How to Have a Budget Friendly Christmas

The holiday season is fast approaching, leaving many wondering how in the world they will afford it. The truth is, Christmas can get expensive and if you aren’t careful you will find yourself starting the new year in a negative financial situation.

The truth is though, Christmas doesn’t have to break the bank. There are several ways that you can have a budget friendly Christmas season this year.

Create a Budget

The holidays come with many expenses that must be accounted for. From Christmas parties and decorations to big dinners and gifts, the costs can quickly add up. Starting a budget is the first step to ensuring that you don’t spend more than you can afford.

Break your budget down into the following categories:

  • Food
  • Activities
  • Decorations
  • Christmas Cards
  • Wrapping paper, tags and bows
  • Presents

The presents category can be broken down into a list of names of the people that you will be purchasing gifts for. Make sure to create a budget for each individual and include a couple extra generic gifts to keep in your cupboard for unexpected guests.

DIY Christmas Items

Making your own Christmas items such as decorations, gifts and even advent calendars can help to save your family a lot of money. While you need to be a little crafty, you can make some amazing Christmas items on your own and save big this year.

Try these ideas:

Not only can crafting your own Christmas items, gifts and decorations save you money but it allows for special and memorable time, spent together as a family.

Make it Secret Santa

Rather than purchasing presents for every one of your family members and friends, have everyone draw one person’s name and start a Secret Santa gift exchange. This is perfect to have a fun gift exchange, while keeping everyone on budget, especially when a dollar limit is specified. This is a budget friendly way to gift give without having to break the bank purchasing gifts for everyone.

Make Meals a Team Effort

If you are hosting a Christmas dinner, make it a potluck and have everyone bring their own favourite dish. This will help you save money on a big gathering and allow everyone to have something they love at the dinner. Just make sure that you create a group chat to specify who will be bringing what so that you don’t end up with duplicate dishes. It is also a good idea to make your Christmas gathering a bring your own beverage event as alcohol can get extremely expensive. If you want to provide your guests with a drink, create your own signature cocktail that you can serve everyone as they begin to arrive, keeping ingredients limited and costs low.

The holiday season doesn’t have to break the bank to be fun. After all, Christmas is about spending time together as a family, not about how much money you can spend on over the top decorations and exorbitant gifts. Just make sure to create a detailed budget and stick to it, DIY your own Christmas gifts, décor and other items, make it a Secret Santa and make meals a team effort. Not only will you start the new year with a happy wallet, but you will also have a beautiful budget friendly holiday season.

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