 90% of the stuff we hoped to.
All thanks to putting a little bit of money away every month.
Now it’s your turn. You will spend more money in December than at any other time of the year. Are you ready for the added expense or will this be another over-spent Christmas?
How will you control spending this Christmas?