It is the festival season we are going to step on and we need some budget management plans for this season for sure. The whole world suffering from Covid 19 situation, so the one who uses their brain still has some chance of victory in this financial crisis. Just practice thinking twice before pulling out your purse, this can make a difference for sure. We have only two weeks remaining for an outstanding celebration which we were doing for many long years. It is a tradition or it may be what you love but needs to think twice about your Christmas celebrations with this global pandemic situation.

The statistics showed that many people end up with a debt at the end of this festival season during Christmas to the new year. We all love to celebrate Christmas without age limits and even without religious limits. Christmas is what practices us to spread love and remain peaceful, calm inside us. Is it really appropriate to spend some extra dollars in this situation ? This point has a huge question mark in front of it. It is really a very heavy thing to be considered. However, most of us know keeping it a little bit simple sounds good for our mental health. But what about the tips? That’s what we are going to concentrate on through this discussion.

Overview Of Last Year’s Christmas Expenses Analysis.

I wanted to give you an idea about some analytics stated by Investopedia, a well-recognized website. These analytics might create a visual on your mind of how people spend their money for Christmas celebrations. I must state that according to the statistics, last year’s Christmas expenses have passed the milestone trillion dollars mark and that made single house average expenses to the number $1536 within the U.S.A. I also want to share some more analytics not to scare you but to make you acknowledge a matter to be highly concentrated. you can use your money and enjoy or celebrate, but If it leads you to a financial crisis I recommend thinking again.

  • 32.8 million real christmas trees were sold.
  • 60% of gift dispatches were done through online shuttles.
  • Average expenses on spouse was $123.
  • According to surveys 22% of U.S citizens knows very well that they are going to end up with a debt at the end of the season.

Read the last one again, 22% of the people know their destiny but do not focus on changing the miseries they already know. Sometimes they won’t have any choices or maybe they love to celebrate, however, if you can keep the things inside a perfect plan you can get rid of this problem. Try some alternatives, try some trends and lower down your expenses by being smart.

How about a christmas budget managemant chart.

Budget management charts are really very important to an individual or a family person. You can choose different types of budget management charts suitable for different times. You can maintain a lifetime budget management plan or a plan specified for special events. I offered you some tips about a monthly budget management plan which can use to ease your budgeting works. Apart from this, you can design a separate budget format for this Christmas season. You can have an idea about generating this format by referring to the below example. The below one will be really very helpful for you to maintain a secure budget without reaching any debit limits.

Tips To Stay Low In Upcoming Christmas.

01. Prioritize and maintain a well-prepared Christmas budget plan.

This is a pretty nice activity to follow in the upcoming Christmas. You can focus on a specially prepared Christmas budget format. Needs to tell you something important here, You have to start working on your budget format with zero budgets. The zero values will help you to understand how you should put the numbers into exact areas. You can use the above-updated chart or else even you can work on a newly designed format that suits you. Starting with a zero budget is always better because if so, you will have an idea about dividing debts, credits and balancing the chart with ease. Try to forecast your budget with a well-executed plan and you will not get struck on debits at the end of the year.

02. Handle the christmas deals carefully.

So important to take into mind that many people trying to earn some more dollars into their pockets in this season. Do not try to spend unnecessarily on Christmas deals and offers. Try to find some best deals on real needs and do not jump into some unnecessary deals. You shouldn’t pick up the disadvantage of buying everything on offers.

03. Try a lower budget christmas night meal plan.

It is very common to see a delicious table of meals on Christmas evening. We all love that occasion because the entire family gets together to have a joyful diet. In this year you can try something like this, a low-cost meal but much delicious. This can be done by cooking your dinner at home without many and more outside deliveries. Try various food items at your home. Try to save as much as you can. Although I recommend not to inform your family about this because they will feel some bad with this step. So try it and feel free Christmas this time.

04. Use handmade gift items.

You also will agree if I say Handmade has more value than purchased gifts. People know It takes time and more dedication to make a handmade ornament or gift item. So it values a lot more than just buying something from the shop. Through this, your gift gains some high-quality value and on the other hand lower budget can save you some bucks. Yeah well, I think this is a really good plan to execute during the upcoming happy christmas. You can survive not being ambushed by loans or debits.

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05. What about parties.

Party is a usual thing in this season. What if you can arrange a family or friend party without spending some more money. Try lowering the guest count. Try meet-ups at your premises other than hotels or restaurants. If you can do the above then you will not reach a higher value. You can satisfy your mates and also you can be satisfied with your budget engagement.

So try the above tips and see how you can reduce unwanted spending on this cool Christmas. Christmas is all about spreading love and peace not spending money. try to categorize your needs and manage the budget accordingly, you will be amazed at the results you gain. So wish you all a Merry Christmas and a happy new year.


If I tell you more about Salika Wijesinghe, I was a former General Insurance Analyst, a former customer service associate in a telecommunication network, Former customer service executive in a bank. Now I'm really very happy to share my knowledge with each and every one of you. Also, I represent a kind-hearted world community because I love helping people as well as animals. I hope my ideas are helpful, so you would find it easy to step forward in this life journey.

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