holiday season Archives - Our Debt Free Family

The Reason for the Season

It is easy to get lost in the hustle and bustle of what many people refer to as the “shopping season.” The real reason for the season is often forgotten. For many people, it is a time to celebrate faith and love. You celebrate giving and spend time with the people nearest and dearest to your heart. When I think back on holidays as a kid, I think about the Christmas morning breakfast we had each year when my Nana came over.

I also think about the smells in the house, how I’d put on a fashion show with all my new clothes, and we’d curl up on the couch, calling all of our family that wasn’t able to be there. Then, dad would spend the day helping us get our new toys set up while mom cooked a yummy meal. That warmth is something I am reminded of often when thinking about how we can create our own traditions.

How We Are Creating Traditions

Now that we have a little one, it’s time for our family to start creating traditions of our own. My husband and I have been spending time talking about the things we’d like to do with her each year. Obviously, this year she’s still too little to do much of anything but next year and the year’s to come we can continue to build on our traditions. We will also carry over some fun things we remember from our own childhoods (Christmas lights and dressing as Santa).

I recently talked about how we prep for the holiday season and keep things within our budget. The biggest thing was to find things you can experience together with family. While we do plan to do things like matching pajamas and ugly Christmas sweaters each year, the main focus of the traditions we’re creating won’t be material things. We will do small stockings and one big gift each year. Our holidays will be centered around having a fun time with family, showing love and appreciation for each other, and being thankful for the amazing lives we have together.

Readers, what are your favorite holiday traditions?

Amanda Blankenship

Amanda is an editor and writer. She has a passion for sharing information that helps people and communities to better themselves in some way. In addition to writing online, she also freelances for local newspapers in her hometown of Charlotte, NC.

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The holidays are swiftly approaching. It’s hard to believe we will be celebrating our first Thanksgiving with our little one next week! For many people, this is a stressful time of year. Most of us have more social engagements than usual. On top of that, we are spending more money than we normally do, possibly traveling, and probably not eating the best. Many people find themselves biting their nails over the cost of presents and celebrations. Here is how our family tries to prepare for the holiday season.

Confession: I’m Buddy the Elf

If you’ve seen the Will Ferrell movie Elf, you know Buddy. I am him, he is me. Christmas time is one of my favorite times of year (I’m also a huge fan of Halloween). I simply love the season of giving, family time, baking, colder weather, traditions. It is important to me to be able to spread my cheer each year. However, it is also extremely important we stay within our budget each year. Only a cotton-headed ninny muggins would go into debt buying presents, right?

While we certainly don’t plan to put any gifts on credit this year, many Americans do. In fact, more than 21% of Americans say they will go into debt buying Christmas gifts. About 29% of shoppers say they’ll go into debt but they pay it all off in full with their tax returns. In general, people are willing to go about $1,400 in debt just to celebrate the holidays. For our family, wracking up debt on gifts just simply isn’t in the cards and it shouldn’t ever be, honestly.

Establishing New Traditions

Because Christmas is such an important time of year for me, we want to establish family traditions. One thing we are going to try to do is work in a lot of low-cost or free activities into our holiday traditions. For instance, there is a giant village about an hour from our home that has an amazing Christmas lights display. We will likely pack some food, hot chocolate, and get in the car to see the lights each year. This is little cost to us and a great tradition.

We will also be doing low-cost crafts. This is something I always did with my godchildren before. Each year, we plan a night where all our parent friends can get together with their kids and do some type of holiday craft. I also usually bake cookies for them to decorate. The entire event typically costs less than $50 and is so much fun. It is also a great tradition to keep (kind of like a Friendsgiving of sorts). We’ve also been considering doing things like volunteering and family secret Santa when our little one is a little older too.

Another thing I’ve seen online this year is people hitting the dollar store for their decor. This is great way to switch up themes and color schemes from year to year at a low cost. I’ve seen some folks on TikTok decorate their tree for less than $35. That’s pretty amazing! So, in essence, we are looking to keep costs as low as possible by establishing some low-cost traditions and focus on the reason for the season.

How Do You Prepare for the Holiday Season?

As always, personal finance is personal. If you are someone who takes out a loan every year and it works for you, keep doing what works for you. If you’re like me and start the countdown for Christmas on December 26, saving and planning throughout the year, that’s okay too. You are doing what works best for you and your family.

At the end of the day, it really isn’t about the amount of money you spend. Focus on spending quality time with your family this season. Those are the memories they’ll keep forever anyway. Happy Holidays!