How to Budget for Christmas

With the holiday season rapidly approaching, it is getting down to the wire on gift-buying time. With so little time and so many people to buy gifts for, it can get difficult to keep track of your spending. However, with a few simple tricks, you can keep within your budget while still giving everything just what they want.

First, you have to determine exactly how much money you are willing to spend on Christmas gifts. This can vary from person to person, and will also likely vary depending upon how many people you plan to buy gifts for. When you have a hard limit on your spending, it can be very easy to keep yourself under the limit.

Simply take the limit you set for yourself and divide it by the number of people you need to buy gifts for. If you keep the total cost of the gifts you buy for each person under that per person limit, you will not go over your overall limit, thus achieving your goal.

However, how can you best track your purchases? Well, that’s where tracking methods have to come in. Either you can use one of many purchase tracking apps on your smartphone or you can use good old pen and paper. Either write down or record each purchase you make, keeping a running total of your spending. If you do this for each person, you will stay happily within budget, and your loved ones’ gifts will all be accounted for!

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