How Much Do You Have Saved For Christmas Gift Spending?

I’m a huge advocate of setting money aside for bills or expenses that come due on an irregular basis.  Your cable bill is easy, you pay that every month, and it’s generally going to be the same amount for at least 6-12 months at a time.  Your electric bill might a little trickier since, even though you’ll have one payment per month, the payments will be uneven due to the varying usage that you’ll have because of air conditioning and the like.  Still, it’s manageable.

But what about expenses that come due on an irregular basis?  Like Christmas gift spending.

mb-201307giftToday is July 25th, so it’s about the closest you’ll come to ‘Christmas in July’ that I can think of.  Which, by the way, is there any basis for this phrase other than my guess, which I’d think ties to retailers trying to drum up sales during what are often excruciatingly slow summer sales months?  Well, since it’s ‘Christmas in July’ day, I thought it would be a great idea to focus on the expenses, and check to see if you’ve started saving yet, and let you know how we’re doing.

What’s The Big Deal?

The big reason for saving now is because of the sheer cost involved.  Let’s face it, Christmas and the holidays have grown in size to where many retailers count on making all of their profit for the year during the Christmas selling season.  Think about that, many places you visit on a regular basis are not making a single dime for nearly 11 months out of the year….and they’re OK with that.

But, with this comes the urge to spend more and more.  And we do.  Sales around the holidays have grown steadily for the last couple of years as the economy has improved, and this means that you’re probably spending more.  Spending around the holidays can add up to some big bucks, and it’s best to make sure you can afford your purchases, and what better way to ensure this than to have money specifically for these purchases.

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