this post was submitted on 21 Nov 2023
4 points (100.0% liked)

YNAB

499 readers
1 users here now

Welcome to YNAB! This community is dedicated to the discussion on the popular budget software You Need A Budget. We welcome any posts here regarding YNAB. Feel free to post your questions, budget strategies & advice.

founded 1 year ago
MODERATORS
iamlyth@lemmy.world
4
Budgeting for Christmas gifts (lemmy.ml)
submitted 11 months ago by hydration9806@lemmy.ml to c/ynab@lemmy.world
3 comments fedilink hide all child comments
 

I'm curious how this community budgets for Christmas gifts? If you lump sum it, how do you make sure you spend the right amount on everyone?

you are viewing a single comment's thread
view the rest of the comments
[–] lady_mongrel@lemmy.ml 2 points 11 months ago (1 children)

I treat Christmas like I treat birthdays. Have a Christmas category and each person gets a goal. Also budget for unexpected expenses like extra food, wrapping papers, etc. Once I spend the money, I put it under gifts with #Christmas #Person so I can have a clean report, but can drill down with a seach if I need to. Here is my breakdown.

  • Discretionary
    • Gifts
  • Christmass
    • Spouse
    • Kiddo
    • Fido
    • Cooked goose for everyone
    • Misc. Make the Magic
    • We forgot Kevin!
[–] hydration9806@lemmy.ml 1 points 11 months ago (1 children)

Ooh what a great idea! I am definitely stealing this method, right down to whoever Kevin is!

[–] lady_mongrel@lemmy.ml 2 points 11 months ago

Eh, just an obscure movie reference https://m.youtube.com/watch?v=tgMyaAK-aZw

We travel and there is always something a person forgets