How To Not Blow Your Budget This Christmas.

Every year thousands of families make a fresh decision to start living by a budget. They set up accounts on their home computer, begin to track everything they spend and set limits designed to help them save more and spend less.

Gwen Mathews is the Mother/Chief Accountant in one of these new budget conscious families. She and her husband Pete set up some ambitious financial plans with the goal of paying off their credit card debt. They split their family income up into categories and were doing just great. That is until the holiday season came along.

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As Gwen scanned the family Christmas list she realized that the ‘gift giving category’ her and Pete had agreed to early in the year wasn’t going to cut it.

Pete, Gwen and their three children sat down after dinner that night and laid out the situation. Christmas was a month away and the budget was clearly not going to buy the family the kind of presents that they were used to. They needed to make some decision together as a family. What did they want more? Expensive Christmas gifts or a shrunken credit card balance?

The secret to keeping a budget during the holidays is to:

A. Have a clear vision of your priorities. Remind yourself and your entire family of the reasons you had for getting on a budget in the first place.

B. Make a complete gift shopping list and then prioritize it according to your relationship with that person. Immediate family comes first, extended family, friends, co-workers, etc. Start at the bottom and cross off any names that absolutely don’t need to be there – then assign a portion of your budget to each of the remaining names.

C. Get creative with your gift giving. A day in the kitchen with the oven at 350 degrees will take care of a lot of people on your shopping list. A plate of home made Christmas cookies is a welcome and touching gift.

D. Give up keeping up with the neighbors. The surest path to a blown budget is to start comparing what you’re doing with what someone else is doing. Remember, they’ll likely be crying come January.

E. Don’t start shopping too early. Many a Mom has spent their entire holiday budget before Thanksgiving thinking she’s a smart cookie to get it all out of the way. Then the Christmas sales kick in and she’s kicking herself and thinking ‘Well I can spend just a little bit more can’t I?”.

F. Final rule: No impulse buying. If someone gives you an unexpected gift, it doesn’t mean you have to run out and buy them something – that’s what 'Thank You' is for.

By keeping their goals in mind and recruiting the support of their children, Pete and Gwen survived the holidays within their budget. As their gift to each other they wrote an extra payment to the credit card company. If they keep that up, they’ll be celebrating a debt free Christmas next year.

How Is Your Budget For The Holidays?

Most people have tried it – spending more on the holidays than intended. I comes as a surprise again an again. What is it with money and budgets that do not work? People split up because of money. It is an invisible force from our subconscious mind that tricks us to buy stuff we can not afford at a given moment.

The best way to stop spending too much money over the holidays, is to set a budget for how much you can spend, especially for gifts, and then stick with it, no matter what. Even if you subconscious mind tells you it is okay.

Do it outside the holidays too, people should keep a rein on their spending there as well. If you do it at all times it should be no problem in the holidays as well.

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Sixty-one percent of Americans either does not have an annual household budget or feel it is difficulty to stick with it. Out of those who have tried to keep a household budget, fifty percent gave up trying to follow it. Your subconscious mind is doing its thing even if you do not like it.

The best way to maintain financial discipline might be to stop using credit cards. If you know you do not have enough money to buy something and pay for it this month, then maybe you should not buy it at all. Without a credit card in your pocket, you can not be tricked by your own mind to buy anything.

Maybe you have doubts whether you should spend anything on the holidays or not. Is it not just an industry game that is way too expensive for regular people? I think not, don’t be afraid. You can get tons of great stuff that is not too expensive and that will bring joy and smiles in the house.

Have fun and thank you for your time.

Christmas Spirit: Do You Possess The True Spirit Of Christmas?

While for so many people this holiday season is about rampant commercialism, keeping up with the Joneses and rushing to keep up with a hectic schedule, we should all jump off the speed train and take time to not only appreciate the true meaning of Christmas but also to embrace the true spirit of Christmas.

Emotionally this is a difficult time of year for so many. Depression and anger drive up the rates of suicide and domestic violence. Stress builds upon stress to destroy the holiday cheer of many.

The underlying problem for so many people is that they focus all their energy on what they do not have rather than embracing what they do have -- that is what Christmas spirit is all about.

Whether or not you are an ardent Christian, if you live in the Western World then you know that the true meaning of Christmas is to celebrate the birth of Christ. The Christ child is a symbol of love, light, hope and peace that makes this such a joyful season for true believers. However, even among the believers, there are some for which this message is not enough to overcome the depression, anger and stress of the season.

That is why it is so important to embrace the true meaning of Christmas. You need to reach down within yourself to find the spirit of Christmas. In order to embrace the true Christmas spirit you must be willing to give. Give of yourself, your time and your love, and give of your worldly possessions. Do not think of the gifts you give to others as an obligation or duty, but think of it as a symbol of your love for them. While no gift can accurately reflect the love we feel for those who are near and dear to us, we can show them that they matter by spending time and thought to create or select a gift with meaning.

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My son likes to make his gifts and spends a long time designing and then creating these items. Granted, we could have bought a sweatshirt with "world's best grandpa" printed on by a factory, but I expect that his grandfathers will cherish the shirts he designed himself and then created with fabric paint -- misspellings, oddly-formed pictures and all. If you are struggling with your Christmas spirit then perhaps you should avoid the mall entirely this season and find a different way to give?

Embracing the spirit of Christmas also means giving to those beyond our immediate sphere as well, especially those most in need. Obviously it is easy to throw some money in a Salvation Army collection, and that is certainly worth doing, but if your Christmas spirit needs a boost then perhaps you should try something more hands-on.

Local churches, schools, and charitable organizations can usually give you a list of opportunities to give and help. For example, through my church we have taken up a shoebox collection (creating an assortment of holiday gifts that will fit into a plastic shoebox and then are shipped to need children overseas) and bought coats and clothing for needy children in our community. I helped wrap the coats and clothing as well as contributed to both campaigns and it did wonders for making me appreciate what I possess.

Embrace the spirit of Christmas and find the true meaning of the season to bring more joy and happiness into your life.