Can you believe that Christmas is only two weeks away?! Where does the time go?
Holiday budgeting can be tricky. Not only do you have the added expense of gifts for your family and friends, but a lot of “extra” expenses seem to pop up out of the blue!
Before you bust the rest of your December budget, I encourage you to take some time and look at your calendar for the remainder of the month and compare it to your budget.
I did this yesterday and realized we forgot a few things. We could have been in some serious budget trouble if we didn’t adjust the remainder of our plan to reflect our commitments.
For example, my husband’s office is having a Christmas party next week and we need to bring a dish to pass…meaning, we will need a little extra room in the grocery budget! There’s also the children’s Christmas program at our church this Sunday for which we volunteered to donate treats. And you can’t forget the extra trips to visit friends and family that will raise our transportation expense higher than normal.
You see, had we not cross checked our calendar with our budget, these $10 - $20 “extra” expenses here and there could have easily put us $100 or more over budget!
Is there anything you are forgetting this month?
Do the kids have additional Holiday programs, meaning you will need to eat out more than usual? Does your work do a $10 gift exchange? Are you traveling more than normal? Do you plan on taking a hostess gift to your friend’s party?
Take some time to review your calendar to keep your budget on track. You may need to eat a few more budget meals this week to make room for the extra gas money. Gifts aren’t always the only additional expense around the holidays!