It’s that time of year again — the time where I wish my readers a great holiday season, and suggest that those who aren’t already doing it should make Christmas gift-giving a regular monthly bill. In other words, save up for it throughout the entire year.
Now, we save up for gifts (all of them — not just Christmas) every month inside our regular Freedom Account saving. We save up for gift-giving the same way we save up for our six-month car-insurance payments. I know about how much we spend each year on gifts, so I just take that amount, divide by 12, and set aside that much each month … same as we do for every other non-monthly, recurring bill.
For me personally, I cannot emphasize enough how much less stressful it’s made holiday budgeting and spending.
