August isn’t just the end of summer and getting ready for a new school year, it is also a countdown to the holiday season. The holiday season can begin with Halloween and not end until after New Years. Planning parties, family and friend get-togethers, dinners and gift giving can really add up! That is why it is important to start a budget now.  

  1. Gift giving

    This can be the heaviest financial burden during the season. Remember, a thoughtful gift does not have to be an expensive one. Start planning now what you want to give everyone and start setting money aside. 

    Another way to budget for gift giving is making gifts. Plan out what you want to make; ornaments, paper weights or cards for everyone in your life. 
    Here are some ideas for homemade gifts by Country Living. 

  2. Parties 

    Parties may be a lot smaller this year but it’s still helpful to plan a budget for them. From the food and decorations to clothing, plan for your parties now.  

  3. Travel 

    The day before Thanksgiving is the most heavily traveled day of the year. If you are traveling this year have a gas, hotel and food budget. If you haven’t booked your flights yet do it now or it will cost you! Many flights are cheaper than usual right now as well just back sure you follow any travel bans and precautions put in place.  

  4. Outings 

    Going out to dinner, meeting for coffee, ice skating in the park; all fun activities and all cost money. From apple picking, to high school reunions to New Year’s Eve at your favorite bar, plan your outings now for the holiday season or at least put a certain amount of money aside.