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Budgeting for the Holidays

Although the holidays bring cheer and celebrations, they also bring stress to many especially when it comes to finances. The key to enjoying an affordable holiday season is creating a budget that covers all expenses from gift giving to hosting a holiday party to cooking a meal for all of your family and friends. Sticking to a realistic budget will allow you to make the most of the money you have available and prevent you from overspending. If you plan and create a budget far enough in advance, you will have time to save more, shop around for the best deals, prepare for bills in the new year, and most importantly remain organized and stress free.

Creating a Budget

Start by considering all of your expenses this holiday season. Think about if you will be hosting a holiday party, what you will bring to holiday parties you plan to attend, new holiday clothes, gift wrapping supplies, travel, and any charitable donations you plan to make. Take some time and fill out our Holiday Budget Worksheet to get an estimate of how much you plan to spend.


Click here to download the Holiday Budget Worksheet (pdf)
Click here to download the Holiday Budget Worksheet (excel)

Next, fill out our Gift-Giving Guide to create a realistic list of who you want to buy gifts for and what you plan to give them. Use this guide to stay organized and keep track of your progress and spending.


Click here to download the Holiday Shopping Checklist

American Consumer Credit Counseling, a not-for-profit organization, is dedicated to helping consumers lower credit card debt and learn how to be debt free in the future. We offer free credit counseling where our highly trained credit counselors review consumers’ finances and credit card debt problems¸ offer credit card debt advice, and help to find the best strategy for paying down credit card debt. Counselors can also provide education around many common debt reduction strategies, including debt management, credit card debt settlement, bankruptcy, and debt negotiation services. We can compare the advantages and disadvantages of debt consolidation vs. debt settlement plans offered by debt reduction companies, and help consumers choose the plan best suited to their financial situation.

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