How To Have A Debt-Free Christmas

According to Sangl’s Dictionary, here is the definition of “Debt-Free Christmas.”

Debt-Free Christmasnoun The act of buying Christmas gifts without incurring any debt.

Here is the 1-2-3 steps that will ensure that you can have a Debt-Christmas of your own:

  1. Save money for Christmas throughout the year – save some money for Christmas every single paycheck.
  2. In October/November, prepare a Mini-Budget for the money you have saved for Christmas.     Click this link to pull the tool up: Mini-Budget Tool.   See the picture below for a sample budget.
  3. Ensure that it balances to EXACTLY ZERO!
  4. Stick to the plan!


It is that simple!

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  1. Anna McWhite on November 22, 2010 at 7:48 am

    This was a reality for us this year!!! For the first time in 16 years, we are prepared for Christmas. I used to dread this holiday because of money. It would stress me out so bad, I could not enjoy it. I started a Christmas Club last year and now Christmas is a lot less stressfull. The Palmetto Bank and the South Carolina Credit Union both have Christmas Club accounts. It’s amazing how much $25-$50 per paycheck will add up to. Now is the time to start a Christmas Club for next year!!!

    Merry Christmas!!!!

  2. Daphne C. on November 23, 2010 at 4:45 pm

    Aww, I wish I had known about that second step earlier! I totally didn’t think of making a mini-budget!

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