Budgeting Tips for Big Families During The Holidays

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The holiday season is joyful, with celebrations, gatherings, and cherished traditions. However, it can also be a financially demanding period, especially when it comes to planning big holidays for big holidays. Expenses can spiral out of control without proper budgeting, leading to post-holiday financial stress.

This post aims to provide valuable insights and practical budgeting tips for large families during the holidays. You can enjoy the holiday season without breaking the bank by setting realistic financial goals, creating a comprehensive holiday budget, and implementing cost-saving strategies. Let’s explore the world of budgeting together and make your holiday season both merry and financially bright.

The Importance of Budgeting for the Holidays for Big Families

Planning and budgeting are like the dynamic duo of personal finance. By planning and setting a budget for your holiday, you can avoid the dreaded “holiday hangover” (where your bank account weeps uncontrollably) and enjoy the financial benefits that come with being prepared. Not only will you have a clearer idea of how much you can afford to spend, but you’ll also have the opportunity to save money and make smarter choices. So let’s see what some moms’ budgeting tips for big families that will make your big holiday a financial success!

Setting realistic financial goals for holiday expenses

Jenn Chen at Www.jennchenphotography.com said, “We have a large family, so budgeting is a must! Most important for us is to start early and watch for sales. Rushing to buy everything at the end always seems to result in overspending. Another of my favorite ways is to replace one gift with a special family day! It could be simple, like going to the movies, sledding, etc!”

Mckayla at www.everydayshemoms.com said, “Look for deals and DON’T wait until black Friday or Cyber Monday to do all your shopping (you’re not likely getting the BEST deal out there). Instead, look at different places to shop and their recurring deals between now and the holiday. “

She also said, “Use an online tool like Klarna to check where the best deals are and get promo codes when ordering online. If you’re shopping for a specific toy or type of product, check different designs or styles. Oftentimes, you can get a better deal if the design you buy is a less popular one! Lastly, don’t be afraid to buy secondhand. Try a group like Bamboo & Beyond BST on Facebook where you can find nearly anything you’re looking for at a good (if not dirt cheap) price with great quality.”

Kayla Linkous at www.theantipinterestparent.com said, “I like using Amazon Shoppers Panel, which is an app that awards you $2 a month to your Amazon credit balance just for installing and letting it monitor your Amazon activity. They also reward for uploading receipts, but only allow people into that program periodically. I also like using rebate programs such as Honey, Rakuten, and Capitol One Shopping to get money back on purchases.”

Hailey Phillipps at www.graceandmomentum.com said, “Write down everyone you need to get a gift for. Put them in columns by budget ($5-10 gift for gardener/mailman, $10-20 for neighbors/coworkers, $20-40 for family gift exchange, $50-75 for immediate family). These are just examples. Obviously, set your budget and your people accordingly.”

She also said, ” Plan NOW. If you haven’t started saving yet, start putting money away weekly. Or start buying gift cards to Amazon, Target, even the grocery store (if you plan to bake a lot as gifts). Think ahead. Can you make anything for anyone? Custom gifts! These don’t have to be expensive (and oftentimes aren’t!), and the sentimental value of them will far outweigh the price tag. Think personalized ornaments, home decor, something to do with someone’s pet, etc. These gifts take longer to order, so start thinking about them now.”

We also got a look into a father’s perspective on budgeting for a family. This father had to say, “don’t underestimate the generosity of family and friends…  Not everyone will be this fortunate, but you’ll be surprised. Clothes are something I definitely haven’t had to spend as much money on…”

Staying on track with your holiday budget

If you find yourself going over budget, don’t panic! It’s always possible to make adjustments. Look for areas where you can cut back, whether scaling down decorations or opting for more straightforward meal options. Remember, a little flexibility goes a long way in keeping your holiday budget intact.

Family is an essential part of the holidays, and big families can present a unique challenge when it comes to budgeting. By following the tips outlined in this post, families of all sizes can ensure that their holidays are merry and bright and that their budget isn’t overblown.

With these budgeting tips, you can enjoy a magical holiday season without draining your bank account. Happy holidays and happy budgeting!

In conclusion, budgeting for big holidays is an essential skill that can help you navigate the holiday season with financial peace of mind. Following the budgeting tips and strategies in this post, you can confidently plan your holiday expenses, save money, and avoid unnecessary financial stress.

Remember to regularly monitor and adjust your spending to stay within your budget. With careful planning and mindful spending, you can enjoy the festivities, create lasting memories, and start the new year on a solid financial footing. Happy holidays and happy budgeting!

Share this post with your friends and family that you know are planning to have a big holiday season this year. Also, comment on any budgeting tips you have to help others get through the holidays with their financial sanity intact!


1. Why is budgeting important for big holidays?

Budgeting is crucial for big holidays as it helps you control your finances. It allows you to set realistic financial goals, allocate funds to different expense categories, and avoid excessive spending. By budgeting, you can enjoy the holiday season without accumulating debt or facing financial stress afterward.

2. What are some cost-effective alternatives to expensive holiday traditions and activities?

Instead of focusing on expensive holiday traditions and activities, consider reimagining them on a budget. Host a potluck-style gathering where everyone contributes a dish, organize a gift exchange with a spending limit, or explore free or low-cost community events. Get creative with DIY decorations and handmade gifts to add a personal touch without breaking the bank.

3. How do I stay on track with my holiday budget?

To stay on track with your holiday budget, it’s essential to track your expenses throughout the season. Regularly review your budget, keep receipts, and make note of any unexpected costs. If you exceed your budget in certain areas, make necessary adjustments by cutting back expenses elsewhere. Stay mindful of your spending and prioritize your budget to ensure financial stability during the holidays.

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  • Christine says:

    I love all of these ideas and resources! I’ll have to check out Klarna! I have a big family (lots of siblings, nieces, nephews, etc.) and we draw names for who we’ll get presents for. Each person has one adult to buy for and one child to buy for.

  • Life By Deanna says:

    I like the tip about setting a budget for different people. A gift doesn’t need to be this grand thing. Even giving someone a 10$ gift is meaningful and allows you to spread the love further.

    • The Millennial Modern Mom says:

      Absolutely! It’s the thought that counts. Thank you for your feedback!

  • Susan says:

    It’s so easy to get caught up in the drama of Christmas shopping and then get ourselves in trouble. I try to start my shopping in August and buy a few gifts every month to take some of the sting out of it. It helps.

  • JImmy Clare says:

    budgeting is very important

  • ann says:

    So many people get into financial debt during the holidays, so this is a very timely post. Great read!

  • Pastor Natalie (Examine This Moment) says:

    Great suggestions especially during the holidays. Thank you for sharing on this topic of budgeting. 😊

    Pastor Natalie (Examine This Moment)

  • hari says:

    Although I am not from a big family, I feel like tips in here would be of great help when I plan a holiday get together or a trip with my family members. I totally agree that having a well-planned budget helps avoid overspending. Thanks for the tips!

  • Vanya says:

    This time of the year again.. thank you for sharing!

  • Tiffany says:

    Budgeting in general is so beneficial. We have to ask ourselves “why” we need to budget.
    It’s hard to create the habit and stick with it but after the hurdle, the rewards are amazing. Plus I can teach my children financial freedom.

  • Sarah says:

    As we are turning a family of 5 right before the holidays I started thinking about this. How to afford. I love gift giving and last year we didn’t give to anyone. This year I really want to do a little something for appreciation to all my family. You made some great points!

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