Today's day 2 of the 21 Days to a Simple Christmas Challenge and probably the hardest for many out there: BUDGET. If you have been following my blog you'll know that we have been going through the My Money Makeover by Dave Ramsey. It truly has been life changing and this year we head into the Christmas season with money set aside and many gifts already bought.
To set enough money aside I had to sit down and figure out what we spend on gifts for everyone for Christmas, Birthdays, and Mother's and Father's Day. After I figured that out I divided it by 12 and so every month we set aside $75 for gifts.
This year we are looking at spending about $365 on siblings, nephews, and our parents. Some of those gifts have already been purchased. This may be the last year we exchange with my siblings and spouses and instead exchange names and donate to a charity instead.
On our kids we spent around $50 a piece which includes blankets I made them and a few toys.
I use gift cards I've earned from Amazon and the cash back on our credit card (which we use like a debit card and I track EVERY SINGLE PENNY) to pay for my husband's gift. He uses cash he's gotten here and there often times money he's gotten donating plasma.
We've always known what we'd spend on each person and have stayed on our sort of budget but this is the first year we will not have to come up with the money after the fact. We have the money up front, just sitting there waiting for Christmas to come around. I cannot tell you how much less stress I feel about that.
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