Friday, November 7, 2008

Christmas On A Budget

After the depressing news from Wednesday. I am determined to not only make a dent in our credit card debt but also celebrate Christmas as best I can.

I went through the budget for the month. After all of our bills and minimum payments on the credit cards and loans, food, gas money and additional expenses I came up with $250 for Christmas gifts or supplies to make gifts and $200 extra to put on our debt. There is a little wiggle room in a few areas but all in all I feel pretty darn good about it.

Any money I don't spend from a bucket of budgeted money I will snowflake which will go towards debt. So far I have snowflaked $7 as my gas budget for the week was $35. We filled up this morning and it was $28 (God bless $2.29 a gallon!). Since the hubs and I carpool we only have to fill up one car a week and his car occasionally as we use it on the weekends.

I have resorted to being completely domestic. My gifts this year will be mainly hand crafted or of the baked variety. On the rare occasion I need to purchase a gift I will do my best to be frugal and thoughtful at the same time.

Between knitting, sewing and baking I have gifts in mind for most family members. Check back throughout the month to see my photos of what I make. If you want to join the handcrafted revolution just click on the badge at the top right of my blog or click here.


mrsb said...

We are doing the "3 gift maximum" for the kids this year, with a money limit as well. Most everyone else will be getting baskets with my homemade jarred mixes (my chocolate cake mix is to die for!), or crafty things that I make. We are also trying to kill the gift exchange with the neighbors and family friends as much as possible this year, as that tends to add up. For the friends that I absolutely have to gift with, they'll be getting a pretty glass canister filled with cookies.

I can't wait to see what you do!

Clean ClutterFree Simple said...

I think a smaller, less expensive, less hectic holiday is happiest. The excess we Americans tend to go for doesn't really make us happier.

I love homemade gifts!

Crystal said...
This comment has been removed by the author.
Crystal said...

I think handcrafted gifts are a great idea! This year I'm going to blend some store-bought gifts with hand-made napkin rings (for my mom) and personalized stockings to hang over the fireplace. Can't wait to see your creations!