Since we had a bonus, Christmas was paid cash. The surgery dh had caused us to use our EF. Now if we had had a Christmas fund, we'd not have had to use the bonus for Christmas but for the tiem off dh had.
Regardless, I'm planning things different.
I'm putting aside $ every pay for Christmas. My amount is $25.
Anyone wanting to do the same? Dh will have 52 pays this year, I'll have 24. This will give us $1900 to pay for Christmas. I'm thinking of a little mini holiday this year, going way for a couple nights in a hotel, quiet, just us(as in dh, me and kids), food prepared for us.... so that would account for at least 1/2. But I haven't had even a honeymoon..lol. out travels are camping, so this would be a nice treat. Gifts would be smaller, and less, since we'd travel. But I htink it would be nice memories. I'll be researching to see where we can go. Iknow there's a place that does dog sled tours. That would be pretty cool. Even the kids would enjoy that. So I'm looking at the options. I just don't want to entertain next year. I htink going away for 2 or 3 nights would be nice. Pricey, but nice..lol.
12-31-2007, 10:14 AM
Wonderful idea. In the past I have been putting aside $50 a month, plus I save my tips for vacation and Christmas. I've always wanted to see the Rockettes Christmas Spectacular, so I'll do this challenge with you and hopefully I can throw in some extra and be able to get the tickets for the show!
12-31-2007, 11:27 AM
We have a Christmas Club Account started at my bank.
We contribue a 100$ a month and so far, we have 225$ saved up for next Christmas.
12-31-2007, 01:38 PM
not one i can join this year:( not quite enough can be squeezed that way
my plans? my change box will be for christmas (maybe gas to visit relatives?)
can i challange myself differently here?
keeping my "prestent money" available threwout the year, BUT only keeping it to $10 to $20 a month (this is easier because, one month, i can purchase fleece, and polly fill for 4 presents for pillows, or i can get the baking ingrediants, or the toys)
ive started already, and i have the makings for 8 good gifts already, for 2008, yet have only spent $8.80 for it all ready:)
if this is the wrong place to post it, can we redirect it, and start a new thread?
have a wonderfrugal day
12-31-2007, 01:43 PM
I am going to use my change jar for christmas and put away $20 every 2 weeks and we have (i think) 24 payperiods. we get paid biweekly which would be $480 and our change jar and our bonuses so that will give us about $600 for christmas for the 4 of us.
12-31-2007, 01:50 PM
You can join in however it fits your budget and life. You're off to a good start! The point of it is a plan, and something set aside to budget for it. I keep mine available, as i find sales, I get stuff too. I don't lock it in.
12-31-2007, 02:09 PM
I do want to do this. I am not sure what the details of my plan will be yet but I may start small like 5-10 dollars per pay period at first and then make it more like 25 40 in a few months.
12-31-2007, 08:27 PM
January is a tight month for us, but I am planning on opening a holiday account at our credit union in Feb. I want to put in $50 - $100 a month as it depends on DH's overtime. In October the money is moved into our primary checking account, so I can also use it to save up for our car ins. premium that is always due at the first of November.
I'm also already starting to plan out a number of gifts that I want to make this coming year for people.
01-01-2008, 01:56 AM
I KNOW THAT I WANT TO JOIN THIS. I HAVE BEEN THINKING DOING THIS. BUT I THINK THAT I WILL ACTUALLY START IN MARCH. WE HAVE TO FIRST SAVE FOR INCOME TAX. WHICH DH AND I ARE GOING TO HAVE TO PAY DEARLY FOR 2007.
01-01-2008, 07:44 AM
I am taking $50 a pay as well. I am going to check with my bank about getting a Christmas account.
01-01-2008, 12:46 PM
I just transferred my first $12.31 into the christmas savings :) Not $25, because I saw Christmas Cards on Clearance and gift tags so the balance went to that.
01-01-2008, 02:28 PM
I'm in for a minimum of $25 per month but I'm shooting for more. I will also look around during the year for cool things that are on sale so I don't have to panic in December, stress myself out, and do all of my shopping at once. Great idea for a challenge - thanks! :elf:
01-01-2008, 08:16 PM
Okay... I am taking this challenge... but changing it around a bit.
We can't commit to any set amount per week or pay period, but I can set a limit for all the Christmas spending.
I plan on making the majority of the gifts this year, with very few exceptions. The gift list includes --
girl scout exchange
So -- with the list already made, I am setting the Christmas 2008 challenge at a total spending of..... $400 and thats only because I already know I am getting DD an American Girl doll and thats $102.
01-01-2008, 08:25 PM
At this point, my extra $$ needs to go in EF and toward debt. For this challenge, I will see how much I can do with the tons of craft supplies I have on hand. My gift list is:
2 swap game
1 white elephant
01-01-2008, 08:34 PM
I am definitely hoping to put money away throughout the year for Christmas 2008. If I could do an all-cash Christmas, I'd be thrilled. I may also keep redeeming my MyPoints points for Target gift cards and save them up to use to buy gifts for the kids next December. We'll see. Right now, these are my plans. :)
01-02-2008, 06:58 AM
Yup, count me in!!!!!!!! I've put my 2007 christmas bonus money from work aside for next Christmas and am off to a great start!!! I did this last year and wow, it sure helped out big time!!! I've also shopped the sales after Christmas and got some great gifts, wrapping (I don't need much as I've sewed up a ton of gift bags with clearance wire ribbon) stocking stuffers ETC. so I'm doing well. I've got to decide what I'll be making so I can start way ahead of time. Katy
01-02-2008, 09:51 AM
Well, anothe family paid, so I transferred another25 :) nice start for the year. I'll be hitting the rock bottom sales this weekend. I'll have to pick thru things, but I should find so super cheap gifts and/or b'day gifts for the coming year.
I decided to up the ante a bit for myself, since I want to do a get away next Christmas, i'm taking $25 from each family payment, not 25 per pay. I'm giving up my coffees out, I'll buy a nice mug and make my coffee instead. That'll add up fast as I'm at the rinks up to 6 ot 7 times a week.
01-04-2008, 10:39 AM
I'm think that $25/check is going to be an easy thing to transfer. We can easily waste $25 and not notice it, so why not slip it into savings instead?
I've currently $100 in my Christmas account~! Plus some wrap and cards for next year. This is great!!
I'll be able to buy all my GC for the extended family in February/March. Very simple, and easy and DONE.
I decided that is the easiest thing to do. Then come November, all I'll have is my kids, MIL, FIL and my parents! And we'll see how that goes! This is already looking SO much easier than the last couple years.
01-05-2008, 08:26 PM
I was planning to "rob" my tax return this year to pay for what I am hoping will be next Christmas budget. ($20 per person, total of $220 per year) I spotted a "had to have" birthday present for my niece so have bumped what was going to be her birthday present to next Christmas. (both items were within previously budgeted amount) It is nice knowing I already have one person done!
This previous year I scored tons of free or cheap items. I thought that would help suppress the urge to splurge but I still had to fight that urge the closer it got to Christmas. It was as if I didn't feel my free or cheap items were good enough to be the only gifts. :rcloud: (they were!) I hope I don't save and scrimp all year only to splurge again.
I didn't use the credit card but I did still spend more than the above budgeted amount I told myself I would stay within. Bah humbug to that.
01-05-2008, 10:54 PM
I'm in! I will be putting away $20 a week towards Christmas 2008 and since I will be missing this week I will put away $40 this upcoming Friday.
01-05-2008, 11:30 PM
I'm in on this one also. My plan is to put away a total of $20 week but won't be able to start until Feb. due to land taxes and repair on truck.
01-07-2008, 03:29 PM
Im in too. HOwever hoping to go to florida to my daughters house She always comes up north to see us but im tired of the same routine Ill need to save alot for 3 airfares and gifts for all 4 kids and thier signicant others but im up for the challenge im glad im not the only one already planning for next Christmas I love you gus
01-07-2008, 03:30 PM
I meant to say i love you guys
01-07-2008, 11:26 PM
I'm in too...I actually started this with auto transfers into a savings account the week after christmas, so every pay period (every two weeks) $25 is set aside!! Yay for us!!!!!
01-08-2008, 12:23 PM
I've $106 saved so far, plus wrapping paper and cards for next year! YAY!!
01-08-2008, 12:39 PM
we are putting away $150.00 a month.
I am using my change saving all year to hit Black Friday Shopping.
I am also buying one present for each of the main 3 here at home each month.
I have 1 more this month to get.
I am making fruit baskets up for each of the other families on my list....
Have 4 baskets so far. Need 12
01-13-2008, 05:26 PM
was at 8.80 for gifts
added more in last week or so
10 snowman and santa tealight candle holders (12 cents each woo hoo! thats 4 decorations for us, and 8 other gifts!)
1 pair slippers (3.99)
24 ct snoopy cards (99 cents)
1 snowman soap dispenser (50 cents)
1 roll wrapping paper (75 cents........i really had to hold back, i saw LOTS i wanted, but i only needed to replace 1 roll from my stock)
2 snowman potperie (sp?) tealight candle things (1.25 each)
1 snowman candle jar (1.25)
2 barbie ornament sets (1.97 each)
1 homer ornament (1.25 i think?)
1 hairbrush set (1.80)
2 starbucks ornaments (set for 3.99)
done for january, and at my limit, but i did wonderful and have great gift starts:) will post back in feb with my scores
01-13-2008, 07:08 PM
I'm in on the Christmas 2008 Chanllenge but I've decided that most of my gifts will be homemade. The only way I can do this is to stop making things and giving them away as soon as I make them, lol. Actual cash needed will be for shipping only so i'll plan on saving atleast $100.00 for shipping.
I'll be making.........
snowman & angel Christmas ornaments
potholders and dishtowel sets
insulated popcan/beer holders
quilted table runners
quilted table cloths
clothes pin bags
fancy w/lace and christmas throw pillows
quilted Christmas fireplace mantel scarves
sewing machine covers
quilted dog bed pillow cases for all the dogs, lol.
Gift list is:
countless nephews & neices, lol
1 real life friend
atleast 5 dogs, 2 are mine, 3 for others...
The list goes on and on, lol. I can't think of anything that I've listed that I will have to actually buy the supplies for. I'm blessed to have so much, partly due to my MIL's old craft business and partly due to my being a good scavenger.:wand: I predict this will be a very frugal year for gift giving for many of us.......
01-13-2008, 10:49 PM
Wowser, Dolphin!! I'm impressed! :clap:
So do you ever eBay your creations? You have such a variety of talent!
01-13-2008, 11:11 PM
Dolphin! WTG! That's a great list! My neices and nephew from my brother will be recipients of handmade gifts this year. I'll pm you a few ideas... since you have some supplies on hand.
01-19-2008, 04:00 PM
My January total for XMas 2008 is $57. Yay! :cheer4:
01-24-2008, 01:56 PM
As you guys put away money for Christmas do you also shop sales through the year for presents?
01-24-2008, 02:04 PM
I buy gifts as I go too. I count that in my totals. I have purchased cards and paper on clearance. Some webkinz at 50% off. As I find things I buy them with in the allotted budget.
01-26-2008, 12:51 AM
Originally Posted by Coffeelover
As you guys put away money for Christmas do you also shop sales through the year for presents?
Not actively, but if I am out and about and happen to see a great deal, I will grab it!
01-26-2008, 10:44 AM
I'd also like to do this but a bit differently. I always shop sales & clearance even for family members & friends. I enjoy buying $80 Izod clothing for less than $20. They feel like they got a great gift (which they did! LOL) & I of course I was able to give nicely at a low cost to us. So with that said, I have already started my CHRISTmas shopping & will report here as I "cross people off my list." I'll also add who I shopped for & spent as I go along. This should be interesting, even in my own eyes. I think we got away with this past year at no more than $500 which includes Hubba & I, our 3 kids, 3 sets of parents & my brother. I baked for Hubba's work so that cut cost on an extra 6 people. We usually get 2 gifts for each adult, a handful for the kids, except my Mum who has done SOOOOOO much for us, and of course being my Mum, I shop a bunch for her, LOL.
SMIL- 1 @ $7
MIL- 1 @ $0
01-26-2008, 12:05 PM
I plan to start saving for Christmas in February since I've had several birthdays to buy for. Found some excellent birthdays gifts even for the ones that are later in the year, so I'm ahead there.
My Christmas plan is to save $40 or more each month & to buy throughout the year. I've already bought my Christmas cards & several Hallmark ornaments at 75% off ($12 spent). Will add the "Christmas Challenge" in my signature to help me keep up.
01-26-2008, 12:12 PM
I'm in on this challenge. Is it okay if I alter it a little bit? My challenge is to make all the Christmas gifts I'm gonna give. And I want to make them all year long so I'm not overwhelmed in December.
01-30-2008, 02:03 PM
LOL.. I didn't even notice my challenge got a sticky!
Today I added 4 webkinz to my gift stash. This will be for my girls and 1 of my neices. I have enough for all the little neices and my girls now~ meaning 3 "outisder" gifts are complete. WOOHOO~
I haven't added more cash to my fund because I have bought gifts outright on sale.
01-30-2008, 02:11 PM
I have 325 in my Christmas Club. I purchased 8 Christmas books for Wesley for 60% off. I also bought 5 bottles of Bath and BodyWorks handcream for 3$ a piece. I also picked up 2 picture frames...they sit on a pedastal that rotates and the part that hold pics swivel---for 2.48 a piece.
01-30-2008, 10:38 PM
I'll be joining this challenge also starting with February. My plan is to save $50.00 a month plus try to buy 1-2 gift cards at $5.00-$10.00 each per month when I do my grocery shopping. The amount will depend on how much I spent on groceries for that trip and whether or not i'm under my weekly amount. I also shop all year long and pick things up when I find them super cheap. I already have all of my kids teachers gifts (including scout leaders, dance teachers, etc...) taken care of for next year thanks to some awesome deals at B&BW's. :)