How to Budget Your Money For The Coming Holidays

December 15, 2015

Still can’t believe it’s only 10 days left before Christmas. I haven’t even started making my holiday list.

I know we all agree in saying that budgeting for the holiday season can be a daunting task. 
Planning for Christmas parties here and there will also be a task that will get a big chunk of my time once December starts. And let’s not forger the long list of names for gift giving. So to help us all I gathered tried and tested budgeting tips for the coming holidays. 

Create a Holiday Fund as Early as Possible

I suggest creating a holiday fund as soon as the ber months begin. You can put 500-1000pesos per cut off to that dedicated fund and this will spare you from the holiday financial madness.

If you can’t fit a holiday fund in your budget then you might want to use your 13th month pay instead. Make it a soul source for your holiday grocery shopping and gifts. READ: All About 13th Month in the Philippines. It is also ideal to start earlier if you have big plans like going out of town. This way you can prepare your money better. 

Set a Budget and Commit to it

As hard as it can be, still one of the most effective way you can budget your money this holiday season is to actually create one. A specific budget set for your holiday spending is what you need. Now how do you create a budget? Set your category first. You need to allocate money for gifts, personal gift to yourself (maybe you want a new haircut, a new dress and others), a vacation and panghanda sa noche buena. Set a limit for each person on their gifts or follow these 10 very simple things can do to save money on gifts.

Create a Shopping List

Before you go straight to the mall or bazaar try to create first a shopping list. This is the easiest way you can avoid overspending. List down exactly what you want to buy for each person on your list. If you are shopping for grocery on the noche buena then have a list of the ingredients you’ll need instead of going to the supermarket without any plan at all. 

Avoid using your credit card

It could be a very tempting to use credit this holiday season with a lot of promos going here and there. Using your credit card could lead you impulse shopping whereas if you just bring cash or debit card with you will surely think twice before purchasing an item. You can also use the DIY Spending Tracker Notebook to really follow through where your money goes this holiday season.

5. Buy in Bulk

Buying in bulk saves you money and time. If you’ll be having alcohol then buy beverages in bulk there are a half dozen or dozen you can choose from. The same thing goes to ingredients on meals and more. 

I hope you find this post helpful. Let me know in the comment section if you have helpful tips in budgeting for the holiday season.

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Clariza Glino

Izza of SavingsPinay helps Filipinos bridge the financial literacy gap one content at a time by providing insights and tips on budgeting, saving, investing, side hustle and growing your net worth. Aside from this blog she also writes at, a beauty and lifestyle blog for frugal Pinays and manages,, a wedding and event business since 2011. For inquiries, topic suggestions or future collaborations email her at

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