@Rebekahy: We set aside money monthly (or so) for Christmas. I have based our spending on previous year’s and what we expect to spend or may spend on Christmas gifts, including the extras like: kids at church we support, teachers’ goody bags (very inexpensive), our parents, Christmas tree, cards/stamps, breakfast/dinner, ornaments for my boys, etc. I have an idea of how much that will all cost and break that up throughout the year. I actually start a list of what we spent, who we bought for, etc. right after Christmas so that I don’t forget. I write down what didn’t go over all that well, what we want to try to incorporate, etc. right away so that the next year I have an idea of what I may need to set aside. It doesn’t meant that will all happen, but I try to be prepared. I enjoy this time of “spending/giving” that I purposely set the money aside. My dh used to get bonuses for Christmas but we can’t count on that anymore so I set the money aside. Plus, I’ve been setting aside money for about 15 years now. I do purchase several items at the After Christmas sales to off set the cost for the next year like: cards, wrap, containers for cookies, etc. and pick up some items that can be stocking stuffers for the next year or White Elephant gifts/Christmas party gifts, etc. I am pretty frugal so I try to get the most out of our money and that means sales.
I buy all of our paper products for the holiday after Christmas, as well, and set it all aside in a container for the next year.
I guess our income sets our budget but also just the fact that I enjoy this time of buying/giving/sharing that I set the money aside throughout the year so I can enjoy it. We don’t use credit cards and do try to stay within the amount that we set aside, that I predetermined. We have several other events during this season that make it extra important to set aside the money to do what we like to do. We wouldn’t be able to spend what we spend (which isn’t as much as some, but more than others) if we didn’t set it aside…it’s not just sitting in my dh’s paychecks in Nov/Dec, iykwim.
Hope that answers your question…..Merry Christmas.