The holidays should feel joyful, not stressful. Planning your holiday spending early can help you stay organized, make thoughtful purchases, and avoid starting the new year with unexpected bills. 

Here are a few simple ways to prepare for holiday shopping: 

1. Set a total holiday budget 

Decide how much you can comfortably spend without taking money away from regular bills, savings goals, or other important expenses. 

Remember that your holiday budget may include more than gifts. Be sure to account for food, travel, decorations, shipping, charitable donations, and holiday activities. 

2. Make a complete shopping list 

Write down everyone you plan to shop for and set a spending limit for each person. A detailed list can help you stay focused and reduce impulse purchases. 

3. Start saving as early as possible 

Once you know your estimated holiday budget, divide that amount by the number of weeks remaining before you plan to shop. 

Setting aside a smaller amount each week can make the overall expense feel much more manageable. 

4. Track what you spend 

Update your budget each time you make a purchase. Include taxes, shipping fees, and other costs so you always know how much money remains. 

5. Compare prices before buying 

Give yourself time to compare prices at different retailers and look for sales. Just remember that a discount is only helpful when the purchase was already part of your plan. 

GreenPath Financial Wellness offers a free Holiday Budgeting Spreadsheet to help you organize gift ideas, set spending limits, and track holiday expenses in one place. 

A little preparation now can make holiday shopping easier and help you enjoy the season with greater confidence. 

This information is provided for general educational purposes and is not intended as individualized financial advice. GreenPath Financial Wellness is a third-party service. MACU is not responsible for the content or privacy practices of external websites.