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Archive for the ‘Budgeting’ Category

I know the last thing everyone is thinking about in June is shopping for Christmas. After all it’s summer time with the bathing suits, BBQ’s, flip-flops and sun burns! There are the bon fires, lighting bugs and pool side festivities. So why on earth am I bringing up Christmas shopping?! It’s simple. Year after year, I vow that that year will be different; that I will save up enough money and buy something for everyone. I start making my list of all the people I want to give a gift to: the teachers that put up with my kids all year, my parents for putting up with me, my aunts and uncles that I’ve never been able to buy anything for. Then there’s my Brother and cousins, and kids of my cousins…. You get the point, lol! But as my luck would have it, every year I find myself completely broke and unable to get anything for anyone. Just the other day, I was at Wal-mart and I saw the most perfect gift for my Brother. It was as if God himself put it on the shelf just for Shawn! I make the mental note to make sure I get that for him come Christmas time. Then it hit me, “why not get it now, so I’ll definitely have it for Christmas?” That started the wheels in my head turning (which could actually be a lengthy ordeal, lol), “I should start getting gifts for people now so I don’t find myself getting overwhelmed come Christmas time. I’M A GENIUS!!” (I actually say that to myself, lol)
So here is the plan of action I feel is reasonable that EVERYONE (even me) can pull off, without having to take out a 2nd mortgage on your house.

  1. Make a list of everyone you want to buy for and then break them up into categories: Family, friends, teachers (obviously if you start doing this in June or July, school will be out for summer. But it’s a given your kids will have teachers when school starts back up) & so on.
  2. Put a price cap on all gifts AND STICK TO IT (there really is no point in doing this if you are not going to stick to the budget you set in place for yourself.)
  3. Go over your budget and set aside a fixed weekly or monthly amount that you can safely spend for gifts. If you can only afford 20.00 a month then only spend 20.00.
  4. Keep your list and gift money on you so when you are out and come across the perfect gift for someone on your list, you can get it & cross that person off of your list.

Keep doing this for the next several months and you will have all of your Christmas shopping done before anyone else even had a chance to start. This is also a great for the kids to do as well. It will help teach them about the value of money and budgeting.

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