Christmas Budget

Christmas is around the corner and people are starting to think about what they want to give at Christmas time. At our house we have our Christmas Tree up and our Outside decorations up also. We have been getting Christmas Ads in the mail from companies like Best Buy and Kohls.  We have been getting plenty of emails sent to us about Black Friday sales coming up or pre black Friday sales.

There is so much temptation this time of year to blow our Christmas budget out of the water. We want to buy for everyone and make everyone’s dreams come true, especially the boys. But thank goodness we both are on the same page with our Christmas budget and sticking by it.

If you are single then you don’t have to worry about a spouse at Christmas time and you can go spend what ever you want on who ever you want with in your budget hopefully.


But if you are married it can get tricky if you want to buy them a special gift for Christmas but you don’t want them to know how much you spent on it or what it is. That is a challenge when you are married and both on a Christmas budget.

Remember that you both are grownups and should be able to stick to budgeting goals you have both decided on. If you haven’t yet it would be a good time to sit down and decide on how much you both want to spend for Christmas this year and then break it out for each person you want to spend it on so things don’t get out of line.

If you don’t want your spouse to see what you bought for them then ask for your share of money from the Christmas budget in cash. So, let’s say you both agreed on not spending over $50 on each other for Christmas. Then $50 in cash from your spouse or let them know you are taking it out of the bank account for Christmas gift for them.

Christmas Savings

Some people have problems saving up for Christmas gifts during the year and then go into debt because they let their heart do the spending instead of their mind. If you need help saving for Christmas maybe check with the banks and see if they have Christmas Saving Accounts still. Those you could have so much money withdrawn each week and put into their account. Some employers even offer this service. Some people have a jar in their bedroom and put some money in it each week or I also have heard of people having an envelope in the closet that they put money in each week towards Christmas gifts.  Just some options to help have some money at Christmas time if you are normally tight at the end of the year.


Some Stats and Information on Christmas Spending from Investopedia and National Retail Federation said;

  1. “Nearly every year since 2008, the amount of money that American consumers spend on holiday gifts has been increasing over the previous year.
  2. For 2019, industry experts expect the average American to spend $920 per person on holiday gifts, up from $885 in 2018 and reaching a total of more than $1 trillion in holiday spending.
  3. Over the past decade, e-commerce has captured an increasing swath of the holiday spending market share, with many buying their toys, electronics, and jewelry online.”

Christmas Gifts Study 2019

“According to a study performed by the National Retail Federation, Americans were projected to spend more money on gifts in 2018 than they did at any other time. According to a Gallup study, American adults projected to spend approximately $920 on gifts per person, up from $885 per person last year, with total holiday spending exceeding $1 trillion nationwide. According to the above study, in 2018 the breakdown on gift buying was:

  • 33% expected to spend at least $1000 on gifts.
  • 22% expected to spend between $500 and $999.
  • 29% expected gift spending to be between $100 and $499.
  • 3% planed to spend less than $100.

However, 8% said that they would spend nothing for gifts, and 5% were unsure. These estimates were not indicative of actual spending, which actually tend to be higher than forecasts. Holiday sales were expected to increase 4.3 and 4.8 percent over 2017 – $717.45 billion to $720.89 billion, according to the National Retail Federation. It should come as no surprise that the average cost of gifts is so high”

So why not make this a happier Christmas and agree on a budget with your spouse. If you are single then agree with yourself. That way you won’t get upset or sad in January because of the debt you ran up in December for Christmas gifts. I bet if we asked the boys to tell us what they got each year for the last six years they couldn’t come up with many items they remember. I sure can’t but I know we spent on a lot of money for each of those years on them. This year our budget is small because of the Cruise we took them on in October. They wanted to go so bad so we said it would be there Christmas gift and they agreed.

Best Christmas Gift

Hopefully the best Christmas gifts we give our boys is the knowledge of how to budget and to live within your budget while still enjoying life and having fun. We will still have a great Christmas this year and every year going forward without spending a ton of money. The little things can matter. Time spent with each other going to look at Christmas Lights around town to watching Christmas shows on TV can matter a lot. Having fun together and enjoying each other is what life is about. Those are the memories we want.

Money can create relationship problems in not only marriage but also if you are living with someone, with friends or family. Sometimes it is good to have a third party to help you through the topic of money. Like a Financial Planner, Financial Advisor or Financial Coach. Even your Accountant to a Lawyer. Some Churches offer programs also on it. That is why I like working with people to help them decide on getting their budgets and plans in line.

Good Quotes

Here are two positive quotes I like; “There is no way to happiness; happiness is the Path.” By Buddha

“Change Your Thoughts – Change Your Life” by Wayne W. Dyer

Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page.

Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today.

Let me know your thoughts or ideas. 

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Sources and Resources from Podcast (Available in Show Notes)

Average Christmas Spending Stat –

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