How to Set a Holiday Budget?

This year, you need a holiday budget. But how much money should you plan to set aside for this holiday season? We recommend no more than 1.5% of your annual income. 

According to PwC Canada’s holiday outlook report, Canadians will spend an average of CA$1,442 for the 2022 holiday season, up 2% from 2021. 

The main reason people get into trouble and overspend is because they don’t have a holiday budget. We have taken the liberty of putting together a template for you so that you can avoid having a panic attack in January when your credit card bill arrives.

Download our fillable holiday expense planner to track your spending this holiday season!

Holiday Budget Download Image

The holiday season is meant to be a time of joy not stress and anxiety. If you go into the holidays armed with a plan and a budget it will give you the confidence to say no when you need to and help eliminate the overspending that comes with impulse purchases.

Happy holidays!

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