Yesterday, I announced my new year long series, Christmas Savings Club. To kick off the series and get everyone started on the first step, I created a Christmas Gift & Spending Budget excel spreadsheet that I am offering FREE to readers. Details on how to obtain your FREE copy will be at the bottom of this post.
Our goal with the Christmas Savings Club is to save enough cash to achieve a Cash Christmas in 2013. Too many people rely on credit cards to carry them through the holiday spending and January ends up being a very stressful month when those credit card bills start rolling in.
Before the first meeting on the 25th, everyone needs to create a Christmas Gift & Spending Budget for 2013. On the budget, list all of your Christmas spending from 2012, include gifts, decorations, cards, stamps, parties, etc. Next, fill in a budget for 2013. This can be a working budget, where you make modifications through out the year, but you need a place to start.
A view of my FREE spreadsheet:
After you fill in your 2013 budget, divide that total number by 11 and that is the amount that you need to save each month between now and November.
I'm offering the excel spreadsheet FREE to my readers. All you need to do is email me your request at: familybalancesheet @ gmail (dot) com.
January's Christmas Savings Club Goal: Create your budget, divide by 11 and save your first month's goal. Stop back on the 25th and let us know how you did.
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