With Christmas right around the corner, let’s all attempt not to catch amnesia as December 25th approaches. Yes! Christmas is still on the same date every year, so let’s all be prepared to celebrate and enjoy the holiday. There are 358 days between January 1st and December 25th. That duration gives all of us a marvelous opportunity to be generous, intentional, and diligent for Christmas.
Christmas can be merry, but when your pockets are empty Christmas can spell trouble for the otherwise cheerful giver. Therefore, intentionality with money is beneficial. This is where a budget comes in handy. A budget naturally grants you permission to spend. Also, it holds you accountable to financial goals set. Are you planning to spend $25, $50, or maybe even 2,000? In any instance, all these goals are achievable with patience and persistence. A sinking fund is useful for expenses that will occur often. The sinking fund is a method that can be used to make small incremental steps towards Christmas goals. For example, Jake wants to save $2,000 before December 1st. If Jake starts on January 1st, he will need to set aside $200/month for 10 months. It is necessary to establish what your lifestyle can manage. And without a budget this becomes stressful, so remember to be intentional with money and Christmas can be a breeze.
Although, store-bought presents can be the norm on Christmas Day. There is a myriad of ways to give on this joyous day. Giving can be done in the form of volunteer work such as soup kitchens, food pantries, and mentoring. Visit your local community centers to locate these incredible opportunities. When you are on the bubble and Christmas is coming soon, try re-gifting used items such as books, appliances, and clothing. Most of the time these items are just hanging around your home. Stylish jeans you can no longer fit or books that you have now bought electronically can always be a blessing to someone else. We all feel better when we serve others and give generously.
In a perfect world, you have already performed a budget and started a sinking fund back in January. In that world, these ideas are not foreign. Unfortunately, Christmas is in two months. And this is the first time you’ve heard about a budget and sinking fund. How do you start in October? Whether October or November it is never too late to work vigorously. Side hustles and working extra hours enables you to meet short-term Christmas goals. The good news is temporarily working extra hours has never ended badly for the person receiving the check. Also, there are numerous side hustles to choose from in 2018. Start with companies like Uber, OfferUp, and DoorDash where you can earn up to $1,000/month on these platforms. Implementing diligence, generosity, and intentionality can combine for beneficial rewards. Hopefully, now you are equipped to use all the information within this article.