On the 25th of every month from January to November in 2013, I'm holding a virtual meeting for the Christmas Savings Club. The goal for this monthly accountability meeting is to give updates on our progress, motivate one another and help all of us save for a cash Christmas. Today is the third meeting, but anyone can join at any time.
If you are new, please read more about the Christmas Savings Club in the first post and join us. I'm still offering a FREE Christmas Gift & Spending Budget excel spreadsheet, click that link for more information.
On with the meeting...
How Did I Do in March?
My monthly goal is $100. That number includes gifts for our kids, extended family members, teachers, friends, neighbors, bus drivers, service people, our Christmas cards, stamps, and our donations towards the Salvation Army's Adopt-a-Family program.
My husband and I started Dave Ramsey's Financial Peace University last month, so we scrutinized our March budget more than ever before. One of our budget problems is eating out at restaurants, so we cut back our restaurant budget to $100 from an average of $250 a month in 2012.
It is a big change for us, but I was able to put some of that difference towards our Christmas savings account. At the beginning of March I was still $40 behind from January & February, but I transferred $125 to our account this month and I'll aim to get the $15 in April along with our $100 goal.
How Are You Doing?
Are you meeting your goals? Are you struggling with saving money now (in March) for something that you won't need until November or December? Just remember, we're saving for A CASH CHRISTMAS!
Stay Strong! We'll get there together...okay, enough cheesiness!
April's Assignments
1. If you have not done so, complete the Christmas Gift & Spending Budget worksheet.
2. If you have not done so, open up a separate checking account specifically for your Christmas Spending Savings.
3. Find your monthly savings goal for April and any shortfall that you have from January through March.
In the comments, let us know how you are doing so far with your Christmas Spending savings. You don't have to divulge your goal, but please let us know if you were able to save the money. Also let us know how you saved the money.
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