Add it all up
List gifts, food, travel, decorations, parties and cards. Last year’s bank statements help.
Divide by the weeks left
That weekly amount goes into a separate holiday fund. See sinking funds.
Spend less without being stingy
- Agree a gift limit with family, or do a Secret Santa.
- Make gifts or give experiences.
- Shop with a list and stick to it.
- Buy decorations and wrapping in the January sales for next year.
Try a challenge
The 52-week savings challenge started in January covers a lot of holiday spending.
