Normally this time of year I am starting to slowly plan for Christmas. I make lists start buying a few bits and bobs as and when I see something cheap. I start saving points and vouchers, a cupboard in the kitchen is cleared to start gathering bargains. This year I am going to try a different tac.
I am not going to buy a single thing (other than food and petrol) for 12 weeks. I won't even think about Christmas until the 1st of December. In the meantime I am going to put away £15 a week (£180 Christmas fund). This will buy all presents and extra food and drinks.
The reason I am doing this is to reduce the amount of stuff I actually buy for the Christmas festivities. Buying little and often can sometimes mean I collect far too much stuff. By having a single pot of money - when it's gone it's gone - I think will help reign in over consumerism.
So here's my budge for the next 12 weeks
Food and groceries £65 (PW) £280 (PM)
Petrol £15 (PW) £65 (PM)
Any other unforseen essentials (ie prescriptions, school trips) £20
= £365 (PM)
The kids have been fully kitted out and shouldn't need anything for awhile. The only thing that will throw a spanner in the works is if the car lets us down or we need urgent house repairs. I will post my expenses update every Monday to keep a track and to keep myself focused.
Anyone else thinking about Christmas? How do you budget for it?