Budgeting For Christmas

Christmas Pix (2)

Christmas 2013 was the first for my husband and I as a married couple. We had figured out what we were getting everyone: homemade puppy chow in mason jars. I calculated everything out, waiting for the grocery store sales, and covered my kitchen counter and dining room table with pans of cooling puppy chow. But we ended up spending more money than we anticipated.

January 2014, I was working on the monthly budget, and we were able to put away $50 for Christmas. We were fortunate enough to be able to do that for every month, giving us $600 for Christmas. For some families, they are not able to set aside so much, so my recommendation is so set aside as much money as you can and try to stick to that amount for Christmas.

Since I knew my estimate, the next step was to figure out what to do as Christmas presents and how many people were on our list. It took longer than usual to figure out what we were going to do.

We eventually decided on Emergency S’mores Kits. Packages included: (4) Santa modeled chocolate bars; (4) Jumbo marshmallows; (1) package of plain graham crackers (the ones that come in the 6 half packs); (4) bamboo skewers; package of water-proof matches; and a packet of Wise Fire Emergency Fire Starter. (Husband found those in the LA Police Gear catalog.

Here’s the price break down:

Santa modeled chocolate bars $3.97/6 pack (total needed: 14 packages of chocolate bars, $55.58)

Jumbo marshmallows

Graham crackers $2.98/6 pack (total needed: 4 boxes of graham crackers, $11.92)

Bamboo skewers $1.99/100 skewers (total needed: 1 package, $1.99)

Water-proof matches $3.99/4 pack (total needed: 5 packages, $19.95)

Wise Fire Emergency Fire Starter $27.19/15 pack (total needed: 2 packages [way cheaper than buying 5 more individually], $54.38)

There were some other gifts bought mainly for convenience and we knew certain family members would not have appreciated the Emergency S’mores Kits.

Gift card for out of state relative: $50.00

Grandma’s gift: $30.00

Mom’s gift: $28.33

Total spent on Christmas 2014: Jumbo Marshmallows + $252.15.

So we were way over on our estimate for Christmas, but I don’t have problem with that. The extra money went towards other things in the month of December after presents were taken care of. It was really nice not having to worry about if we had the money for presents or general living in December. My job’s pay schedule is really messed up Thanksgiving through the end of January.

Everyone that received an Emergency S’mores Kit LOVED it! My uncle and cousin were going hunting a few days after Christmas and were very glad to have these to take along.

Now it is 2015. We’re setting the $50 aside again this year. If it becomes a hardship some months, I now know that cutting back won’t be a big deal. Budget estimate is set, now I need to figure out what we’re going to do this year for presents!

© Cori Large January 1-2, 2015

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6 Responses to Budgeting For Christmas

  1. Carissa says:

    Those are really fun ideas for homemade gifts! I think it’s great that you work toward your Christmas budget goal all year — and stick to it!

  2. I love that idea of the smores kit and this is such a practical way to break down your budget too and know that you aren’t over doing it.

  3. Gillian says:

    It’s SUCH a good idea to budget for Christmas; I’ve never done it but I loved reading your ideas and money breakdown in this post. I pretty much wait until the last minute for EVERYTHING and it can be so stressful!!

  4. Jenny says:

    Such a great idea. I need to cut back on my Christmas spending!

  5. Becki S says:

    We also set aside money every month for Christmas. We have a separate envelope for the other holidays like birthdays, anniversaries, and valentine’s days as well. Holidays are big for us! I am totally going to look into the puppy chow as we always do a same gift for everyone on his side of the family. Thanks for the idea.

  6. mandi says:

    Love the budgeting each month throughout the year – we def dont do this and always ending up paying for it in Jan and Feb. My sister in law does this as well as said it works great for her. Thanks for sharing!

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