Christmas Budget Calculator (Holiday Spending Plan)
Enter what you plan to spend and how many months you have to save.
Your numbers
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$
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$
Your results
Total holiday budget
Total holiday budget
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Gifts
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Save each month
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Save each week
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Holiday budget
Gifts —Food —Decorations —Travel —Other —
Christmas Budget Calculator (Holiday Spending Plan) by TheCalcTools
How the Christmas Budget Calculator (Holiday Spending Plan) works
List every holiday cost, not just gifts: food, travel and small extras often add as much again. Dividing by the months left gives a monthly saving target.
Paying cash avoids starting the new year with card debt at high interest.
The formula
Total = people × gift budget + food + decorations + travel + other
Worked example
Using the default values shown in the calculator:
| People to buy gifts for | 10 |
|---|---|
| Average gift budget | $40 |
| Food and drink | $250 |
| Decorations | $80 |
| Travel | $300 |
| Cards, wrapping, events | $70 |
| Months left to save | 3 |
- 10 gifts at 40 plus other costs: $1,100.
- With 3 months to go, save $367 a month.
Result:
| Total holiday budget | $1,100 |
|---|---|
| Gifts | $400 |
| Save each month | $367 |
| Save each week | $85 |
Frequently asked questions
When should I start saving?
Many people start in January with a small monthly amount; any time is better than relying on credit.
Sources and further reading
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This calculator gives estimates for information only. Check important results independently before you rely on them. See our disclaimer.