Who doesn't like to plan a holiday and spend that time relaxing with families?
As per statistics around 100 million Americans plan a vacation every year to free themselves from stress.
But is planning for a holiday a stress-free event?
There are few affiliate links, if you click a link and make a purchase, I may receive a commission at no extra cost to you
Certainly not, prior planning is required with a proper budget.
If you are planning for the Christmas holiday, you need to arrange gifts also for your friends and relatives along with the basic expenses of traveling.
These days, you need to focus more on your family than yourself.
You could easily spend thousands of dollars on your holiday and create a huge amount of credit card debts.
Lest it be late, and your outstanding bill amount will get increased.
Start planning with these 10 simple holiday budget survival guides and beat your holiday spending crunches.
1- Plan a budget
The process of planning holiday budgets is the same as planning a household budget.
Begin working out your budget well in advance.
Try to find out your total spending and then work out how to divide the money among the things on which you want to spend.
Avoid relying on credit cards, aim to set aside a certain amount each week so that you do not get overburdened at the end.
Get your bank app and checkbook out, find your calculator or budgeting app, and start planning.
2- Prepare a shopping list
List all your expected vacation expenses, including traveling, meals, shelter, etc., before proceeding to further arrangements.
It will give you a basic idea of the things you will need to pay.
Nowadays, many people spend unnecessarily while buying gifts and other traveling expenses.
Therefore, shop according to the list you have made so that you do not have to deal with annoying debts later.
3- Pack carefully
The most important thing you’ll have to do is pack the right things for your holiday.
If you start early, you’ll have plenty of time for packing and it can be tempting to take a lot of things.
However, be aware that many airlines charge for extra baggage.
So, pack accordingly to avoid spending extra money.
4- Be safe when planning holiday
Try to protect yourself from robbers and home invasions during the holiday season.
According to the FBI, the robbers invade home more during the holidays.
Try to protect yourself with a home alarm; 60% of thieves drop the idea of invading when they see that the house is protected by the alarm.
5- Be creative
Buying expensive gifts is an easy way to impress your pals but if you are going on holiday, instead of spending more, try to be creative.
Be more informed about your friends’ and families' likes, so that it can be easy for you to choose a gift.
Instead of buying a gift, the better option can be to arrange a small get together and have more fun with them.
6- Look for the discounts and coupons
Look for discounts offered by the stores at certain times throughout the year.
Before shopping online, do a quick web search for a coupon code for your favorite online store.
Before you shop in local shops, comb through the coupons received in your mailbox.
However, be sure to compare the shops for the item you are interested in.
7- Take benefits from online shopping
If you have an interest in online shopping, then you must also keep this information on which day online shopping can benefit you.
Free Shipping Day is an annual one-day event held usually during Black Friday and mid-December.
On this promotional holiday, consumers get the convenience of shopping from online merchants who offer free shipping with guaranteed delivery.
8- Keep in mind about weather conditions
It is necessary to plan the holiday according to the weather.
If you are going upstream, you have to be prepared for cold temperatures.
Icy roads can make the holiday season a challenging one.
Stock up on ready-made clothes and proper supplies to deal with bad weather conditions.
9- Make it exciting
Give yourself some time to have fun a few days a year.
Take time to relax with your family.
Many hotels offer special Christmas lunches and dinners during the holiday season.
So, take note of them and plan well in advance.
Consider those costs while planning your holiday budget.
10- Avoid buying a gift for yourself
Many of us get distracted while shopping for gifts.
Keep a list of the things which make you go crazy.
If you do not find them during the holidays or if they’re expensive, search for them after the holiday season.
The things might be offered on discount after the holiday season.
Understand the budget for your holiday, be clear of your requirements, and stick to the plan you have made.
If you want financial stability throughout the year, then try to plan holidays in advance to reduce disappointment and keep debt worries away.
However, even after following the tips and strategies, if you incur debt, then repay it without wasting time.
You can enroll in a debt consolidation program to repay your multiple debts through single monthly payments.
But, it is always better to avoid incurring holiday debt and remain stress free all the time.
Bethaine Parker is a content writer and blogger, specializing in personal finance. Curiosity for learning new is a passion and this curiosity along with experience has made her a financial adviser. She is associated with debtconsolidationus.org where she shares her knowledge through her writings. You can find her on Twitter @BethaineP
Michael launched Wealth of Geeks to make personal finance fun. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Michael is passionate about personal finance, side hustles, and all things geeky.