How it works
Gifts = People × Average per gift
Total = Gifts + Travel + Food and hosting + Decorations + Other
Gift amount that fits = (Budget − everything except gifts) ÷ People
Save each week = (Total or budget, whichever is lower − Already saved) ÷ Weeks left
Example: 8 gifts at $60 is $480. Add $300 travel, $250 food, $75 decorations and $50 for cards and wrapping, and the season costs $1,155, $45 under a $1,200 budget. With $200 already saved, the remaining $955 over 6 weeks is about $159 a week.
Ways to keep the holidays affordable
- Set the total first, then divide it, rather than adding up gifts as you go.
- Use a sinking fund: next year, divide the total by 52 and move that amount each week starting in January.
- Draw names for a family gift exchange instead of buying for everyone.
- Pay off card balances in January; the credit card payoff calculator shows how long it takes.
Planning next year? The New Year savings plan spreads a goal over 2027, and the Christmas countdown shows how many days are left.
Frequently asked questions
How much should I spend on Christmas gifts?
Start from what you can pay in cash without borrowing, take out travel, food and decorations, and divide what is left by the number of people.
How do I save for Christmas?
Divide your total by the weeks left and move that amount on each payday into a separate savings account, or start in January and divide by 52.
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