Irregular Payments

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My post on our busting the Christmas budget got a few email’s from those of you questioning whether someone steadily racking up house debt, while presumably trying to get out of it, should really be adding more by doing a little extra spending over the holidays.

No worries. We didn’t do any extra spending, because we’ve had our entire holiday budgeted from the beginning. Every month, we set aside a certain amount for gift giving - along with another half dozen or so categories - and throw it into one of our savings accounts. Which is a roundabout explanation of what that $3,000+ account at HSBC is all about, for those of you who have emailed me about that (and what’s up with all the emailing? feel free to use comments!).

Like I said in that earlier post, I enjoy gift giving. We cut back quite a bit from what we used to give, but I’m not going to be like some and forego it entirely just to accelerate our getting out of debt. That said, it is sure a less stressful experience cut a few checks rather than signing a pile of credit receipts while shopping. And for anyone still practicing a plastic Christmas, setting aside a little throughout the year - and, most importantly, quitting when it’s all gone - is definitely the way to go… :Xmas:

Have a safe and Merry Christmas everyone!
An excellent time to remind yourself what’s truly important!

Tagged:
 » Christmas, budget, saving, freedom fund, shopping