Budget Update: Christmas Gifts

Last year I did a pretty good job Christmas planning and shopping. I made a list and then tracked it to see if I had enough room in the budget. While I increased my gift budget this year based on my Christmas spending I quickly realized that I underestimated how many gift giving occasions currently occur in my life.

So once again I was in the position of using my budget loophole to ensure that I didn’t go into debt to afford the presents I wanted to give. I’m really glad that I considered my gift list in August so I was able to begin shopping in September. While the actual items varied in some cases the value of them was relativily consistent with the exception of one person who I opted to spend 3 times the budgeted amount on.

This decision is because this family member rarely asks for anything much less expensive things. I was given the option of purchasing 1 of 3 items but opted to purchase 2 of the 3 items on their wish list. The joy it gives me to treat this person is worth the overspending.

The interesting thing with Christmas 2016 presents is that I’m spending less than the amount I anticipated but because I dipped into the Gift budget line so often over the year I’m feeling the pinch.

My plan in 2017 is to maintain the amount I’m putting in this line as I suspect if I increase it I may just spend more. However, I will also plan to use any money that is not specifically allocated to a savings line in the latter part of the year to the gift line.

All this being said, the gifts that I’m really trying to give are these:


Image result for minimalist christmas to do list

What steps do you to take to give the gifts that you want to during the Holiday season?


photo from here


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