Christmas is just around the corner, our focus gradually shift from our commitments to Christmas and with this comes the annual Christmas spending spree.
Unfortunately, many families do not set a budget for Christmas and based on their credit cards to get through
the holidays.
Shortly after Christmas these same families will also develop symptoms of "Christmas gives Blues" which can contain an upset stomach, lack of sleep and stress.
You know that feeling you spend up big. charge to the card, and then spend the next few months worrying about how we are going to pay your debts vowing never to Christmas and let this happen to you.
Unfortunately, this is a reality for many families, every Christmas and they just don't seem to be able to escape the circle.
This year, give yourself and your family a Christmas gift and receive the "Challenge Christmas budget" and enjoy your Christmas without the pain of Blues Christmas.
There are two parts to the Christmas Challenge:
1. put in place a strategy that will help you survive Christmas with as little pain as possible.
2. putting in place a strategy that will give you a plan for your next Christmas fun. the draft also will run on your own without even thinking about it.
Let's start by implementing a plan that will hopefully make this Christmas a little hip: in your Pocket
1. take a look at your finances and set an upper limit you may be able to spend Christmas. allocate a certain amount of gifts and some other Christmas is to start your Christmas budget.
2. Leave the credit card at home and paying for Christmas with money, as far as possible.
3. Keeping track of all your Christmas spending. a good way of doing this is a small Notebook and pencil and writing your purchases.
Gift purchases
4. To invite relatives and agree that prizes will only be purchased for children
5. take your Christmas budget allocated in step 1 and divide it by the number of gifts that you need to buy the figure is the maximum you can spend on each gift.
Christmas shops food
6. Take your Christmas budget table and make a shopping list.
7. When you are shopping you use a calculator to make sure that you stay within your budget.
8. save money by looking for cheaper priced goods top and bottom shelves.Try not to buy items that are on the shelves at the level of the eye, they usually are the highest-priced items.
9. try not to buy the items in the display the shopping corridors, these items are usually more expensive than items that are in the corridors.
10. comparison of the prices of similar items, and to buy the cheapest item.
11. remember that Christmas is only one day a year do not need to spend a week, it is worth shopping money one day.
12. ask each to provide a bowl food, beverage or dessert.
Just Christmas is over and the pain is fresh in your mind must take action and implement the second part of the "Challenge budget Christmas" this next step will ensure that you have enough money for the next Christmas
1. add up all your expenses Christmas including gifts, food and any other costs.
2. Take the total cost of your Christmas and divide it by the total amount of paid until the next Christmas.
3. open high interest bank account with the following characteristics:
-No minimum opening balance
-Interest is accrued daily and be billed each month
-Interest in that bank account must be higher than the rate of inflation.
-No bank charges
ING Direct and Citibank are account online banking which is relevant for your Christmas budget.
4. organize an automatic bank transfer from your bank account to your Christmas budget. this transfer will be in each clubs for the amount you worked in step 2. it is important that this be automated, because most people will stick to this plan, if it is a manual process.
5. when Christmas comes around to withdraw your money and repeat the process again.
This plan is very simple and effective stunning and you will be able to enjoy your Christmas without pain Christmas Blues bid.
About the author
Bernie Wiemers is studying personal finance and wealth building strategies for the past 3 years; this is dedicated to helping others to achieve their financial goals and running my website wealth plan-http://www.my-wealth-plan.com published articles of personal finance and wealth creation strategies.
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