Tomorrow is my second payday after Christmas. And tomorrow, I will write a check and poof! All my Christmas bills will be paid off. My holiday situation wasn’t always like this – like many people, I used to have Christmas bills from my holiday overspending that would take me months to pay off. But that just wasn’t working for me. I love to buy gifts for my friends and family, but I hate the idea of spending all that time paying off big Christmas bills in addition to my existing debt.
How I finally Conquered my Christmas Bills
But I finally got smart and figured out a better way to do it. As I shared in a post last month in my Debt free Christmas post, I found a better way. I finally came to grips with the fact that Christmas is going to come around every year just as regular as clockwork. And so are the dang Christmas bills. And no matter how many times I swear that this is going to a “low-budget” Christmas, it’s about as likely to happen as my annual New Year’s Resolution to get back into my “skinny” jeans.I finally came to grips with the fact that Christmas is going to come around every year just as regular as clockwork.
Sometimes, I think it’s better to be realistic about your holiday spending habits and start acting accordingly. I was reminded of this last week when I made my teenage son shave off his “beard”. He was absolutely convinced that the collection of 10 or so scruffy, scraggly hairs he’s been growing for the last couple of months was going to turn into a beard, if we would just let him try it long enough. #delusional
In some cases, wishful thinking just doesn’t get the job done. You have to face the facts and find a way to go under them, over them, around them, or through them. So, that’s why I started my Christmas Club account, and I’ve already got two deposits made towards next year’s Christmas spending spree.
My Savings Plan to Wipe Out My Christmas Bills
What about you? Christmas will be here in just 50 more weeks – that’s only 25 paydays away, if you get paid bi-weekly. Ugh! Doesn’t that just freak you out? But just think – if you put away just $20 a week in your own Christmas Club account, you’d have $1,000 free and clear to spend for next year. And $20 bucks a week, that’s not much. Give up a pizza, or a fast-food run for the family once a week and that will usually save you $20 bucks.
Even if you spend a bit more than $1,000 (and I’m not perfect. I did put a few gifts on credit, but less than in previous years), you can have it paid off in just a couple of weeks instead of months and months. The trick is to just get started and keep after it REGULARLY. Automatic savings, that’s really the only way to go.
I have it set up in my direct deposit so that money automatically goes to a couple of different savings accounts before I ever SEE my paycheck. College savings – check, holiday savings – check, rainy day savings – check. It’s like taxes – out of my grubby little hands before I can spend it. Give it a try! I think you’ll be happy you did when next Christmas rolls around…