Skip to content

Personal Finance and Budgeting advise blog for Canadians and anyone who wants to stretch their dollars…

Menu
  • Home
  • About
  • 5 Principles for Budgeting
  • Advertising
  • Write for Us
  • Money Mastery Videos
  • Contact
Menu

Start Budgeting for Christmas Shopping from now

Posted on November 6, 2011 by budgetsense

It is early November and we are now less than 2 months away from Christmas, which is about enough time to do all your Christmas shopping.

But instead of putting it all on your credit card this year like you have often done, why not start budgeting and saving for it from now? you have at least 4 pay periods from now till the last few days before Christmas and if you allocate a small amount or percentage from each check towards Christmas shopping, you will have more than enough to get all you want for yourself and for your family and friends. And by doing this simple strategy, you get to spend January relaxed and not worrying about upcoming credit card bills.

For example, if you deduct $100 to $150 from every paycheck (less if you get paid weekly), you will have saved anywhere from 500-600 dollars for Christmas shopping which is close to the average amount that North Americans spend on Christmas shopping.

And as an added bonus, you can still go ahead and pay with your credit card to get their loyalty points, and then pay it back right away with the cash you have saved.

The depression that usually sets-in after the holidays are over,  can be partially eliminated this year by following this simple strategy. Not to mention, you are learning a very important lesson in budgeting and finance that can apply to many other situations in your life.

Related

Stay updated! Join our mailing list for the latest articles

Processing…
Success! You're on the list.
Whoops! There was an error and we couldn't process your subscription. Please reload the page and try again.

Recent Posts

  • This Financial Tool Could Either Ruin Your Life or Make It Great—It All Depends on How You Use It May 11, 2025
  • Building Resiliency and Guardrails into your Credit Card Usage to Prevent Overspending May 4, 2025
  • Is Wealthsimple Worth It? A Full Guide to Canada’s Leading Online Financial Platform April 27, 2025
  • Easter’s Supposed to Be Simple—So Why Did It Cost Me Hundreds More Than Christmas? April 20, 2025
  • How to Benefit from Market Crashes: The Secret to Long-Term Wealth April 13, 2025
  • Master These 10 Behaviors to Join the Top 10% of High Achievers (Most People Miss #7!) April 6, 2025
  • Why Your Insurance Premiums Are Rising – And What You Can Do About It March 30, 2025

Archives

Categories

Pages

  • Advertising
  • Contact
  • Money Mastery Videos
  • Welcome to BudgetSense.ca: About us, Purpose and Passion
  • Write for Us

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
©2025 | Built using WordPress and Responsive Blogily theme by Superb
 

Loading Comments...