Looking for a 12 week Christmas savings plan? You can have a debt free Christmas with this printable Christmas challenge!
Imagine a Christmas where the bills didn’t follow you into January…February… or March.
I know what usually happens; it used to happen to us, too. You get caught up in the joy and giving that’s synonymous with the Christmas season, and before you know it, you’re in debt up to your eyeballs and your feelings of joy are replaced with feelings of discouragement.
Panic sets in and you realize you spent. too. much. How will you pay for it all?
My friend, there are 12 weeks left before Christmas, and I want to challenge you to have a debt-free Christmas this year, and each year moving forward. You can do this!
Research estimates most Americans will spend an average of $781 on Christmas gifts this year, and those figures don’t include other Christmas-related items, like Christmas trees, cards, postage, gift wrap, decor, or traveling to be with family.
Since $781 is the estimate, I’ve put together a plan for you to save $800 in the next 12 weeks (October through December). This plan works well for anyone who’s paid weekly OR bi-weekly; if you’re bi-weekly, be sure you plan for the larger sum to be saved on a payday, and the lesser sum on the in-between weeks.
THEN… when this year is over, Christmas is past, and you have NO DEBT… begin saving on January 1st for next year’s Christmas. This is what our family does! We’re huge fans of Dave Ramsey and saving to pay cash for everything. For example, saving $50 out of every bi-weekly paycheck gives you a whopping $1300 for Christmas next year. YOU’VE GOT THIS!
Download your free Printable Debt-Free Christmas Savings Plan PDF.
While we were paying off debt, I found encouragement in memorizing bible verses about money and thinking through what the bible has to say about money, contentment, and wealth. I’ve created these 24 printable scripture cards to help you stay inspired, too. They’re perfect for carrying in your purse or notebook and meditating on as you go about your day!