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Welcome to YNAB! This community is dedicated to the discussion on the popular budget software You Need A Budget. We welcome any posts here regarding YNAB. Feel free to post your questions, budget strategies & advice.

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iamlyth

Budgeting for Christmas gifts (lemmy.ml)

submitted 11 months ago by [email protected] to c/ynab

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I'm curious how this community budgets for Christmas gifts? If you lump sum it, how do you make sure you spend the right amount on everyone?

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[–] [email protected] 2 points 11 months ago (1 children)

I treat Christmas like I treat birthdays. Have a Christmas category and each person gets a goal. Also budget for unexpected expenses like extra food, wrapping papers, etc. Once I spend the money, I put it under gifts with #Christmas #Person so I can have a clean report, but can drill down with a seach if I need to. Here is my breakdown.

Discretionary
- Gifts
Christmass
- Spouse
- Kiddo
- Fido
- Cooked goose for everyone
- Misc. Make the Magic
- We forgot Kevin!

[–] [email protected] 1 points 11 months ago (1 children)

Ooh what a great idea! I am definitely stealing this method, right down to whoever Kevin is!

[–] [email protected] 2 points 11 months ago

Eh, just an obscure movie reference https://m.youtube.com/watch?v=tgMyaAK-aZw

We travel and there is always something a person forgets