How to Plan Your Finances 60 Days Before Christmas

Believe it or not, Christmas Eve is three months away. Consider yourself warned. This year, don't let procrastination invade your holiday. If you start planning and shopping now, it may very well be possible to get through the holidays debt-free.
|
This post was published on the now-closed HuffPost Contributor platform. Contributors control their own work and posted freely to our site. If you need to flag this entry as abusive, send us an email.

Believe it or not, Christmas Eve is three months away. Consider yourself warned.

This year, don't let procrastination invade your holiday. If you start planning and shopping now, it may very well be possible to get through the holidays debt-free. Plus, you'll have more time to enjoy the simple pleasures of the season, like sugar cookies, twinkling lights and winter movie marathons.

First step -- make a Christmas budget. You can create your own or find a free template online. This is also a great time to brainstorm on gift ideas and jot them down in the margins.

Plan your holiday menu now and spread out grocery shopping so you never have to break your weekly food budget. Use the Grocery iQ app to create lists by event, like Thanksgiving, the neighborhood holiday party and Christmas morning brunch.

Even perishables can be bought ahead of time -- just think of the freezer as your best friend. If you see a great price on green beans or cranberries, blanche and freeze them. Make pies ahead of time, save bread crusts for stuffing and buy meat when it's on sale. It can all go in the freezer till you need it.

With layaway, you make a down payment on a purchase -- usually 10 to 20 percent -- and then pay the rest off over time. Once it is all paid, you can pick up your item and have it wrapped under the tree by Christmas morning. Usually, there is a service fee, but early shoppers are being rewarded with layaway perks. Toys "R" Us is offering a free, no-minimum purchase layaway program for shoppers who order toys before October 31. After that, there will be a $5 service fee.

Resolve to get one holiday task done a week. Whether it's holiday photo cards, gifts for one side of the family or even baking, do one task a week. By the time the holidays roll around, you will be in much better shape.

If you'll be traveling this holiday season, it is probably best to book flights before mid-October. Additionally, the majority of airfare sales run Tuesday through Thursday, so wait until midweek to book. You can set up price alerts on sites like Kayak or AirfareWatchdog, and they will notify you when there is a change in price. Just don't wait too long because chances are, by the end of October, prices will steadily go uphill.

If you wait till the last minute, then you are more likely to pay full price to get what you need. Start looking now, and you can buy all your stocking stuffers on sale. Start patrolling the clearance toy sections at websites like Target or Walmart.

With all this advance planning and holiday organizing, it is still important to set aside some time for yourself in the final run-up to the holidays. What do you need? Make your appointment for a haircut, or a manicure, or a fun lunch date with your girlfriends. Be sure to keep up your exercise habits, and try to get enough sleep.

Final Word: Make sure you are doing your best to get the best savings possible. In recent years, online sales have given in-store sales a run for their money, even on big shopping days like Black Friday. Before you make a purchase, see if you can find a better deal online using a coupon code.

Also on HuffPost:

Holiday Shopping Nightmares 2012
Extreme Couponing Turns Violent(01 of09)
Open Image Modal
Extreme Couponer Melissa Mozzo-Mart was allegedly attacked by a Dollar Tree store manager in Germantown, Tenn. the day before Thanksgiving for attempting to use too many coupons, ABC News reports. (credit:ABC News)
Santa Claus Impersonator Gets Beard Stuck During Ceremony(02 of09)
Open Image Modal
A Santa Claus impersonator spent 40 minutes dangling 15 feet above an excited crowd at a mall in England after his white beard got tangled in a rope. He was eventually rescued by a colleague. (credit:YouTube)
Accused Walmart Shoplifter Dies After Fight With Store Employees(03 of09)
Open Image Modal
An accused shoplifter at a Walmart in Georgia died after getting into a physical altercation with store employees over Black Friday weekend, WSB-TV Channel 2 Action News reports. The man was reportedly detained by Walmart workers after leaving the store with two DVD players. (credit:ABC 5 News)
14-Year-Old Boy Robbed Outside Of Mall(04 of09)
Open Image Modal
A 14-year-old boy was walking out of Bed, Bath & Beyond on Black Friday when a group of men attacked him and took his shopping bag, CBS Baltimore reports. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr" data-vars-item-type="text" data-vars-unit-name="5bb30142e4b0480ca6611e9b" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="9" data-vars-position-in-unit="15">Flickr</a>:<a href="http://www.flickr.com/photos/12836528@N00/7427132832" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="kevin dooley" data-vars-item-type="text" data-vars-unit-name="5bb30142e4b0480ca6611e9b" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/photos/12836528@N00/7427132832" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="10" data-vars-position-in-unit="16">kevin dooley</a>)
Black Friday Shopper Allegedly Leaves Two-Year Old In Car To Buy A TV(05 of09)
Open Image Modal
Anthony Perry, a Springfield, Mass. man, allegedly left his girlfriend's two-year-old son alone in a car over Black Friday weekend so he could buy a TV at Kmart, WCVB reports. The child was found in the parking lot and police were forced to break into Perry's car to retrieve the child, WWLP reports. Police later found Perry at his home with his TV and without his car or the boy, police told WWLP. (credit:AP)
San Antonio Man Allegedly Pulls Gun On Line-Cutting Black Friday Shopper(06 of09)
Open Image Modal
A shopper allegedly pulled a gun on a man who punched him in the face while in line at Sears in San Antonio, Texas over Black Friday weekend, police told San Antonio Express-News. (credit:AP)
Man Threatens To Stab Kmart Customers As Black Friday Line Gets Ugly(07 of09)
Open Image Modal
A man threatened to stab people outside a Kmart in San Francisco, Calif. over Black Friday weekend, Local Fox 40 reports. The man eventually calmed down and no one was hurt. (credit:HLN)
Two People Shot Outside Florida Walmart(08 of09)
Open Image Modal
Two people were shot outside of a Walmart in Tallahassee, Fla., on Black Friday, according to WCTV. The victims were a man and a woman. Neither suffered life-threatening injuries. According to the Associated Press, authorities believe a parking space disagreement led to the shooting. (credit:AP)
Dallas Police Subdue Shoplifter Suspect With Taser(09 of09)
Open Image Modal
Things got so chaotic on Black Friday that police officers were forced to use a taser to subdue a frenzied shoplifter in Dallas, Texas, according to WFAA.com. (credit:<a href="http://www.flickr.com/" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr" data-vars-item-type="text" data-vars-unit-name="5bb30142e4b0480ca6611e9b" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="1" data-vars-position-in-unit="7">Flickr</a>:<a href="http://www.flickr.com/photos/51836599@N03/8188041975" role="link" rel="nofollow" class=" js-entry-link cet-external-link" data-vars-item-name="Deputado Estadual Marcelo Freixo PSOL-RJ" data-vars-item-type="text" data-vars-unit-name="5bb30142e4b0480ca6611e9b" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/photos/51836599@N03/8188041975" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="2" data-vars-position-in-unit="8">Deputado Estadual Marcelo Freixo PSOL-RJ</a>)