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Create a Holiday Gift Expense Spreadsheet

November 15, 2010 by Kimberly Danger 6 Comments

Track Holiday Spending and Save Money

A holiday gift expense spreadsheet (see example below) is a great place to start with your holiday gift-giving budget. Since you’re viewing this on a computer, you most likely already have a spreadsheet program.  That’s all you’ll need to track your holiday expenses. Plus, keeping in in electronic form makes it even easier to budget from year to year and keep track of incidental expenses you typically forget about.  If you have a smartphone, you may want to create your holiday expense spreadsheet in Google Docs and download Google Drive as an app so you’ve always got it with you.

Obviously, you’ll want to track the cost of your gift giving.  The first column in your spreadsheet will include the name of everyone you need to buy for from your kids and spouse to grandparents, relatives, teachers, coaches, and babysitters. Don’t forget to include Santa gifts and stocking-stuffers. If you buy more than one gift for certain people, include a column for each individual gift (for Example: Emily Gift #1, Emily Gift #2, and so on). That way, when you find a great deal (which we’ll also be helping you with), you can snatch it up and check that person off your list. You spreadsheet may include these columns:

In Rows: Title of the expense (i.e. Emily’s Santa Gift)
In Column B: The name of what you’ve bought (i.e. American Girl Bed + Pajamas)
In Column C: Anticipated Expense (i.e. $100)
In Column D: Actual Expense (i.e. $75)

Secondly, and perhaps more importantly, entries for other holiday expenses such as greeting cards, postage, holiday clothing, office incidentals, travel expenses, your tree and other decorations, charitable giving, hostess gifts, entertainment, food for holiday entertaining, and so on. Include all additional expenses related to the holiday season that you can think of. This is crucial, and leaving these things out is the reason why many holiday budgets fail.

For now, just list all of your anticipated expenses in column A, as well as any gifts you’ve purchased already and what their cost was.  The next step will be to create an actual holiday budget, which we’ll talk about tomorrow.

Holiday Gift Budget Spreadsheet - Track Holiday Spending and Save Money
Holiday Gift Budget Spreadsheet – Track Holiday Spending and Save Money

 

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Filed Under: Money, Special Occasions Tagged With: christmas, holidays, personal finance, saving money, technology, gifting, frugal living




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Comments

  1. TerScrapper says

    November 20, 2010 at 8:07 am

    I have been doing this for more than 5 years! Best tool ever to track budget and expense, plus to see what you bought for the same person the year(s) before – no repeats!

    Reply
  2. Collette Taylor says

    November 21, 2010 at 12:52 pm

    How funny, I used to this for my house projects. Never thought of using this for holiday expenses. 🙂

    Reply
  3. Collette Taylor says

    November 21, 2010 at 1:46 pm

    I put together my budget and even thought we approach the holidays differently from the example budget. Our projected budget is still going to be close to the same presented here. So my goal will be to stay under the projected budget.

    Reply

Trackbacks

  1. Forget the Joneses Holiday Boot Camp 2010: Week One, Day One | Mommysavers.com says:
    November 15, 2010 at 7:36 am

    […] Day One Assignment: Create a Holiday Gift Expense Spreadsheet […]

    Reply
  2. Setting a Holiday Budget | Mommysavers.com says:
    November 16, 2010 at 10:05 am

    […] you’ve created your holiday spending spreadsheet, the next step is to set your budget. In this post, I’ll help you come up with a grand total […]

    Reply
  3. Forget the Joneses Holiday Boot Camp: Week One, Day Two | Mommysavers.com says:
    November 16, 2010 at 5:11 pm

    […] Don’t fall behind!  The key to staying on budget (and stress-free) is to keep up little by little, day by day.  If you missed yesterday’s assignment, it’s posted here:  Create a Holiday Expense Spreadsheet. […]

    Reply

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