With the holiday season approaching it is very important to stay on track during this time of year. Not only do you need to have a normal monthly budget, but you also need to include other items in your budget that you may typically not budget for, such as Thanksgiving dinner. Do you need to adapt your grocery budget to handle this event? Then we move into December, how many different Christmas dinners and parties do you plan on attending or having? Does this need a separate line on the budget or can this just be added to your grocery budget? Now let’s not forget about Christmas gifts, have you established a budget for presents? And let's not forget about all the decorations that may be involved, has the Christmas tree been put into your plan this year or is this going to be what will bust your budget? Yes, this is a very overwhelming time of year. But it can be easier; it starts by developing a plan. One of the tools that I recommend when preparing a budget is incorporating the envelope system. Month to month you would have your normal budgeting envelopes. During this time of year, you can add additional envelopes needed for the Christmas season. Not only does it help you track your cash spending but keeps you sticking to your budgeting. Now notice I said easier not easy, living on a budget and getting out of debt takes hard word work and discipline. Not to mention there is no 100% cure for dealing with in-laws during the holiday season.
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