The schools opened at the beginning of September , my back to school sinking fund was used for buying the school supplies , so it is about time to consider saving for Christmas.

Christmas is my favorite time of the year and when I became a mom I wanted to create magical memories for my daughters and honestly I was spending a tone of money!!

But as the years go by I realized that spending the paycheck of November for covering all my Christmas gifts, travels, decorations, and other holiday  expenses was impossible! Christmas gifts, travels, decorations, and other holiday expenses . Do you remember how much you spent on Christmas last year? You most likely spent money on numerous things , and you may not have had exact budget set in mind.
Having a Christmas sinking fund is extremely helpful to not go over budget, and to prevent going into credit card debt when you weren’t prepared for it!

The sooner we start saving for Christmas the better.But sometimes we have so many expenses to cover, our summer holidays , back to school supplies ,so its impossible to save sooner than the end of September.
But now we have paid for these back to school expenses its about time to start saving for our Christmas sinking fund!
That’s why I created an excel template to help you start saving for this!( but also for your next milestones )
Download the excel template , calculate how much you need to spend for Christmas , and then divide this amount by 3.( The 3 paychecks you are going to cover your Christmas fund , from September’s -October’s -November’s Paycheck)

I encourage you to start  creating a Christmas sinking fund,and quickly add it to your  monthly budget routine.
As mentioned above, sinking funds are helpful to plan for expected expenses, and it is important to plan for such a large holiday that could cost you hundreds, even thousands, every year.

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As I said above, unexpected expenses are inevitable. None of us can escape them, so the best thing we can do is plan for them ahead of time! The best way to do that is by saving for them. The tips above will help you start saving for future financial milestones !
I am coming back soon to tell you how I am going to plan ahead for the next 3 last months of the year!!
Sophie

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