The winter holidays are supposed to be a time of relaxation and hanging out with friends and family, but let’s be honest—the weeks leading up to the holidays can be stressful. This is due in no small part to the fact that holidays are expensive. According to one study, the American shopper spent about $1,455 during the 2022 holiday season, and thanks to inflation, that amount is likely to increase.
If you’re stressing out about how you’ll pay for the holidays this year, one thing that can help you is creating a holiday budget. It’s a great way to get your holiday spending under control once and get some peace of mind that will last you all the way until January 1. If you want to get the full benefit of a holiday budget, follow these five tips to get started.
Here’s how to create a holiday budget
Understanding the importance of a holiday budget
Before you go through the trouble of creating a holiday budget, though, you need to understand why creating a holiday budget is so beneficial. How will listing your holiday expenses do anything besides raise your blood pressure?
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