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Do you really do Christmas budgeting?

Date: Tue, 12/12/2006 - 04:40

Submitted by dave
on Tue, 12/12/2006 - 04:40

Posts: 44 Credits: [Donate]

Total Replies: 20


Do you really do Christmas budgeting? I spend randomly and without much calculations and thus sometimes ended up making a wallet hole.

What about you, do you do a budgeting for Christmas?


Actually, I do. I will figure out how much I have to spend (always in cash). I'll take out for token gifts first (for my sisters, their husbands, etc.) The rest, I'll divide by 5 (I have five kids). If they have kids, I'll get less expensive gifts for them and spend most of their share on their kids.


lrhall41

Submitted by dbaker6 on Wed, 12/13/2006 - 18:15

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What I used to do was decide how much money I could actually afford to spend. Then make a list of who I would be giving gifts to, in order of importance (family, best friends, acquaintances)and an idea of what to buy. I would then divide the amount of money by the number of gifts and have a rough idea of what I could spend on each person. And now that I see dbaker6's post we do almost the same--L0L.


lrhall41

Submitted by Lorri on Sun, 12/17/2006 - 18:15

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Dave I try to start early doing lawaways and stuff that way I can string it out. I set a budget for my kids and try not to go over. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Sun, 12/17/2006 - 19:21

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Brownsugar WalMart stopped it period. No more anywhere. BOO!!!! I will go to KMART now. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Sun, 12/17/2006 - 20:21

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My sister's entire family (basically, anyway) works at Wal-Mart - they've had their share of REALLY upset customers on the layaway issue. I know that for myself, I used it at Christmas time and for back to school clothes for my kids. I think eliminating the layaway chain-wide was a BIG mistake on their part. Sales are down this season for them, and I'm sure this is a big reason for it.


lrhall41

Submitted by SUEBEEHONEY70 on Sun, 12/17/2006 - 20:36

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And on the topic of Christmas budgeting, I beat that monster long ago by shopping all year long. When I see something on clearance or a good sale that I know will make a good gift for a particular person, I pick it up. But only if I have the extra money at the time, and it won't cause a financial hardship for me to do so. (A bargain is no bargain if you can't reasonably afford it!)

This year, however, things were a lot different for me, and I was unable to do my year-round shopping. That has put me in a big crunch here at the last minute. Now I know why I try to shop year-round!


lrhall41

Submitted by SUEBEEHONEY70 on Sun, 12/17/2006 - 20:38

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Suebee, The crunch is on this week. I will be one of the nuts out Christmas eve. LOL KYSIDE38


lrhall41

Submitted by KYSIDE38 on Sun, 12/17/2006 - 20:47

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I really do have to do budgeting. I know I need to save at least $356 for my dmp. I've been shopping since the summer-just getting stuff here & there when its on sale & when I can afford it. It easier this year as we've all agreed that we are not buying for adults & just buying for the kids in the family. Right now that's 6 kids we shop for, so I try to get stuff when I can.


lrhall41

Submitted by lawn1016 on Tue, 11/27/2007 - 19:22

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I applaud all here who are budgeting this Christmas..I read in business section of my local paper today that credit card spending is up this season..and of course people are out there spending more and still haven't paid off 2006 Christmas debt..I honestly think a soft Christmas season for retailers will be a good thing in the long run..people can recover more easily after spending less..and will be more able to spend throughout the rest of the year..I also read today that a huge portion of income tax returns are used to pay off Christmas credit card debt..and everyone knows it's all about Christ and not about gifts but still we get caught up in the spirit of the season and overspend..my niece works at a huge craft/sewing store here..2 days after Thanksgiving she worked overtime displaying Valentine merchandise..crazy if you ask me..but it is what it is


lrhall41

Submitted by socksfullofrocks on Fri, 12/14/2007 - 22:29

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