I'm Prepping For Next Christmas





Hi folks

Well, I've started prepping for next Christmas....yep, Christmas 2018.

This Christmas is already paid for in full and we have done it yet again credit card free! Woo hoo. (Thanks to all the wonderful encouragement from the frugal simple living community world wide).

So, we have already set the budget for Christmas 2018 and chunked it down to a fortnightly amount and the first installment has already been put aside from last Friday's pay packet into a high interest bearing online bank account .  It will not be touched until late November next year. I've automated this fortnightly installment so it just happens without my involvement - this is critical for me as a recovering consumerist.


Bake your own bread. At 50 cents
per loaf, what's not to like?


Once upon a time, not that many years ago, Christmas was a 100% credit card affair with some fun un-payable laybys thrown in and a couple of maxed-out overdrafts stirred in to that mix and most certainly an unpaid bill or two also just to add some spice to the season! Gosh, how far we've come since those days.

If you need to set aside (say) $1000 for Christmas .... then start this weekend and commit $20 a week and the $1000 will be yours by mid November next year. True story.

I am happy and relaxed, Christmas this year is paid for already - I am already enjoying the season the way it should be enjoyed.


Budgets save lives - it's true.



Take care folks and stay nice.

Mr HM

Comments

  1. Well done you, I buy things throughout the year in the sales, and of course I won a competition so our turkey dinner is free this year.

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    1. Splendid! You have to love when something free comes along

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  2. How true, Christmas is less stressful when you have the cash to pay for it, we save and in November we check the amount and adjust our spending to our savings. For so many tears I over spent in a frenzy of festive spirit.

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    1. It used to be nothing to still be paying off the Christmas debt in November, back on the day.

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  3. With a large family like yours, Christmas can get very expensive. We have four in our family, and it stretches the budget! While we don't specifically save for Christmas, I'm always trying to sock money into our savings.

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    1. We have reverted to doing secret Santa now that the girls are all grown up. We have a budget and everyone makes their list. That way their is a specific amount I give to each person and everyone gets what they want - perfect solution (for us)

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  4. Very nice job my friend, Christmas can be very stressful and an easy time to overspend, it is a good feeling to already have the current Christmas paid for and already saving for the next.

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    1. I don't do do stress and anxiety very well, so it helps enormously in that regard too.

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  5. Well done Phil, and thanks to your encouragement last Christmas, I too started saving a monthly amount for Christmas this year, now I didn't automate it (probably should have) and as the months ticked by I got less and less enthusiastic about it, so only ended up with $650 in my "Christmas account" (which was an envelope in a draw ha ha) but never mind, it's a start, and it's a big help at this time of year.

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    1. Imagine not having that &650?! - it was worth it I am sure. The good old envelope in the draw....I would have raided it by now - you are far more disciplined than I

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  6. I just love it, there is nothing like the feeling of being debt free, it’s better than any non essential purchase any day. Have a lovely Sunday.
    Fi

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  7. Good work HM family. $20 a week doesn't sound like much does it? I'll follow your lead with my first $20 going into the bucket today. Have a wonderful Christmas.

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    1. Thanks Barb and Peter - a happy Christmas to you both too

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  8. Good on you, Mr.HM. Christmas isn't expensive for us at all but I know it is for a lot of people especially if they have their family visiting. I hope you all have a wonderful Christmas.

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  9. I remember when I started when when I was 15 they had Christmas Club Accounts and gave you a $10 or $20 booklet sort of like a "cheque" format with a butt on the left and a $10 or $20 voucher on the right and you would just deposit the money into this account using the voucher. At the end of the year you could have $250 which back then was a lot of money. It's great to spread the expense out over the year without worrying about it.

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  10. I'll be starting next month. Good going!

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    1. Good on you Sarah - you'll be ahead of 99% of other folk.

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  11. I used to spend big money at Christmas time but haven't for a few years now and this year it was even less as i adopted the 1 present per person strategy with a spend limit. Good idea about planning for Christmas this year - 2018 - and i have just sent my Credit Union an email asking them to open me a Christmas Club account. Every year i plan to do it and then forget. Thanks for the reminder Phil.

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