Christmas on a Budget: A Step-by-Step Guide

There are so many fun, festive and inexpensive ways to celebrate Christmas on a budget. Here’s how you don’t have to spend a lot of money and still have that Christmassy feeling this year.
Christmas budget
Christmas on a Budget: A Step-by-Step Guide
Even if you aren’t someone who spends an extravagant amount, creating a budget for Christmas will help you. Have you ever asked yourself if you will have a great Christmas on a budget? Well, we all know that Christmas is the most wonderful time of the year, a time when people spend tons of money. That eventually leads to racking up tons of debt buying Christmas gifts for your loved ones.
In this article

Once the holiday lights dim and the new year rolls in — reality check hits hard when all those credit card bills arrive. And that is never fun. That is why we decided to help you plan your Christmas on a budget this year. Because we want to ensure you get through the holidays financially sound and don’t want you to miss out on all the fun(ds).

Get your Christmas budget right

First, start with listing out who you plan to buy gifts for and how much you are willing to spend on each person. Also, add anticipated expenses like food for a holiday meal. When you plan a budget, if you can spend less, that would be great. But understand that spending more is a big NO-NO and that would just ruin your Christmas and New Year.

For the best gifting experience on a budget, you should try Beem. Spread the Christmas cheer by downloading instant funds to buy those last-minute gifts. You can also download your line as gift cards — the perfect present for the most wonderful time of the year. Subscription plans at line start at just $1.97/month. Buy gifts now and pay later.

Plan ahead and shop smart

If you missed this in 2021, you can always stay on top of your game for 2022. Don’t get easily side-tracked with all the fancy advertisements that meet the eye. Have a game plan that you can easily stick to your guns.

Map out the days and stores you’ll be shopping. Also, you might want to leave those credit cards at home and only use the money you have saved. You do know that the whole point is to avoid racking up any holiday debt whatsoever.

Save for your Christmas budget

Before Christmas sales, hit the stores. Try and find any expenses in your budget you could cut. While you’re running your numbers, ask yourself if a particular expense is necessary. Check and see if it’s reasonable. If you need to, try and pick up a side hustle for Christmas.

Now that you’re serious about having a plan you might as well execute and stay committed to it. Have a savings partner/accountability partner on board, and keep tabs on each other. That way you both can motivate each other to stay focused and smash those Christmas goals together.

Tap into your festive creativity

Are you a firm believer in less is more? Yes, you might want to want to buy the world for people, but remind yourself that they don’t need it as much as you think they do. A shirt in one color is better than three different shirts in three colors. One gift is enough for one person and it will help you stick to your budget.

If you enjoy making things, there are a ton of creative ways you can make gifts yourself. It saves a lot of money! Consider giving experiences instead of material stuff.

Host a gift swap meet

Host a party in lieu of buying gifts for friends and family. Your Christmas budget savings will top your game with this strategy. Moreover, your family and friends will gain a new appreciation for your cleverness. If you want an even more festive, but inexpensive event, make it a potluck dinner.

Was this helpful?

Did you like the post or would you like to give some feedback? Let us know your opinion by clicking one of the buttons below!

Shirlene Grace Isaac

Shirlene Grace Isaac

Shirlene puts words on the Internet because she loves to do so and also for the money! She is a singer, songwriter, occasional poet, artist and muser — all in the body of a 20 something. She's a taleteller of sorts often looking for opportunities to narrate stories untold.

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

Related Posts

APY vs Interest Rate
APY vs Interest Rate
When understanding the returns on your savings, investments, or loans, two crucial concepts come into play: the Annual Percentage Yield (APY) and the nominal Interest Rate. Let's explore how APY vs interest rate can impact your financial decisions.
Both APR (Annual Percentage Rate) and APY (Annual Percentage Yield) have the power to shed light on your financial journey, providing clarity and confidence as you navigate the intricate landscape of interest rates. Let's delve into how APR vs APY differ!
Annual Percentage Yield Vs Interest Rate
Annual Percentage Yield Vs Dividend Rate
While Annual Percentage Yield (APY), the master of compounding returns, promises exponential growth, Interest Rate, the traditional workhorse, offers steady earnings. Check out how distinction between these two can shape the fate of your investments.
Yield vs Return
Yield vs Return
Investments and savings are often complex to understand. In an effort to demystify all the complexities, here is a detailed understanding of how yield vs return work, as well as details on how the two are different. Read on to know more.

Save big on auto insurance - compare quotes now!

Zip Code:
Zip Code: