While it is nice to have an amount that you would like to spend on gifts for friends and family members, it is important to recognize that that number is going to go out the door when you head to the store to start buying gifts.
While it is nice to think that you can stick to the low-end of the budget, you are much better off coming up with the maximum amount that you can spend without causing yourself harm in terms of your monthly bills and finances.
While you want to stay as far away from this number as possible, it is a much better way to do your holiday finances then coming up with some small number that you are never going to stick to.
By figuring out the most that you can spend, you tend to stay away from the Holiday woe’s. When you set a budget that is on the low end of the spectrum, you always end up going over it.
The thing is, while going over the budget may seem like a given, if you go over it too much you end up eating into the money you actually need to survive.
When you come up with a number you absolutely can’t go over, you run a better chance of being able to stay out of financial danger.