The No Spend Challenge – Day 31: Plan for the Holidays

The following two tabs change content below.
Jonathan graduated with a degree in Business Administration from Ouachita Baptist University. He also holds a Masters in Business Administration from the University of Texas at Arlington. While he works for a contractor buying specialized tools, his passion is personal finance, frugal living, blogging, and stewardship.

This is the Thirtieth day The No Spend Challenge. To read all posts in order start with Day One. Read a summary of the challenge and view all 31 days in a list format here.  

*   *   *

Welcome to Day 31! This is it! We are done! Today may be a bonus day for some of us. That said, today we’re going to focus today on planning for the holidays.

hello-holidays-i-m-ready

The holidays are probably some of the most fun-filled and stressful times of the year for our family. There’s great joy in giving and in gathering together with family or friends. Yet there’s expectations flying everywhere from spouses, kids, parents, in-laws, siblings, cousins, aunts, uncles, grandparents, and the list goes on. There always seems to be something to do. So much to pan for, organize, and even buy.

We want to be intentional in our family about the kids remembering the true meaning of Thanksgiving and Christmas. We want them to remember the happy memories, traditions, and giving back. Not just getting more toys and stuff.

For us, it’s terribly difficult to keep our budget under control during the holidays. One of my suggestions would be to start today a sinking fund for this years (or next year’s) holiday season. A sinking fund is basically an account you save specifically for re-occurring expense.

Remember: Christmas is not an emergency!

If you plan a few months in advance or throughout the year you will be very thankful come January.

EalgeSoaringHigher 2015 Holiday Planning Guide

Today, print out the EagleSoaringHigher 2015 Holiday Planning Guide. This will help you reduce your stress during the busiest times of the year.

Here’s a preview of 3 of the 8 tools that you will be able to use with the EagleSoaringHigher 2015 Holiday Planning Guide:

EagleSoaringHigher 2015 Goal Setting

EaglesoaringHigher 215 Gift Planning Purchases
EagleSoaringHigher 2015 Holiday Budgeting

Further reading:

Ask yourself these four questions:

1. Do you associate stress or joy with the holiday season?

2. What are your favorite Thanksgiving and Christmas traditions?

3. What are some things you would like to do differently this year?

4. What are some things you can do to help others this year?

*   *   *

Thank you for reading and participating in this journey! To start this challenge over next month start here!

Lets Connect with Social Media!

Visit Us On FacebookVisit Us On PinterestVisit Us On TwitterVisit Us On Google PlusVisit Us On LinkedinCheck Our Feed
About Jonathan Key 112 Articles
Jonathan graduated with a degree in Business Administration from Ouachita Baptist University. He also holds a Masters in Business Administration from the University of Texas at Arlington. While he works for a contractor buying specialized tools, his passion is personal finance, frugal living, blogging, and stewardship.

57 Comments

    • Glad to help Caroline! I hope to continue to help others and point them in the direction of financial freedom. What tools do you use to help manage your finances? Thanks for commenting!

  1. This is great! I know people who get their Christmas shopping done in July and live a,ways thought they were crazy people. But like you said I tend to associate stress with the holidays, so now I. Totally seeing them as smart planners. I totally need to get my act together with this.
    Heather recently posted…The Latest Coupons and Amazon DealsMy Profile

    • Goal setting is something everyone should do in my opinion.

      “If you aim at nothing, you’ll hit it every time.” – Zig Ziglar

      Having a plan means having direction. What’s your plan for the holidays Shantha? Thanks for reading and commenting!

  2. Omg what a great idea!! I don’t now why I never really thought of saving for Christmas. I really should to make December such a harsh month financially

    • Yes Courtney having a plan is key. That way you tell your money where to go instead of wonder where it went. Decembers become less harsh and the next year doesn’t start with a whole bunch of credit card debt! What are your plans for the holidays? Thanks for stopping by!

    • Manu you can do it! The biggest challenge in breaking a bad habit is the first step. What can you do today to help you save more? Do you have an emergency fund or savings account? Thanks for commenting.

    • That’s great M! Having a plan is key. Also when you plan ahead yes there’s a good chance for a discount! What all have you knocked out so far? Do you keep a list or how do you organize yourself? Thanks for commenting!

Leave a Reply

Your email address will not be published.


*


CommentLuv badge