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Christmas in July: Now is the Time for Your Holiday Budget



As the summer sun shines and temperatures rise, it may seem unusual to start thinking about Christmas. However, planning for the holiday season during July can bring numerous benefits and help you create a memorable and stress-free celebration. By taking advantage of the early months, you can avoid the last-minute rush, spread out your expenses, and have ample time to craft a joyful and enchanting Christmas experience for yourself and your loved ones. So, let’s embrace the holiday spirit in the midst of summer and embark on a journey to plan for Christmas like never before.

Christmas is a time when we come together to celebrate love, joy, and the spirit of giving. By planning for Christmas in early summer, you can alleviate the stress associated with last-minute preparations and fully embrace the magic of the holiday season. Let’s dive into the details of how to plan for Christmas ahead of time.

Take Inventory for the Holidays

Before embarking on your Christmas preparations, it’s essential to take inventory of what you already have. This step will help you assess what you need to purchase, what can be reused from previous years, and what items may require replacement. Taking inventory allows you to make informed decisions and avoid unnecessary spending. Here’s a closer look at why taking inventory for the holidays is important and how you can go about it:

  1. Assess Decorations: Start by going through your Christmas decorations. Check the condition of your ornaments, lights, wreaths, and other festive items. Discard any broken or non-functional items. Take note of what you have and what needs to be replaced. Consider the overall theme and color scheme you want to achieve for this year’s decorations.
  2. Evaluate Lights: Christmas lights play a crucial role in creating a warm and magical ambiance. Test your string lights to ensure they are in working condition. Replace any burnt-out bulbs or faulty strands. Determine if you need additional lights to achieve the desired effect. Taking inventory of your lights will help you plan your decorating strategy and avoid last-minute frustrations.
  3. Review Tableware and Linens: If you host Christmas meals or parties, evaluate your tableware and linens. Check your plates, glasses, silverware, and serving dishes for any damages. Inspect tablecloths, napkins, and placemats for stains or tears. Determine if you need to purchase new items or if you can mix and match what you already have to create a festive table setting.
  4. Check Wrapping Supplies: Taking inventory of your wrapping supplies will ensure you have everything you need when it’s time to wrap presents. Assess your stock of wrapping paper, gift bags, ribbons, bows, and tape. Make a list of items that need replenishing or refreshing. Consider eco-friendly wrapping options, such as using recycled paper or fabric wraps, to reduce waste during the holiday season.
  5. Evaluate Christmas Tree and Accessories: If you opt for a real Christmas tree, determine whether you need a new one or if you can reuse the artificial tree from previous years. Check the condition of your tree skirt, tree topper, and tree ornaments. Taking inventory of your tree and its accessories will guide you in deciding what additional decorations or enhancements you may want to include.
  6. Assess Holiday Clothing: Take a look at your holiday clothing, including festive outfits, sweaters, and accessories. Evaluate their condition and decide if you need to refresh your wardrobe. Consider donating any items that no longer fit or that you no longer wear. Taking inventory of your holiday clothing will help you plan outfits for special events and gatherings.
  7. Forgotten Items:  You might have what you need in forgotten recesses in your home. Look through the garage, attic, and closets for unopened items from years past. You might find a blender your in-laws sent you that you never bothered to use. Dare we say re-gift?

By taking inventory for the holidays, you can save time, money, and unnecessary stress. It allows you to be more organized and deliberate in your preparations, ensuring that you have everything you need to create a festive and memorable Christmas atmosphere. So, before you start shopping, take a moment to assess what you already have and make a list of the essentials you need to complete your holiday preparations.

Set Up a Holiday Savings Account

Saving money is an essential aspect of holiday planning for the season. One effective strategy is to set up a dedicated holiday savings account. By creating a separate account specifically for holiday expenses, you can save consistently and have a financial cushion to cover the costs associated with Christmas. Here’s why setting up a holiday savings account is beneficial and how you can go about it:

  1. Make a list and start early: Look back on what you’ve spent historically. Consider every family member, coworker, friend, neighbor, and kid’s teacher worthy of your holiday spending. Jot down their names and how much you plan to spend on each. Then consider expenses aside from presents. Budget all your holiday spending from dining out to travel costs.
  2. Financial Discipline: Having a dedicated savings account for the holidays encourages financial discipline. It helps you allocate funds specifically for Christmas-related expenses, preventing you from dipping into your regular savings or using credit cards excessively. By consistently contributing to this account, you can develop healthy saving habits and avoid unnecessary debt during the holiday season.
  3. Ease of Tracking: When you have a separate savings account for holiday expenses, it becomes easier to track your progress towards your savings goals. You can monitor your deposits and see how close you are to reaching your target amount. This transparency allows you to make adjustments if needed and ensures that you have sufficient funds to cover all your planned Christmas activities and purchases.
  4. Automatic Contributions: Most banks and financial institutions offer the option to set up automatic transfers to your savings account. Take advantage of this feature by scheduling regular deposits into your holiday savings account. By automating your savings, you ensure a consistent and gradual buildup of funds without having to manually transfer money each time. This convenience makes it easier to stick to your savings plan.
  5. Separation of Funds: By keeping your holiday savings separate from your regular checking or savings account, you create a clear distinction between your everyday expenses and your holiday budget. This separation helps you avoid unintentionally spending your Christmas savings on other non-essential items throughout the year. It also provides a visual reminder of the purpose of the funds, reinforcing your commitment to saving for the holidays.
  6. Earn Interest: Depending on the type of savings account you choose, you may earn interest on your holiday savings. While interest rates may vary, every little bit helps. Over time, the interest accrued can contribute to your overall holiday budget. Consult with your bank or financial institution to explore savings account options that offer competitive interest rates and align with your specific needs.

To set up a holiday savings account, follow these steps:

  1. Choose a Bank: Research different banks or credit unions to find one that offers suitable savings account options. Look for accounts with low or no fees, competitive interest rates, and convenient online banking features.
  2. Open an Account: Once you’ve chosen a bank, open a savings account specifically for your holiday savings. Provide the necessary documentation and complete the account-opening process.
  3. Automate Your Savings: Set up automatic transfers from your primary checking account to your holiday savings account. Determine a realistic amount to save each month or pay period and schedule the transfers accordingly. Be sure to consider your budget and financial goals when determining the contribution amount.
  4. Monitor Your Progress: Regularly review your account statements to track the growth of your holiday savings. Evaluate your progress towards your savings goal and adjust your contributions if necessary. Celebrate milestones along the way to stay motivated and engaged in the saving process.

By setting up a holiday savings account, you take a proactive step towards ensuring a financially stress-free holiday season. The discipline and organization of saving specifically for Christmas expenses will allow you to enjoy the festivities without worrying about financial strain. Start early, save consistently, and watch your holiday savings grow over time.

Setting a Budget

Before diving into the Christmas preparations, it’s essential to set a budget. Determine how much you can comfortably spend on decorations, gifts, and other festive elements. This will help you make informed decisions and avoid overspending, ensuring a stress-free holiday season.

Download a holiday budgeting app

Santa’s Bag for iOS and Christmas Gift List for Android make holiday budgeting easier. You’re able to set and track your spending. These apps will update your budget every time you check a gift off your list and input how much you’ve spent.

For additional tips, check out How to Make a Holiday Budget.

Creating a Timeline

Creating a timeline is crucial for staying organized and ensuring that everything is ready in time for Christmas. Start by marking important dates such as when to start shopping for gifts, when to put up decorations, and when to send out Christmas cards. Break down tasks into manageable chunks to avoid feeling overwhelmed.

Decorating Your Home

Early summer is the perfect time to plan your Christmas home decor. Consider the color scheme and theme you want to incorporate. Start by decluttering and organizing your space, making room for festive decorations. Get creative with wreaths, garlands, and ornaments to transform your home into a Christmas wonderland.

Planning Festive Activities

Think about the activities you want to enjoy during the Christmas season. Research local events, such as Christmas markets or tree lighting ceremonies, and mark them on your calendar. Additionally, plan activities for your family and friends, such as movie nights, game sessions, or baking parties. These activities will help create cherished memories.

Crafting Homemade Decorations

Get your creative juices flowing by making homemade Christmas decorations. Involve your family and friends in crafting personalized ornaments, stockings, and table centerpieces. Not only will this save money, but it will also add a unique touch to your festive decor.

Shopping for Gifts

Start your Christmas gift shopping early to avoid the stress of last-minute rushes. Make a list of everyone you plan to buy gifts for and brainstorm gift ideas for each person. Consider their interests, hobbies, and preferences to find meaningful and thoughtful presents that will bring joy to their hearts.

Research the best deals

Price out what you plan to purchase over the next few months. You may have a brick and mortar discount store close to home. But it’s worth checking online to see if there’s another that can beat its prices. You have time to search now. Bargain hunting will be a lot more competitive in a few months.

Check your math on holiday sales has previously reported that 56 percent of Americans struggle to calculate the true cost of a holiday sale. They end up losing money because they can’t properly calculate the price of an item after a discount percentage is applied. Don’t make impulsive decisions during the hustle and bustle. Stop and breathe. Retailers and marketers plan for you to fall into their trap.

Use email to your advantage

A Google account is free to set up, and you’re able to have more than one email. Create one specifically for your holiday shopping. Use it to subscribe to email lists at the stores you plan to shop at. Those pesky notifications might get annoying – but, buried in their promotional spam may be coupons, discounts, and free delivery services.

Wrapping Presents Creatively

Take gift-giving to the next level by wrapping presents creatively. Choose different wrapping papers, ribbons, and embellishments to make each gift visually appealing. Personalize the wrapping by adding handwritten notes or small tokens of affection. Creative wrapping adds an extra touch of excitement and anticipation.

Preparing a Delicious Christmas Feast

The Christmas feast is a highlight of the holiday season. Plan your menu in advance, considering the dietary preferences of your guests. Research recipes and create a shopping list for all the ingredients you’ll need. Prepare as much as you can in advance to reduce stress on the day itself.

Baking Festive Treats

Baking festive treats is a delightful activity that adds warmth to the Christmas season. Plan your baking sessions, gather your favorite recipes, and stock up on ingredients. Get creative with cookies, cakes, and traditional holiday treats. Share the joy by gifting homemade treats to friends and neighbors.

Hosting a Christmas Party

If you enjoy hosting parties, consider throwing a Christmas gathering for your loved ones. Send out invitations early to secure attendance. Plan the menu, organize entertainment, and create a cozy ambiance with Christmas decorations and music. A well-planned Christmas party is an opportunity to bring joy to others.

Spreading the Christmas Spirit

Spread the Christmas spirit by engaging in acts of kindness and generosity. Donate to charities, volunteer your time, or participate in local initiatives that help those in need. Small gestures of kindness can have a significant impact on others and create a ripple effect of goodwill.

Capturing Memories

Christmas is a time for creating memories that will last a lifetime. Capture these special moments by taking photos or recording videos. Create a scrapbook or a digital album to preserve the joyous memories of this festive season.

Giving Back to the Community

Christmas is a time to give back and show gratitude. Consider organizing a charity drive, collecting donations, or participating in community events. Embrace the spirit of giving by helping those who are less fortunate and making a positive impact in your community.



When should I start planning for Christmas?

A: Planning for Christmas in early summer is a great idea to stay organized and reduce stress.

How can I save money on Christmas decorations?

A: Get creative with homemade decorations and consider repurposing existing items.

What are some unique gift ideas for Christmas?

A: Personalized items, experiential gifts, and handmade crafts make thoughtful presents.

How can I involve my children in Christmas preparations?

A: Engage them in crafting decorations, baking cookies, and wrapping presents.

What are some ways to give back during Christmas?

A: Volunteer at a local charity, donate to food drives, or participate in community events.

In conclusion, planning for Christmas early in the summer sets the foundation for a joyful and stress-free holiday season. By following a well-thought-out plan, you can create magical moments, cherish memories, and make a positive impact on those around you. Embrace the spirit of Christmas and let the festivities begin!

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