To avoid debt from holiday expenses it is important to develop a budget for the amount you are planning on spending. My Christmas Budget is a free planning tool developed by Dave Ramsey.

You enter the amount you are planning on spending on gifts and other expenses, what you spend and the tool will keep track how much you have left in your budget for the different categories.

The first step is to enter the total amount you are planning on spending, then enter the people you are planning on purchasing gifts for and the budgeted amount for each person.

The tool can be used either on a computer through the website or with an app on a smart phone. With it being on your phone it may be more convenient to update the purchases as you make them.

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Nancy Kvamme

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