Use These Strategies To Financially Prepare For The Holidays And Avoid Holiday Overwhelm.

The holidays really have a way of sneaking up on us, especially when it comes to spending. One expenditure snowballs into the next, and the next thing you know, you are reaching for that credit card you just paid off a few months ago.

These systems and tweaks will help you financially prepare for the holidays and adjust your budget so that you don’t get walloped this season.

Financially prepare for the holidays with these tips to organize your budget and enjoy a stress-free season! Don't let the holidays break your bank!
Financially prepare for the holidays with these tips to organize your budget and enjoy a stress-free season!

The 4 Areas To Prepare And Budget For The Holidays:

1. Budget for the extras

Little things add up. Gas and travel, quick lunches out while shopping, cocktails with co-workers to celebrate before a holiday break. Soon enough, you will be dipping into your regular budget or holiday gift money to cover these expenses.

Set yourself a budget for these things and try to stick to it.

2. Budget for the big purchases

I miss the days when a box of Legos would fit the bill of a huge Santa gift for the boys. The reality is, that the bigger the kids get, the more expensive their toys are.

If your kids have asked for a larger ticket item this year and you have decided to buy it for them, make sure to start putting something aside as soon as possible.

Having even half of the funds for bigger purchases saved will ease the stress when it comes time to pull out your wallet.

3. Budget for any time off of work

If you have paid holiday vacation, this might not be an issue for you. However, if you work for yourself or are taking extra days off outside of your paid time, you’ll want to adjust your budget accordingly.

What can you do throughout the year to create a “vacation fund” for yourself? Think of options like taking on extra projects or running a promotion to pay yourself a good holiday break.

4. Budget for entertaining

The season of entertaining brings with it its own costs.

Stocking your bar, cooking full meals, and whipping up spontaneous cheese boards can get expensive. Set aside a budget for entertaining in your holiday budget so having guests doesn’t feel stressful.

Plan Ahead

Look for travel Deals

As far in advance as makes sense, start looking for hotel and transportation deals if you will be traveling during the holiday season.

If you are flying, consider saving your miles for this time of the year.

Booking early may also come with some rewards, depending on what airline you use. Try sites like and Travelocity to see if you can get a good combo travel and lodging combination.

My favorite sites for monitoring prices for air tickets are Google Flights and Hopper.

Enter the origin, destination, and travel dates and set up the “watch” function to be alerted of promotions and best prices. We have saved thousands of dollars when buying tickets to visit family in Brazil or going on vacations with the boys.

Start saving early

Perhaps the most important way you can financially prepare for the holidays is to begin putting a little aside each month as soon as the last season ends. Consider using a high-yielding savings account (HYSA) instead of a regular savings account to increase your gains.

Remember those Christmas clubs your parents would have at the bank. They are not such a bad idea. Check with your bank to see what time of short-term goal savings programs they offer and take advantage of one. You may be able to set your holiday savings to deduct from your regular checking or savings automatically.

The earlier you start saving, the more you will have when the holidays roll around.


The holidays are often a time when we see more money going out of our budgets than usual and less money coming in. In order to combat this, we can prepare financially for the holidays with these tips.

When we head into the holidays with a realistic budget, we can save ourselves the pre and post-holiday stress and anxiety that comes when we overspend.

HOLIDAY Planners

Christmas Planner

Say goodbye to the days of frazzled nerves and hello to a confident, beautifully orchestrated holiday event that perfectly reflects your love for family and friends. Get ready to dive into a stress-free, delightful celebration, leaving your loved ones in awe.

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