Browse Tag by budgeting money
Finance, Savings

Making Christmas Easier

Making christmas easier

Saving To Make Christmas Easier

Christmas for all of us is an expensive time of year, we dread it but look forward to it all at the same time. We dread it for the stress it causes, worrying about the expense and what to buy people and hope the gifts are right for that person. We also look forward to Christmas for many of reasons. This year we plan on making Christmas easier.

Each year we keep saying that we will budget better for Christmas to help minimise the stress a little but have never gotten round to doing so.

This year it is one of our New Years resolutions, budgeting for things will be in our top MUST DO things this year. We have big things hopefully happening this year that we hope to share with you all very soon.

We will be making Christmas easier by sticking to this savings plan.

   Christmas saving plan

For every week of the year we will add £1 in a pot.

Week one we will add £1.

Week two we will put in £2.

Week three we will add £3 and so on. Each week will increase by £1.

If Our Maths Is Right Then:

If  we have done our maths right, by Friday 9th December we will hopefully have £1,275 that is with us starting today (01/01/2016) we thought today would be a good day as any to start. Finishing on the 09/12/16 would give us plenty of time to get gifts for everyone.

We chatted over Christmas while we was home and altogether about trying Christmas in a different way this year and came up with this payment scheme and action plan. So instead of putting the money on the gifts and online ordering the money owed to the pot that week will go into the pot and we will do the gift shopping together in one go. We have never done Christmas shopping like this at all but we are keen to give it a try.

We are trying out the new Christmas savings and shopping idea because we are parents to teenagers who like to keep changing their gift list at last-minute and people suddenly treating themselves to gifts we had already bought and wrapped up for them, so with this new idea we have in mind this shouldn’t be a problem this year. We will keep an eye out on the sales and will also have a rough idea on what to get for people but will not purchase until late December to save from any last-minute changes.

Do you normally put money away throughout the year for Christmas?

Do you online shop or do you like to go to the shops direct?

Kid's corner

Money-saving help

Money-saving help

Lee and Bradley would like to write about money-saving. Over to Lee and Bradley for kid’s corner.

We have recently been looking into how much money we get/earn each week. We have recently noticed that we need some money-saving help as we admit to wasting our money each week and have nothing to show for it….Well we are teenagers after all!

What we have done is, on our computer we have made a spread sheet of all our money earned doing odd jobs and added pocket-money given, as well as our money spent and what it was spent on. We have done this for one week and the results so far are.

IMG_0562We earned:

Lee – £25

Bradley – £15

We spent:

Lee – £20

Bradley – £11

Saved:

Lee – £5

Bradley – £4

We earned a  fair amount in odd job’s this week and with our pocket-money on top took us to a good amount but we then go and waste it at school in the canteen and whilst out with our friends…..As teenagers do we guess.

Looking at our outgoing’s and what we spend our money on we are going to work this week on minimising this and getting some more money saved next week…Well try our best to anyway.

Well we have managed to save some of our money this week this is already a bonus compared to other weeks so already this project is helping us. We work at our local market, we help them set up in the mornings before school and then go back and help them pack away after school, we help do this twice a week, on a Monday and then again on a Wednesday so this gives us a little extra pocket-money each week, we are planning on helping their more in the school half-term week so this will help us get some extra money to give our savings an extra boost, we can then get the football tickets and computer game quicker that we are saving for.

The family investments project is really helping us with some money-saving help, we are learning how to budget our money and learning that we can save for bigger and better things.

Disclaimer: This is a follow on post as part of a project we are working on.