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How to use Credit Karma’s debt repayment calculator
If you’re trying to get out of debt, Credit Karma’s debt repayment calculator can help you figure out how long it could take.
Our calculator can help you estimate when you’ll pay off your credit card debt or other debt — such as auto loans, student loans or personal loans — and how much you’ll need to pay each month, based on how much you owe and your interest rate. You’ll also be able to see how much principal versus interest you’ll pay over the lifetime of the debt.
Of course, it’s important to keep in mind that these are only estimates based on the info you provide. This debt payoff calculator can help give you a sense of timing and monthly payments as you put together a repayment plan, but it doesn’t consider other factors — such as your card’s annual fee (if it has one), late-payment fees or any other fees you might incur. It also assumes you won’t use the card to make any new purchases.
Here are some details on the information you’ll need to use this debt calculator.
Balance owed
Enter the amount of debt you’re trying to pay off. For example, if you’re paying off credit card debt, you can usually find the balance by logging into your credit card account or looking at your most recent billing statement.
If you’re carrying a balance on multiple credit cards, and you’re planning to consolidate those balances on to one card, you could list the total combined balances here. But if you plan to pay the cards off separately, run a calculation for each card separately because they may have different interest rates.
Estimated interest rate
The interest rate is the amount you’ll pay to borrow money, expressed as a percentage. The interest rate on a loan is different from the annual percentage rate, or APR, which includes the amount you pay to borrow as well as any fees. On a credit card, the APR is the interest rate expressed as a yearly rate. Entering an estimated APR in the calculator instead of an interest rate will help provide a more accurate estimate of your monthly payment.
Pay attention to whether your credit card charges different interest rates for purchases, balance transfers and cash advances. If that’s the case, you may be able to refer to your most recent credit card statement to see which rate most of your balance is being charged. If you have two large balances on your card that have different interest rates, you might want to run those balances through the calculator separately.
It’s also important to keep in mind that if you make a late credit card payment, you might get hit with a penalty APR, which could unexpectedly increase your interest charges.
You can usually find your credit card APR by logging into your account and searching for the terms and conditions, cardmember agreement or a recent billing statement. If you have a loan, the APR should be stated in your loan documents.
Expected monthly payment
Whether you plan to make your credit card’s minimum payment or think you can afford to pay a little more each month, enter that amount here to find out how long it could take you to get out of debt. If you’re more concerned with repaying your debt within a certain timeframe of number of payments, keep this field blank.
Desired months to pay off
Enter the length of time (in months) that you’d like to repay your debt. For example, if you want to pay off your credit card debt in the next year, enter “12 months” in this field to estimate how much you need to pay each month to hit that goal.
How do you calculate interest on a credit card?
To calculate your interest charges, you need to figure out what your APR is, how much your average daily balance is, and how many days are in your billing cycle. You should be able to find most of this information by logging into your account.
Divide your APR by 365 (the number of days in a year) to get your daily periodic rate.
Multiply that number by your average daily balance. Your average daily balance is your total balance divided by the number of days in your billing cycle.
Multiply your daily periodic rate by the number of days in your billing cycle to get your total interest charges for the billing cycle.
If you’re carrying a credit card balance, you’ll likely be charged interest. Credit card companies may differ in the time frame they give you to pay for new purchases before they charge interest, though they typically give you about a month to do so.
How do you calculate a credit card payment?
Your credit card issuer will require you to make the minimum payment each month. Whileeach issuer may have a slightly different policy, the common practice is to charge the greater of a certain amount (say $25 to $35), or …
1% of your current balance, plus
Any new interest charges, plus
Any late fees or past due amounts if you previously missed a payment
You may also choose to pay your statement balance or current balance. The statement balance is your entire balance as measured at the end of your last billing period. After you receive your credit card bill, you usually have a few weeks to pay before it’s due. During this time, any additional purchases you make will be added to your current outstanding balance, which is the total amount you owe right now.
You can avoid interest charges by paying off either the statement balance or current balance by the due date.
How can I pay off large amounts of debt?
Consider these strategies and financial products to help you get out of credit card debt or other types of debt.
Snowball method
With the debt snowball method, you start by knocking out your lowest debt balance while making the minimum monthly payment on everything else. After you pay off that first debt, you put the money you were paying on it toward your next smallest debt. If you repeat this process, you’ll start gaining momentum like a snowball.
Paying off your smaller debts more quickly provides a little extra motivation. But the downside is that you might pay more in interest charges because you’re prioritizing the size of the balance over the APR.
Avalanche method
The debt avalanche method, on the other hand, focuses on paying off your debt with the highest interest rate first. This way, you’ll reduce the total amount of interest you pay on your debt over the long term. But you might not notice your progress as quickly, especially if your higher-interest-rate debt consists of your larger balances.
Balance transfer card
You may find it simpler to consolidate your credit card debt onto one card with a balance transfer credit card. Not only is it easier to focus on one payment, but you might be able to negotiate a lower interest rate to help you save money.
Some credit cards have a low promotional interest rate on balance transfers. This could be ideal for people with good or excellent credit who qualify for the card and expect to pay off their balance within the intro APR period.
Personal loan
If you need more time to pay off your debt, consolidating your credit card debt into a personal loan may offer lower interest rates over a longer period of time. Keep in mind that you’ll need good to excellent credit scores to qualify for the best loan rates and terms. And the longer you stretch out your personal loan term, the more interest you’ll pay on your loan. If you decide a personal loan is your best option for paying off your debt, be sure to shop around and compare loan offers to find the best option for your financial situation.
Kris and I received $2789 in tax refunds this year.
Already I can hear the sound of hundreds of heads thumping against hundreds of desks. Many of you are wailing, “Why?! Why?! Why?!” Of all the financial choices a person can make, getting a large refund is universally considered one of the dumbest. Magazines advise against it. Books advise against it. Blogs advise against it. Yet every year, millions of Americans like me use their tax refund as a sort of forced savings account.
Why do we do it?
The arguments against a big refund
First, let’s examine the reasons a person shouldn’t get a big tax refund.
“You’re giving an interest-free loan to the government!” The implication is that this is a stupid idea. My response is generally, “So what?” I don’t mind giving an interest-free loan to the government. I view it as a form of short-term charity. It doesn’t bother me.
“You’re cheating yourself of cash-flow!” If you receive a refund, you’ve had extra money withheld from each paycheck. In my case, I’m having more than $100/month extra withheld. For some, this money can make a real difference in day-to-day living. In fact, it may be the difference between having to use credit or not. There’s merit to this argument, but it doesn’t apply to me. I’m not that pinched.
“That money could be invested at a high rate of return!”This argument I grant to be convincing, and I don’t have a rebuttal. Not only does a tax refund give your money to the government interest-free, it also deprives you of the chance to earn a return on the money.
If there are clear reasons not to get a tax refund, then why do it?
The argument for a big tax refund
I suspect that everyone who chooses to get a big tax refund does so for the same reason. It’s a psychological trick. I like the lump-sum windfall.
In the past, I was a poor money manager. There was no way I could have saved an extra $50 per paycheck. I would have spent it. But by electing to receive a large refund, I imposed a forced savings plan on myself. Over the years, this enabled me to:
Purchase a brand-new Bianchi Volpe touring bicycle
Purchase a refurbished Macintosh G5 tower
Save money for a cruise to Alaska
Not all of my refund-based purchases were smart. Last year I spent all the money on comic books. That was dumb. Here are all the things I’ve done with this year’s refund:
I spent $150 on comic books (my only comic book splurge so far this year)
I spent $90 on lectures from The Teaching Company
I put some into savings for our vacation this summer
I used some to pay for continued work with my wellness coach
And I used $1000 to pay off debt
I consider this a fine balance, a perfect use of a small windfall.
Why I won’t pursue a tax refund in the future
Having said this, this is probably my last big refund. At this point in my life, based on what I know about money, a tax refund is a poor choice. I have developed enough self-discipline to use my money wisely, even when it comes in small chunks.
But I’m not going to argue that you shouldn’t get a refund. Do what works for you. If a large refund makes you happy, by all means do it. If it helps you to save, then do it. However, as with the debt snowball, realize that you are paying a mathematical penalty for doing so.
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Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your dollars to work so they provide gains while you sleep. Here are the details and the best ways to put $1,000 of passive income into your pocket every month. For help managing your money — no matter how you earn it — consider working with a financial advisor.
What Is Passive Income?
The IRS defines passive income as earnings generated by someone who isn’t materially participating in the endeavor, meaning you work less than 500 hours annually on a project or less than 100 hours if you put in more time than the rest of any coworkers involved.
Essentially, passive income is created by developing assets that earn money by themselves. For example, creating a blog with affiliate links will provide earnings every time a reader clicks through to a specific product. This way, you make money in perpetuity for the work you did once.
How to Find Ways to Make Passive Income
Passive income comes from assets, like a YouTube channel or an online store. In most cases, though, you need resources to start out. Whether you buy a better webcam or take a writing course, generating passive income means investing money to get yourself going. Therefore, saving money beforehand is key.
To that end, your first steps are researching the passive income streams that appeal to you, identifying your starting costs and saving the money you need. In this phase, it’s crucial to avoid financial risk. Piling money into a high-yield savings account is an excellent choice because you can earn 4% APY in an account with FDIC insurance.
Putting serious cash into a savings account that compounds monthly can also serve as a first exposure to passive income. You’ll put your dollars to work and watch your money grow. Once you save the money you need, you can invest it in more lucrative passive income streams.
Low-Involvement Passive Income
These options put the ‘passive’ in passive income because they require less work to get going. However, they have less earning potential than high-involvement passive income streams.
Purchase Series I Bonds
Rising interest rates have made Series I bonds a viable passive income investment. Specifically, you can purchase these bonds with a 4.3% APY through October 2023, after which the government will modify the rate (this occurs every six months). Plus, the U.S. Treasury backs these bonds, meaning your risk is almost zero.
Additionally, Series I bonds earn interest for thirty years, making them a suitable long-term investment. On the other hand, you can sell your bonds after holding them for at least a year. However, you’ll lose the most recent three months of interest if you sell them before holding them for five years.
Create a CD Ladder
A certificate of deposit (CD) is like a short-term savings account with an excellent interest rate. Therefore, you can continuously purchase new CDs as they mature and reinvest your gains. You can buy a CD at most banks and credit unions.
CDs mature in one to five years, depending on the specific product. The longer the term, the higher the interest rate. Because your CD money isn’t accessible while it matures (unless you want to forfeit your gains), it helps to create a CD ladder. This way, a portion of your investment is always available.
For example, your ladder could look like this:
$1,000 in a one-year CD with a 3.5% APY
$1,000 in a two-year CD with a 3.75% APY
$2,500 in a five-year CD with a 4.5% APY
So, you’ll receive part of your investment back after a year and can reinvest or pocket the profits. Then, you’ll get another portion of your investment back after another year and the final $2,500 plus interest three years after that. Your ladder will provide a stream of income at different milestones, boosting your liquidity as an investor.
Become a Paid Online Shopper
If you’re a dedicated online shopper, you can turn your pastime into cash. For example, Rakuten pays between 1% and 20% for each online purchase you make, with no upward limit on earnings. While this perk isn’t a license to impulse spend every night, it can provide a passive income boost to purchases you would make regardless. You’ll also get a $10 welcome bonus for signing up (or more for using specific affiliate links).
Use Rewards Credit Cards
A rewards credit card pairs perfectly with online shopping (and any other shopping you do). There are dozens of excellent rewards cards available, such as Discover (1% to 5% cash back per purchase) or Chase Freedom Unlimited (1.5% to 5%). This way, all your purchases, from grocery stores and gas stations to vacation expenses, will provide an income stream. Remember, paying your credit card monthly is essential for this strategy. Otherwise, you’ll pay at least 15% APR on your balance, putting yourself in the hole instead of getting ahead.
Use a Robo-Advisor
Robo-advisors are digital investment companies using algorithms to grow a diversified portfolio of assets. The advantages are the low management costs and balance requirements. For example, Betterment charges $4 per month to invest, with no minimum balance requirement (you can achieve even lower fees with a sufficient balance or monthly deposit). Because human advisors charge at least 1% of the assets managed and often require a high minimum balance, robo-advisors are an inexpensive, accessible way to receive capital gains. In addition, your portfolio will rebalance itself periodically, meaning you don’t have to lift a finger.
High-Involvement Passive Income
These methods require more elbow grease but can provide thousands of dollars per month:
Invest in the Stock Market
Since 1926, the top 500 companies in the stock market (as tracked in the S&P 500 index) have returned an average of about 10% per year. Therefore, the stock market remains one of the most lucrative passive income options.
You can open an investment fund, dump money into an S&P 500 index and let it grow. However, you can also become a more involved investor by researching companies and industries and allocating money to stocks in companies with high growth potential. While doing so requires more work, you may see higher gains if you can stomach the risk.
Invest in Real Estate
Real estate can provide passive income in various ways. First, you can purchase shares in a real estate investment trust (REIT) if you don’t want to own or manage physical property. Instead, you’ll have shares in a company that invests in mortgages and commercial real estate. You’ll receive gains when the company’s investments flourish. Because federal law requires REITs to return at least 90% of their profits to shareholders, you’ll see profits any time the company does well.
Next, you can purchase rental properties to develop monthly income from rent payments. This strategy involves managing property and can get hectic if you acquire multiple properties (fortunately, you can hire a company to manage your properties when you scale). The payoff is thousands of dollars per month, which can offset the mortgages for your properties and pad your wallet. As you pay off the homes, each rent payment becomes worth even more. Plus, property appreciation gives you an opportunity to sell the property for substantial gains.
Start a YouTube Channel
The typical YouTuber receives $18 per 1,000 views on their videos. So, you can transform a hobby or passion into a series of money-making videos. For example, if you have a particular skill, such as DIY home improvement, your how-to videos can educate the masses and provide hefty returns.
Start a Podcast
Similarly, your favorite topics, movies, books and more can become profitable discussion material on a podcast. So, choose what interests you most, purchase a high-quality microphone and start talking. Like a blog, a podcast can provide earnings through advertisements, affiliate sales and membership subscriptions.
Create a Course Online
Likewise, you can turn a special skill or interest into web-based training. So whether you’re a social media marketing savant or a workout expert, you can transform your knowledge into a purchasable set of online classes.
Write a Book
While writing a book requires time, editing and publishing costs, book royalties can provide sizeable passive income. Additionally, your earnings can snowball if you release multiple books. Plus, you can also pair this strategy with an online writing course if you become a well-known author in your genre.
Remember, you can write physical books or eBooks. The advantage of eBooks is the inexpensive publishing, mass availability and sales potential. Specifically, Publishers Weekly reported eBooks sales for 2022 to be $2.57 billion, a 6% increase from the year prior.
Maintain a Blog
Writing a blog can be an excellent creative outlet and passive income generator. Whether your focus is pet training or gardening, you can write with expertise and direct readers to the products you use. This way, you can earn affiliate income, gain an online/social media audience and accumulate an email marketing database.
Create Leads For Another Business
If you want to create a website but don’t have a specific idea for earning money, you can increase sales for another company instead. For instance, you can write about topics pertaining to the business and provide links to the company’s website. This way, every click can earn a commission. In addition, you can use social media and Google ads to generate leads.
As a result, competence in Digital Marketing and SEO is essential for this strategy to work. The payment structure usually involves a flat monthly fee or a pay-per-lead model. This flexible business model has great potential for scaling up to generate an unlimited monthly income.
Sell Stock Photography
Many internet-based entrepreneurs lack the time or inclination to snap their own photographs for their websites. Instead, they resort to stock images, which are generic and expertly captured photographs. These photographs are usually acquired as a set or via a monthly membership to a stock photo website.
So, if you want to diversify your income sources as a photographer, you could create and sell styled stock photo bundles. For instance, you could offer a package of 15 stock photos with a business theme for $15. Then, you can market your product to websites and businesses. By doing this, you can earn a continual flow of revenue from images you captured once.
Rent Out a Room
If you have additional rooms in your home and are open to having guests, you can utilize online platforms such as VRBO to rent out a room in your house. Moreover, you could rent out your entire home if you travel frequently. The cost of renting a room varies based on location and the area you reside in, meaning you could charge hundreds of dollars per night in a high-demand area.
Rent Out Your Car
Similarly, you can rent out a car if you have a second one or don’t drive much. Platforms such as Turo connect car owners with customers who need a vehicle temporarily. Renting out your car a couple of weekends per month can create hundreds of dollars of extra income for an asset you already own.
The Bottom Line
There are numerous options for generating $1,000 a month in passive income. Your path toward earning this self-sustaining income stream depends on your strengths, interests and the amount of time and work you put into the project. Therefore, your way forward may be as simple as becoming an Airbnb host or involve researching the real estate market and purchasing a rental property. Remember, your passive income will have specific tax implications, so it’s best to understand how an asset will affect your taxes before going all in.
Tips for Making $1,000 a Month in Passive Income
A financial advisor can help you create a plan for your money. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Remember, reducing costs means keeping more of your passive income. Shaving even a tiny percentage off expenses can create a significant upside. For more, here’s how minimizing expense ratios can boost your savings.
Ashley Kilroy
Ashley Chorpenning is an experienced financial writer currently serving as an investment and insurance expert at SmartAsset. In addition to being a contributing writer at SmartAsset, she writes for solo entrepreneurs as well as for Fortune 500 companies. Ashley is a finance graduate of the University of Cincinnati. When she isn’t helping people understand their finances, you may find Ashley cage diving with great whites or on safari in South Africa.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
The Christmas season is here and you want fun ideas to do!
To help make your life easier this year, I created a bucket list full of over 100 activities. You can use it as an actual bucket list or just enjoy scrolling through some fun things to do with friends and family before December 25th.
You will find everything from decorating ideas for your home (from simple snowflakes that are easy enough for kids to make) all the way to DIY recipes for Christmas treats.
Who doesn’t love a good list?
This Christmas bucket list is things you can do with your family around the Christmas season to make it more lively and enjoyable.
I made this list for my own kids, but I thought I would share it with you to use it too!
How can you make your Christmas bucket list more fun?
There are many different ways to make your Christmas bucket list more fun.
One way is to focus on new activities that you haven’t done before. Another way is to add food-related activities, which always make Christmas special.
You can also try incorporating some outdoor activities, even if it’s just for a (snowy) day.
And don’t forget about family traditions! They’re a big part of the holidays and can really enhance the experience.
No matter what you do, make sure you enjoy yourself (and not stress yourself out)! The holidays are a time for celebration and should be spent with loved ones. Merry Christmas!
Memorable Christmas Bucket List
While we love the classic Christmas bucket lists, we also are always looking for unique ideas to add to your holiday bucket list.
Some of these out-of-the-box ideas are pretty sweet and you may want to do them year and year again.
You can find everything from baking cookies to attending a German market to spending Christmas at a lodge. No matter what you choose, make sure you keep in touch with your family and friends during the holidays.
1. Go to Mexico. This is one of our Christmas traditions! There is something relaxing about enjoying the beach while Felix Navidad is playing in the background. (Gift hint… all of the beach gifts can be given to be used on the trip.)
2. Book a Wintery Mountain Stay. On the flip side, there is something magical about sipping hot cocoa while by the fireplace when giant snowflakes are falling outside.
3. Participate in a Neighborhood Luminaires Night. Organize one night for all of your neighbors to put luminaries outlining their driveways. It is a symbolic event with neighbors coming together in peace.
4. Roast Chestnuts. Just like in the famous song by Nat King Cole, it is your turn to roast chestnuts on an open fire.
5. Wrap Presents with Friends. For some wrapping presents is fun, for others it is a task. But everything is always sweeter to do with friends, so plan a time to wrap presents with friends. Appetizers and drinks are optional.
6. Order Matching Christmas Pajamas. This is a popular Christmas tradition for most families. Make sure you order your matching Christmas Pajamas in time. Some of my favorite places to find them are Kohl’s, Macy’s, and Amazon.
7.Wear Matching Christmas Pajamas. Depending on the age of your kids and spouse will depend on how well the matching outfits go over. Make sure to snap pictures!!
8.Kiss Under the Mistletoe. This is a fun Christmas tradition for kids and adults. Kids love this because it’s not just kissing their parents on the cheek, but they get to kiss everyone in the room! Adults love this too because it’s a great opportunity to get some alone time with your significant other.
9. Host a Progressive Dinner. This is a great idea to host a fun holiday party. For each course of a meal, you move houses.
For example, you start at house A for appetizers.
Then, move to House B for dinner.
Finally, wrap up at House C for dessert.
If you have more houses participating, then you can easily stretch to a 7-course meal.
10. Buy Ugly Christmas sweaters. This is a love-hate for many people. Are you totally into buying Christmas sweaters or do you want to shy away? Either way, it is always helpful to have at least one ugly Christmas sweater in your closet.
11. And then host an Ugly Sweater Christmas Party. Time to invite all of your introvert friends for an epic ugly sweater party. The winner walks away with a prize!
12. Go to a Christmas Eve Service. If you’re feeling a little more spiritual, there are many churches that offer Christmas Eve services. If it’s your first time going to one, consider this a good opportunity to introduce the whole family and get them interested in going.
13. Classic Christmas Movie Marathon. This is always a popular idea! Especially one that is next to free to do! Pull up the classic movies and enjoy!
14. Read Christmas Books. This is another one that is uber-popular in our house! We try to stick with Christmas-only books in the month of December. One of our favorites is JK Rowling’s latest book!
15. Go on River Cruises. The river is a great place to find some peace and quiet. You can go during the day or at night.
16. Stay Downtown. Whether you are looking in another state or in your own city, you’ll find a new adventure.
17. Snowman Building Competition. Set up a snowman building competition in your neighborhood and let the winners decide what charity to donate the money raised! Bragging rites until the next competition is held.
18. Shake a Snowglobe. Maybe even add to your snowglobe collection. There is a great children’s book called Snow Globe Family. That is a super fun read.
Classic Christmas Bucket List Ideas
This is the list you think of when it comes to Christmas things to do!
Whatever you decide to do this holiday season, make sure it’s something that will create memories that will last a lifetime.
19. Bake Christmas Cookies. This is the classic holiday bucket list idea. Here are some of our favorite Christmas cookie recipes.
20. Watch Christmas Hallmark Movies. Did you know there is a countdown to when the Hallmark Channel releases their Christmas movies?!?! Yes, this is a must-do for many people. In fact, you may want to buy them the same Hallmark socks we gave our moms.
21. Host a Christmas cookie exchange. Yes, please! Cookie exchanges are the best. In fact, it is one of the most popular Christmas challenges.
22. Go Christmas Caroling. Is it a tradition? Or is it just something that you love to do with your friends and family? Bring joy to your neighborhood or nursing home by singing traditional Christmas carols.
23. Volunteer. This could be serving at a soup kitchen, organizing an event for people who can’t afford gifts to “shop,” or lending a hand to a neighbor in need. There are many organizations looking for help.
24. Build a Snowman. Yes, this is the ultimate idea for families. Make sure you have the snowman supplies to dress up your Frosty the Snowman properly. Don’t forget the carrot nose!
25. Build a Gingerbread House. This is a classic activity for many kids and you can easily pick up a gingerbread house kit for under $10. However, it is not just for kids. Check out this family’s gingerbread house display!
26. Christmas Portrait Time. Thankfully, this time of year you can find plenty of Pinterest-perfect backdrops to take portraits at. You can take family photos or one of each person in your house. This accessory helps your amateur photos look professional!
27. Mail Christmas Cards. This may have been a long-standing tradition for many years and slowly making a comeback. You can take Christmas photos just for the occasion or a collage of photos. Order your Christmas cards here.
28. Read Twas the Night Before Christmas. This Christmas classic must be read at least once on Christmas Eve. Grab your copy of the classic book.
29. Find Creative Ideas for Elf of the Shelf. Let’s face it. You jumped on this tradition … hook.line.and.sinker. Now, you must keep up with all of the Pinterest perfect ideas.
Christmas Outdoor Bucket List
Time to get outside and explore. Fresh air is always helpful!
30. Go Sledding. This is a classic bucket list item. Check out a new sledding hill in your neighborhood.
31. Build a Snow Fort. This is personally one of my favorite activities, but Mother Nature must cooperate with tons of snow! Grab some shovels and start building a fort!
32. Snowball Fight Time. Who doesn’t love a good snowball fight?!?! Grab some friends and head out for an epic snowball fight. Even better if you built the snow fort prior to game time!
33. Go Ice Skating. This is a classic especially if you live in the upper midwest. There are plenty of recreation centers that make ice skating a reasonable cost activity.
34. Skiing. Fresh powder sounds like the perfect Christmas tradition. Just make sure to book your ticket early.
35. Plan a Wintery Picnic. Grab a blanket, lunch, some hot cocoa, and your Christmas Pajamas for an outdoor picnic this winter! Make this time special with a special picnic basket to use.
36. Go Snowboarding. Time to shred the slopes. Check out the latest snowboarding gear.
37. Time to Go Tobogganing. What is tobogganing exactly? Much like sledding except you hit the snow-covered slopes and artificial-ice-covered chutes with a toboggan.
38. Give the Gift of Nature. Take your family on an outing to see some beautiful nature! Get out in the fresh air and enjoy the beauty of nature.
39. Make a Snow Angel. This is the perfect activity for kids to do. Yet, very calming and peaceful if you decide to get down in the snow and create snow angels.
40. Hunt for the Perfect Live Tree. Grab your permit and go on a hunt for the perfect Christmas tree. Make sure to bundle up and wear snow boots!
41. Catch Snowflakes on your Tongue. Regardless of your age, this childhood memory needs to be done yearly for your Christmas bucket list. Drop all of your worries off your shoulders as you catch a snowflake on your tongue.
42 Skate on Outdoor Ice Skating Rinks. Skip the indoor rinks and head outside to skate. Even more romantic if the snow is falling.
43. Create a Winter Wonderland. This one is a do-it-yourself project that doesn’t require any crafting skills.
44. Go for a Holiday Walk. Take some time out of the hustle and bustle by taking a walk outside.
45. Neighborhood Christmas Light Competition. Another great idea is to put your home in a Christmas lights competition! This can be really fun if you have friends and family who live close by. All you need is some creative decorations and an appetite for holiday cheer.
Name That Entertainment Holiday Bucket List
Time for friends, laughter, and fun!!
These are the social must-haves on your entertainment holiday bucket list!
46. Host Christmas Eve Dinner at your home. If you have room, open up your home to friends or family who might otherwise be alone for Christmas. Our Christmas Eve tradition is fondue!
47. Christmas Party Night. Invite your friends and family over for a Christmas party night! This is a fun way to get everyone together in one place, have some laughs, and enjoy each other’s company.
48. Wear Christmas Dress Attire. Everyone wants an excuse to dress up. So, make sure you have a special occasion to year your Christmas cocktail dresses.
49. Find Entertainment from the Seasonal Classics. This could be watching The Polar Express (it’s on Netflix now!), listening to holiday music, or reading a children’s Christmas book.
50. Host an Advent Calendar Party. It is so much fun to count down the days before Christmas! This works especially well in a classroom setting. Each day is a new activity to count down the days until Christmas.
51. A Christmas Story. Watch A Christmas Story and then read a few of the lines with your friends!
52. Home Acting. Put on your own production of your favorite movie or theater production!
53. Misfit Toys. Collect a variety of small, inexpensive toys and have your guests guess which toy belongs to each guest. To make it more fun, be sure to include some items that are broken or missing pieces!
54. Mistletoe Bingo. Get your guests in the Christmas spirit by setting up a bingo board with different categories for them to fill out!
55. Birthday Party for Jesus. ‘Tis the reason for the season – the birth of Jesus Christ. Plan a birthday party to celebrate everything Jesus gave to us.
56. Holiday Game Night. Christmas is a time for fun and games, so why not have a Christmas-themed game night? Some popular game ideas include playing charades, Pictionary, or Cranium. You could also try some new games that you haven’t played before – like Elf on the Shelf or Monopoly.
Holiday Season Bucket List Around Town
One of the best things about the holiday season is there are SO MANY activities to do with no money. You can find something to do each day for free.
The paid events are classics that create lifelong memories!
57. Book a Limo to Check out Christmas Lights. What better way to enjoy watching the Christmas lights and not having to drive? Personally, this works great when sharing the limo costs with friends!
58. Attend a Local Craft Fair. These craft fairs are becoming a hot place to find personalized gifts. Plus it is a great way to give back to local small businesses as well as the high school teams and clubs who organize the craft fairs.
59. Book Tickets to a Lightshow. This is a hot commodity so make sure to book your tickets early – like around Halloween. That way you will get the prime time you want to attend the light show. Also, many areas have more than one popular light show to see!
60. Attend a Ballet Performace. While the Nutcracker is a popular dance performance, there are plenty of other ballets at this time of year.
61. Watch The Nutcracker Live. I have danced in and seen the Nutcracker so many times that I have lost count. However, I love the production, the costumes, and the music! Make it more magical by taking a young girl who has never seen the Nutcracker before and watching the production through their star-struck eyes.
62. Visit Your Local Christmas Market. Every town has one. A local store stocked with all things Christmas! Maybe even see if your area has a German Christmas Market and check out the varying traditions.
63. Attend a Holiday Tree Lighting Event. Right after Thanksgiving, there are plenty of local tree lighting ceremonies. Check with your city for dates and times.
64. Attend a Holiday Festival. The holidays are the perfect time to attend a festival with family or friends. By attending, you can enjoy the activities and experience new things that may be on your list for next year!
64. Attend a Christmas Parade. Get out and see the Christmas spirit in all of your favorite holiday traditions. Most cities kick off the holidays with a parade.
Christmas Bucket List in the Kitchen (Recipes a Must!)
Around the holidays, the kitchen is the hub of the activity. More money is spent on food and drink in November and December. So, you must include a few of these Christmas activities on your list.
65. Decorate Sugar Cookies. This is a great project that tastes delicious. It’s also really easy and you’ll be surprised how much your decorating skills improve each year.
66. Make Hot Cider. Hot cider is a great drink to have this time of year. This Christmas treat can be made in the oven or on the stovetop, with just enough heat that it’s still perfect for kids and adults. Plus it makes your house smell naturally festive.
67. Enjoy Hot Chocolate with Marshmallows. This is a perfect wintertime drink. Surprise the family with cute Christmas mugs.
68. Drink Egg Nog. This is a classic must-have during the holidays. There is something that warms your belly with the creaminess of egg nog. Make sure to buy your Egg Nog early as many stores ran out at Christmas time. Which eggnog flavor is your favorite?
69. Gourmet Hot Chocolate Bar. Set up a hot chocolate bar with all of your favorite toppings, like cinnamon, heavy cream, and gourmet chocolates. This will make the holidays even more special!
70. Snowy Ice Cream Treats! Make some delicious homemade ice cream and put it in bowls or cups and hand them out to your loved ones.
71. Visit a Bakery. These places are filled with great ideas! If you don’t have time, pick up one of their creations. Or try to make your own at home.
72. Make Your Own Gingerbread House Kit. This gingerbread house kit contains everything you need to make a gingerbread house this season.
73. Make Homemade Marshmallows. These are so simple to make and perfect for hot chocolate or in a sugar cookie recipe!
74. Make a Birthday Cake for Jesus. There is a huge reason to celebrate! So, let’s bake a cake and celebrate!
Crafty Christmas Bucket List
You don’t have to be super crafty for any of these projects. Simple ways to make decorations!
For many people, making their own gifts is a great way to give awesome Christmas gifts when you are broke.
75. Get crafty! There are thousands of Christmas crafts you can do during this season! Some ideas include making ornaments or wreaths, cutting out snowflakes, decorating a gingerbread house, or making your own Christmas cards.
76. Make DIY Christmas Tree Ornaments. Okay, I will be honest … there are so many great ideas for DIY Christmas Tree ornaments that I freeze on which project to actually complete. So, pick 1 or 2 that you know are within your crafty skills and get started!
77. Make Paper Snowflakes. This is a classic Christmas activity to do.
78. Make a Christmas Wreath and Decorations with your kids or family members. This is great for the whole family to do together, as it helps create memories that are sure to last a lifetime.
79. Wonder the Craft Stores. With no agenda and plenty of time! Let your mind wander and fill with amazing Christmas crafts you could make.
80. Make Salt Dough Ornaments. This is the simplest Christmas craft for the non-crafty person! Learn how to make salt dough from Katie.
81. Create Candy Care Garlands. The options are endless on this one! You can use big candy canes or mini candy canes to make your garlands.
82. Decorate a Christmas Photo Frame. This is a fun project that can be completed in just minutes! Take any old frame and spray paint it white. Then, add Christmas decorations around it or use spray painted puzzle pieces.
83. Knit Christmas Mittens. This is a quick and easy project to knit up for the holidays!
84. Make Your Own Snowmen. Make your own snowman out of rice or beans, it’s fun and easy.
85. Put Snowflakes on the Windows. This is a fun and easy way to decorate for the holidays.
86. Make Your Own Poinsettia Wreath. These wreaths can be made in no time at all!
87. Find Creative Ideas for Elf of the Shelf. Let’s decorate the elf and make its day bright!
88. Make Wreath Cards from Last year’s Christmas Cards. This is a great way to upcycle and make unique Christmas ideas. Watch this YouTube video to learn how.
89. Decorate Staircases with Ribbons. This is a simple trick to make your house look more festive!
90. Make Orange Peel Poppuri. This is a simple and quick recipe that will make your house smell fragrant.
91. Make Christmas Cards. This is the perfect time to make your own Christmas card with all of your family members, friends, and even pets! There are so many fun ways to customize these cards. You can be crafty with paper supplies or use a digital template.
Decoration Christmas Bucket List
The decor is the major component of the holidays! Make sure you are ready to get decorating!
92. Decorate the Christmas Tree. This “to-do” should be treated with a little more emphasis. Plan an event around decorating the tree and sharing memories while hanging ornaments.
93. Create a Themed Christmas Tree. Star Wars fan? Barbie lover? Marvel fan? Sports diehard? Time to unleash all of your passion and decorate a themed Christmas tree in honor of your fervor. Find some ideas to jumpstart your creativity.
94. Hang Chrismas lights. Even better make your house look better than the National Lampoon’s Christmas Vacation. Order your lights here.
95. Upgrade Your Christmas House Lights to a Christmas Light Show. Thankfully, technology has greatly approved and you do not need to be an engineer to figure it out. You can pick up this up and quickly set your lights to music.
96. Pick a New Scent for the Holidays. Personally, I like peppermint.
97. Buy Cute Christmas Dish Towels. This is a simple decoration tip from the pros. With this simple purchase, it looks like your house has been staged for the Pinterest perfect Christmas dinner.
Shopping Place for Holiday Activity
Every bucket list has gifts on it, so time to get your shopping done!
98. Create your Christmas Budget List. While this may not be on the top of your list, this is a very important money management tip to master. Learn how to make a Christmas budget that works for you.
99. Shop for Christmas Gifts. This is a great time to find gifts for your friends and family. No need to rush, but shop early if possible! Amazon has a ton of gift ideas that are easy on the wallet too! Find a list of the best Christmas gifts under $10 for kids.
100. Purchase Christmas Flowers just for You! Buy some fresh flowers from your local flower shop and enjoy them for the holidays!
101. Wear Christmas socks. Hello, we all love cool socks! Make sure you pick up some new Christmas socks for your holiday collection.
102. Start A Collection. If you are looking for some easy gifts, start a collection that can be added year after year! A few examples include Christmas ornaments, books about Christmas traditions from around the world, and ornaments made out of candy canes.
103. Shop A Christmas Store. Find a Christmas Store; they are worth a visit if you want to get into the holiday spirit! They have everything from traditional nutcrackers to more unique items like Santa toilet paper holders. No matter what your interests are, these specialty stores have something for everyone.
104. Give Money Creatively. Did you know you could give money besides just writing a check? There are over 45 different money gift ideas for you.
Christmas Bucket List for Family Activities
Entertaining the kids is a must! Thankfully there are so many things to do.
Plus you can see the magic of the season through their eyes!
105. Write a Letter to Santa. This needs to be done in the first part of December in time to reach the North Pole.
106. Make Reindeer Food. Fruit and vegetables make a great snack for the reindeer, so it’s easy to do this activity with your kids. You can also experiment with adding different spices into the mix such as cinnamon or nutmeg.
107. Watch the Holiday Funny Movie Marathon. This is a fun way to spend a cold or hot day. Pick out some of your favorite hilarious movies and get cozy in front of the TV! Laugh til you drop!
108. Make Winter Slime. Yes, every kids LOVES slime and what is better than just slime… WINTER SLIME! Pick up Iceberg Frozen Winter Slime for your kid’s Christmas Party.
109. Host a Kid’s Christmas Party. This is something we have done every year is to host a kid’s Christmas party. It is a simple and festive way to share in the Christmas season. Provide some simple Christmas crafts, hot chocolate (with marshmallows of course), and easy snacks.
110. Sing Christmas Carols. This is a fun family activity that will make you feel festive!
111. Visit Santa. This is an old-fashioned tradition that never gets old. Visit Santa and find out if you have been naughty or nice!
112. Make Paper Snowflakes. This activity is a must for kids. Simple and easy to make. Plus they will get lost in the activity for hours! Find paper snowflake ideas.
113. Make Rudolph Pancakes. One easy way to make your Christmas bucket list more fun is by adding some creative and festive tasks to ordinary things like making pancakes.
114. Talk to Santa Claus. It’s hard to believe, but there are actually people who talk to Santa every year and make sure he has everything he needs for Christmas Eve. You can talk to him on the phone or online, and it’s a great way for your kids to get in touch with their inner child.
115. Go for a Christmas Scavenger Hunt. This is a great family activity that will have your kids having fun and learning at the same time. You can make it as easy or as hard for them to complete, depending on their age.
116. Make a Christmas wish list and check it twice. Have the kids pick out gifts they would like for themselves as well as give to others.
117. Have a Holiday Movie Night with your Friends and Family. Make some popcorn, grab your favorite movie, and cuddle up on the couch for an evening of laughter!
Holiday Bucket List to Help Others
You don’t have to be a millionaire philanthropist to help others in your community. You can make a difference by doing small things that will go unnoticed, but still, provide assistance for those who need it.
118. Participate in Random Acts of Kindness. This is a fun way to do something nice for someone else this Christmas. It’s also a great opportunity to practice your own “random acts of kindness” you want to give back in the new year.
119. Polar Plunge: A Fun and Festive Way to Help Others. Create a team of people who will pledge money for every degree the temperature drops below freezing! Make sure to follow through and take the polar plunge!
120. Donate to a Food Bank. Make a donation to your local food bank or homeless shelter in order to help those who are less fortunate during this time of year. This is a perfect way to help those in need in the wintertime and continue the tradition year round!
121. Be Someone’s Secret Santa. This is a fun and heartwarming tradition that works well for your whole family. It’s simple, too: just give out the names of people you would like to be Santa Claus for in December and tell them not to let the person know who you are.
122. Donate Toys. There are a ton of organizations that accept donations of toys or other items. Find the best charities to donate your old toys and help those in need this holiday season!
123. Make a Financial Contribution to a Nonprofit. Most nonprofits receive the majority of their financial donations in the last months of the year. Maybe see if you could make it a part of your biweekly budget and give more often.
124. Visit the Animal Shelter for a pet adoption event. It’s not just cats and dogs that need homes on Christmas Eve! Many of our furry friends are forgotten about this time of year. Stop by a local animal shelter.
125. Adopt a Family for Christmas. If you’re not into the whole Santa Claus thing, why not take it upon yourself to give back to the community? Adopt a family for Christmas by purchasing gifts, food, and necessities that they might not otherwise have. There are many families in need this time of year and it’s truly an act of love and kindness to give back in this way.
126. Give the gift of music. If you’re a musician or know someone who is, offer to play at a nursing home or assisted living facility on Christmas Eve. If you’re not a musician, sponsor the music of a local choir or orchestra.
127. Give the Gift of a Smile. Visit an elderly neighbor and say hi. Smile to the person behind you in line. It takes more muscles to frown than smile.
128. Pick a Tag from a Giving Tree. Many companies set up a tree with tags of people who are in need. Then, their employees can pick a tag and purchase the selected item.
129. Baking for Others: A Fun Way to Help Others. Bake for someone in your neighborhood and donate the ingredients to an organization that feeds people in need!
130. Pray for Peace and Happiness. Don’t stop praying during these hard times. Pray for peace, happiness and prosperity around the world.
Something Else for Holiday Bucket List Items
These are the ones that are still awesome ideas but don’t fit in the above categories!
131. Empty your Christmas Schedule. This is a great way to destress, especially if you have been stressing about your holiday season.
132. Start Dreaming About Your New Year’s Resolutions. This one is my favorite! I love rolling over to a new year with fresh dreams.
133. Grab your Yearly Planner before January 1st. Yes! Especially with supply chain issues, I recommend getting your yearly planner in advance. Here is the current yearly planner I use.
134. Create Your Own Advent Calendar. It’s easy to create your own advent calendar. Use a simple white board and some markers to create your own countdown to Christmas.
Christmas Bucket List for Couples
These are the top 10 ideas from above just for couples!
Ice Skating at Night
Kiss Under the Mistletoe
Go on a Sleigh Ride
Romantic Movie Night
Catch a Snowflake on Your Tongue
Enjoy A Fireside Cuddle
Leisurely Stroll on a Snowy Mountain Area
Escape for a Night Away
Volunteer Together
Dream About Your Future
Christmas Bucket List Template
Okay, we gave you TONS OF IDEAS!
There is absolutely no way you can accomplish them all in one Christmas season.
So, here is a template to use to pick your top 25 activities to complete.
If you’re like us then setting up the tree is something that you always look forward to. From decorating the tree, baking cookies, and watching movies under it with your family this Christmas is sure to be a magical time for all of us!
What are some tips for creating an ultimate Christmas bucket list?
There are a few things to keep in mind when creating your ultimate Christmas bucket list.
First, make sure that it includes experiences that you will really enjoy. This is not the time for obligation or duty–the list should be filled with activities that you and your loved ones will love doing together.
Second, try to include a variety of different types of activities, from traveling and vacationing to visiting new places and trying out new experiences.
And finally, don’t forget to add some classic holiday traditions as well!
KEY TIP… Plan Your Day Ahead: What are you going to do tomorrow?
How can you make your Christmas bucket list more meaningful?
When it comes to the holidays, many people want to do as much as they can.
The Christmas bucket list is often a great way to make sure that you’re able to check off all of the items on your wish list. But sometimes, we can become overwhelmed by all of the things that we want to do. This year, consider making your bucket list more meaningful by doing activities that will bring you happiness and joy.
Idea #1 – Be Happy
One way to make your Christmas bucket list more meaningful is by only including activities that truly make you happy.
For example, if decorating the tree or going shopping for presents isn’t really your thing, then don’t put them down as items that you have to do this year! Instead, focus on doing things like baking cookies with loved ones or taking a walk in the snow.
Idea #2 – Spend Time Together
Another way to make your holiday season more special is by spending time together over a fire. Whether you build one in your backyard or take advantage of one at a local park, this is a great opportunity for conversation and reflection.
Consider lighting the fireplace and reading a good book together–or having some deep conversations about what’s been going on in each other’s lives!
Idea #3 – Make an Advent Calendar
Making your own advent calendar is a fun way to get into the Christmas spirit. You can make it as simple or as complex as you want, but the key is to include activities that will get you excited for the holiday season.
For example, one day you might do an act of service for someone else, and on another day you might bake cookies!
Now, start brainstorming ideas with your family and friends.
Idea #4 – Get Prepared
Take time to figure out what kind of holiday experience you want, which helps narrow down the items on your bucket list.
Another way to make your Christmas bucket list more special is by preparing for Christmas Eve the night before. One great idea is to create a box filled with all of the things you’ll need for the following day. This could include pajamas, breakfast foods, and even some presents!
Use the printable to prioritize which activities your family would like to do during the holidays.
Idea #5 – Make it Personal
Finally, why not add a personal touch to your Christmas this year?
Make your list as personal and meaningful to you as possible by only including activities that are important.
Instead of using store-bought wreaths and ornaments, try making them yourself! There are endless possibilities when it comes to homemade decorations, so get creative and have some fun!
This isn’t the time to make your season harder – only what you want to do.
What are some things you can do to make your Christmas bucket list more exciting?
There are many ways to make your Christmas bucket list more exciting!
One way is to add a variety of activities, from festive traditions to outdoor adventures.
You can also mix up the type of activities so that you have something for everyone in the family. Additionally, you can make a point to do new things every year and keep your bucket list updated.
This will help ensure that you have an enjoyable and memorable Christmas season.
What are some tips for making your Christmas bucket list more fun for everyone?
One way to make your Christmas bucket list more fun for everyone is to try and do something that is meaningful and fun for everyone in your family.
This could be anything from spending time by the Christmas tree together, to doing random acts of kindness this holiday season!
A great tip would be to have everyone include their top three ideas that make the family Christmas bucket list.
All in all, you want to start Christmas traditions that the whole family looks forward to each and every year. This may be as simple as starting a new family tradition or making homemade gifts for your friends and neighbors.
Which Holiday Activities do you Need & Love?
So many ideas, right?
Your head may be spinning, but only put the holiday activities on your list that you want to do.
If you’re looking for something special to do this year, consider checking out one of the many Christmas productions around the country. From The Nutcracker to A Christmas Carol, there’s something for everyone.
And don’t forget about all of the amazing light displays – they’re definitely worth seeing!
It’s the most wonderful time of year, so you might as well make your family traditions more exciting by adding some creative tasks to what is normally a boring list of chores.
What are some of your favorite Christmas traditions? I’d love to hear about them!
For more inspiration, check out our Christmas Pinterest board.
Merry Christmas!
Also, it might be time to start thinking about what do I want for Christmas?
Know someone else that needs this, too? Then, please share!!
Before my husband and I got our financial act together, we didn’t have a household budget. Since we didn’t have and sort of plan, we spent all of our discretionary income on “wants” and financed anything that cost more money than we had. And the scariest part is that we never really thought much of it. Our income always lasted until the next payday, so we never worried about making ends meet.
But, after years of frivolous spending, we finally snapped out of it. Becoming pregnant with our second child made us start thinking seriously about our financial future, and the impending impact of another mouth to feed actually made us afraid. All of a sudden, we realized that we weren’t kids anymore. Our twenties were spent chasing adventures and spending cash like it was going out of style. And here we were, in our thirties now and on the verge of having two children to take care of. And although we were completely clueless how things had gotten so out of control, we decided that we had to take control of our financial destiny.
An Unfortunate Truth
We started by combing over several months of bank statements, and what we uncovered was almost unbelievable. We quickly realized that we were spending over $1000 per month on groceries for two adults and a baby. We were also going out to dinner a lot. The truth is, we were actually eating most of our expendable income. We aren’t fancy folks, but we do happen to enjoy some expensive meals and ingredients. And we weren’t enjoying them in moderation; we were eating like a king and queen on a daily basis, and our pocketbooks showed it.
We Took Action
After seeing our pathetic results in black and white, we sat down and created a household budget. Since our food budget was the main culprit of our spending, we decided to make drastic changes. After some number crunching, we agreed that we should be able to feed our family for about $500 per month. We also decided that all restaurant spending would have to come out of our grocery category. So if we decided to go out to dinner, that meant that we would have to spend less at the grocery store. I wasn’t particularly happy about it, but our new plan made us much more thoughtful about our food spending. And since we still wanted to eat out occasionally, we made room in our budget by eating cheap meals and using up all of the items we already had in our pantry. It worked.
Related >> Is It Possible That You Don’t Need an Emergency Fund?
We also cut out all other non-essentials. I’m pretty sure I cried when my husband called and cancelled our satellite television package. I was a hopeless reality television junkie, and I was convinced I would be miserable without all of my favorite shows. But life went on. And more importantly, we started saving a ton of money. Using the debt snowball method, we allocated all of our new-found cash toward the various debts that we had saddled ourselves with. And after 18 months of rapid debt repayment, only our mortgage was left standing.
Household Budgets Can and Do Work
I didn’t know it at the time, but creating and sticking to a household budget was probably the best thing we have ever done for ourselves. It wasn’t always easy. And quite truthfully, the process made us take a hard look at ourselves and our shortcomings. On the other hand, we’re now more confident in our choices and building wealth like never before. We’re also on the same pen and paper budget that we started with, and there’s a reason why we haven’t changed anything. It works.
Sticking to a household budget can feel cumbersome and restrictive. It might make you feel vulnerable or deprived. On the other hand, creating a budget can completely change your financial destiny. Have you ever tracked your spending and created a budget? Did it work? If you’ve tried and failed, there are a variety of reasons why your household budget might not be working.
Related >> Creating Objective Rules for Spending
Here are some possible explanations:
You’re underestimating your expenses. It can be difficult to estimate irregular expenses like utility bills. However, it’s important to be realistic about your estimated monthly costs. Overestimate your expenses if you have to. That way, you won’t always come up short.
You aren’t budgeting for everything. Are you forgetting to budget for gifts? Expenses for your children’s school? Did you forget your bi-annual car insurance bill? Make sure to think of everything that needs to be included in your monthly budget. Other expenses that are often overlooked can include home and auto maintenance and bills that are paid on an irregular basis. It’s more challenging to budget for these items, but it can be done. For example, if your car insurance needs to be paid every six months, you may want to budget 1/6 of your premium on a monthly basis.
You don’t have an emergency fund. Whenever unplanned expenses come up, an emergency fund can fill in the gaps without knocking your budget off track. It’s also important to only use your emergency fund for emergencies, and to not see it as an extension of your monthly budget.
Your expenses are too high. If your income is barely meeting your expenses, it is probably time to cut some things out. Do you really need the NFL Sunday Ticket? How about your smart phone? Is it necessary to get your nails professionally done? These are just an example of some of the expenses that can be cut out of your household budget if needed. It may hurt at first, but you will survive.
You aren’t keeping track of your spending. Certain budget categories can be trickier than others. Grocery spending, for instance, has a tendency to sneak up on me if I don’t track it closely. You can avoid going over budget by keeping an ongoing list of your spending in whatever category you find budget-busting. That way, you can check in at any time to see where you’re at.
You’re not saying “no” to yourself. If you are constantly spending more than you have budgeted, it might be time to take a serious look at your choices. If you want your budget to work, it’s crucial to learn to tell yourself “no.” Always telling yourself “yes” can guarantee budget failure.
Of course, not everyone needs a budget. For some reason, certain people can successfully execute their financial plans without writing them down. My parents, for instance, have always been the epitome of frugality and financial prudence despite the fact that they never really had a written budget. There’s definitely nothing wrong with forgoing a written budget if you really don’t need one.
However, many of us do need a written plan for the money we earn, and there’s no shame in admitting it. I’ve definitely learned that I’m hopeless without one. And if you’ve tried to household budget and failed, I have great news: it’s never too late to try again. Don’t be afraid to start from scratch. If you give your new budget a chance to work, you could quickly become a financial force to be reckoned with.
Do you have a budget? What system works best for you?
Credit Card Debt Relief: 6 Strategies – MintLife Blog
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$1 trillion in credit card debt, there must be a sustainable option to lessen the stress of carrying large debts month over month, year over year. Credit card debt relief is a way to not only get out of seemingly endless debt but also to perhaps bring about a little bit of mental—and ultimately, financial—peace.
Rather than just assuming you can entirely write your debt off with little impact otherwise, it’s important to know the various credit card debt relief options that are available and the different impacts each approach will have on your credit and financial health over the long term.
Keep reading to learn six credit card debt relief strategies, or use the links below to navigate the article.
How to Pursue Credit Card Debt Relief
Seeking credit card debt relief can be an ideal option for those experiencing hardship from life’s unexpected happenings, whether that’s medical bills, a sudden loss of income, or debt that has become excessively difficult to manage. Before deciding on a course of action, it’s important to know the differences between each approach.
Here are six strategies to consider for credit card debt relief:
1. Do-It-Yourself
Credit card debt relief may be able to be reached through a resolute commitment to aggressively paying down debts as quickly as possible. Do-it-yourself options to credit card debt relief require discipline and may not offer the degree of immediate debt relief desired.
If you have a particularly good credit score, you may be able to negotiate a lower interest rate on your cards through individual credit card companies to lessen the burden of debt.
While you’re not necessarily entitled to a lower interest rate, explaining your hardship and mentioning the length of time you’ve been with the credit card company could help secure a better deal, making debt repayment more manageable.
You might also consider taking a new approach to paying down debt by:
The debt snowball approach — paying off the credit card with the smallest interest rate first while making minimum payments on other debts.
The debt avalanche method, which allows for accelerated debt repayment as you put extra money towards the debt with the highest interest rate, while paying the minimum on all other outstanding debts.
The snowball method costs more but can boost confidence in being able to fully tackle paying off one card before moving onto the next.
2. Consolidation
Consolidating debt means combining all outstanding debts you owe to different lenders into a new loan.
Credit card consolidation, while not a method that outright eliminates debt, can be a strategy to help you pay down debt faster. With this option, you’ll only be making one payment a month instead of several— potentially making it easier to keep track of what you owe.
By taking out a low-interest rate loan through a lending institution, you may be able to pay off the majority, if not all, of your high-interest credit card debt.
Another option for consolidation is to do a balance transfer from a high-interest credit card to a credit card with a lower or no interest rate to lessen the burden of interest charges. It’s important to note that this option may come with a fee and doesn’t simply get rid of debt, but it could make the credit card debt relatively easier to pay down.
3. Credit Counseling
Seeking credit counseling, which is usually a free service provided through nonprofit organizations and independent financial agencies, may help lead you in the right direction to achieve credit card debt relief.
How it works
Trained counselors can guide you through repayment planning by reviewing your budget, analyzing your debt, and offering recommendations to help find a sustainable debt relief solution.
Counselors simply offer suggestions, making the service free unless you opt to use their help in pursuing a course of action, such as enrolling in a debt management program.
4. Debt Management Program
If you decide to sign up for a debt management program (DMP) through a credit counseling agency, you’ll make a single monthly payment to the agency, and the agency will in turn pay your creditors. With this option, you’ll likely be able to pay off your debts within three to five years, as outlined in your specific debt management plan.
Considerations
By enrolling in a debt management plan, you won’t be able to obtain new credit until your debts are paid off. In fact, the credit counseling agency will close your active credit accounts while you complete the plan.
Closing your credit card accounts could negatively impact your credit score in the short-term, but by making regular monthly payments (that you can actually afford), debt management programs may help you find credit card debt relief over time.
5. Debt Settlement
Debt settlement means negotiating with your creditors to pay less on your debt than the amount you actually owe. This agreement is typically arranged by a third party—a debt settlement company—that acts as an intermediary between you and your credit card companies.
How it works
In this scenario, you cease making payments directly to the credit card companies and instead pay the debt settlement company, which in turn offers a lump sum payment to appease the creditors.
Considerations
This avenue is typically a poor choice for credit card debt relief because as you stop making payments to your creditors, your credit score will not only deteriorate, but credit card companies can also come after you with penalty fees and even legal action for failing to make payments. There could also be tax implications if a large amount of debt is forgiven, because the IRS may consider cancelled or forgiven debt as taxable income.
6. Bankruptcy
Bankruptcy should be reserved as a last resort in extreme cases of credit card debt hardship, as it has serious implications on your credit score.
The two most common types of bankruptcy are:
Chapter 7 which forgives your debts on the condition that you liquidate some of your assets to pay creditors.
Chapter 13 in which you enter into a court-arranged debt repayment plan that lasts three to five years, after which your debts are dismissed.
Chapter 7 bankruptcy is the only true way to avoid paying your debts, as it essentially wipes out outstanding debt entirely and offers a clean slate. Creditors still receive some means of repayment, whether in assets or through the repayment plan, and bankruptcy can offer a way out of otherwise inescapable debt.
Effects of Credit Debt Relief on Your Credit
Depending on which approach you pursue to achieve credit card debt relief, effects on your credit could range from nonexistent to severe damage. Since credit utilization (the amount of outstanding balances you have compared to your credit limit) makes up 30 percent of your credit score, carrying high credit card debt month after month is likely to have a damaging effect on your score.
The self-managed approach to reducing debt may not necessarily hurt your credit, so long as you continue to make regular payments. Credit card consolidation may help you tackle debt faster, possibly leading to a better score in the long run. Credit counseling won’t have a direct impact on your credit unless you decide to act on the advice given, such as signing up for a debt management plan. Depending on the parameters of the specific debt management program you sign up for, DMPs could have either a positive or negative effect on your credit.
On the more extreme end, opting for debt settlement through a third-party has the potential to hurt your credit when you stop making regular payments to credit card companies. Similarly, filing for bankruptcy could critically weaken your creditworthiness and should only be a last resort option, as a Chapter 7 filing stays on your credit report for ten years, while a Chapter 13 will remain for seven years.
The Bottom Line
The best approach to credit card debt relief depends entirely on the individual level of hardship you have in paying back credit card debts. It’s essential to consider the different options to reducing the strain of credit card debt that will work for your lifestyle. Whether you opt to take the do-it-yourself route or find yourself filing for bankruptcy, taking a committed approach to minimizing your debt could lend itself to better financial health in the long run.
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There’s been a lot of talk about budgeting here at Get Rich Slowly. For instance, Kristin recently wrote about her adventures using the envelope system. I wrote about the reasons your budget might be failing. And, a variety of guest posters and staff writers have touched on the topic with articles like these:
How I kept to my budget and still have everything I want
Budgeting: The Most Important Thing You Can Do With Your Money
How to Build a Better Budget
When One Partner Won’t Budget
However, among the articles on budgeting systems and strategies, there has been very little written on using a zero-sum budget, which happens to be the budget that I use and love. So, I wanted to write about why I’m a zero-sum budget enthusiast, why I think they work so well, and how you can harness the power of the zero-sum budget for your own financial well-being.
Why Should You Use a Zero-Sum Budget?
In my opinion, a zero-sum budget is superior because it forces you to “spend” every dollar that you make. And, no, I don’t mean you should spend it on dinner at Outback or a weekly mani/pedi. Instead, you allocate all of your earnings into the different categories that your finances require. You don’t need an Excel spreadsheet or a complex software program to use a zero-sum budget. In fact, all you really need is a pen, paper, and the desire to begin budgeting for your benefit. So, how do you begin using a zero-sum budget?
Follow these simple steps:
Step 1: Determine how much you make Whether you’re paid hourly or salary, you need to figure out how much money you make on any given month. So, you need to ask yourself a few questions. For instance, “How many paydays fall within this month?” And, “How much will each paycheck be?” For salaried workers, this should be fairly easy. For those with a fluctuating income, it can be much more difficult. However, one of the easiest ways to make a zero-sum budget work for your family is to get all of your finances “one month ahead.” Easier said than done, I know. But, using that method, a fluctuating income won’t matter as much. Since you’re using this month’s income for next month’s bills, it will be much, much easier to plan.
Step 2: List your bills Once you determine how much money you’ll make this month, you need to figure out how much money you need to spend next month. Using pen and paper, write out all of your monthly bills, estimating bills that fluctuate, like utilities. You’ll also need to set a reasonable allowance for spending categories that you’re trying to keep under control (like groceries and gas). And, don’t forget about bills that are paid quarterly or seasonal expenses. The best way to make a zero-sum budget work is to include everything.
I’ll use a generic version of one of my old budgets as a real-life example:
Mortgage: $1,426
Electric: $200 (estimate)
Gas: $25 (estimate)
Groceries: $500
Daycare: $500
Internet: $35
Fuel/Miscellaneous: $200
Cell Phone: $55
Health Insurance: $377
Life insurance: $77.31 (paid quarterly)
Trash: $56.25 (paid quarterly)
Total: $3,451.56
Of course, everyone’s categories will be different. Obviously, you’ll need to include all of your bills including any debt payments that you make on a monthly basis. Make sure to list all of your bills (even the ones that you’re trying to forget!). Confronting them is the first step to making them disappear for good!
Step 3: Compare and contrast This is where it gets fun, I think, and why using a zero-sum budget can be life-changing for so many people. Once you see your monthly income and your monthly bills on paper, a clear picture of how much money is left over emerges. You might find that thousands of dollars are being spent on “wants” each month. And, you could use that knowledge to begin saving that money instead. Regardless, once you determine how much money is left over after you pay all of your required expenses, you can decide what to do with the rest.
If my husband and I earned a net income of $7,000 for the sample month, we would update our zero-sum budget to reflect the overage:
Mortgage: $1,426
Electric: $200 (estimate)
Gas: $25 (estimate)
Groceries: $500
Daycare: $500
Internet: $35
Fuel/Miscellaneous: $200
Cell Phone: $55
Health Insurance: $377
Life insurance: $77.31 (paid quarterly)
Trash: $56.25 (paid quarterly)
Short-term savings: $1,500
Long-term savings: $1,500
Vacation Fund: $548.44
Total: $7,000.00
But, what if nothing is left? If you’re spending every penny you earn, it’s probably time to reconsider that strategy. Start by making a list of things you could live without. Some possibilities include cable television, eating out, or excessive entertainment spending. And remember, everyone’s priorities will be different. Although I do just fine without cable television, I have no desire to feed my family on a bare-bones grocery budget. You may feel exactly the opposite. And, as J.D. so eloquently put it, you have to do what works for you, whatever that is.
Step 4: Spend all of your money on paper Once you determine your own excess cash flow, you can decide where that money will serve you best. For instance, if you’re still in debt, you can decide to pay X number of additional dollars toward those debts. Many people, including me, tackled their debts using the snowball method. Using this method, you focus on one debt at a time, paying over as much as you can until that debt is demolished. Then you can move on to the next.
Or, if you don’t have any debts to contend with, you can allocate all of your extra cash toward your savings or investments. Obviously, it doesn’t have to be all or nothing. You can choose to tackle your debts and continue saving at the same time. It’s up to you. However, the key is to go ahead and transfer the money you have allocated to savings right away. That way it doesn’t get squandered on those dinners at Outback, weekly mani/pedis, or anything else.
Step 5: Track your spending If you have a preset spending limit for your zero-sum budget categories, you’ll need to check in periodically throughout the month to “see where you’re at.” I’ve found this to be particularly helpful when it comes to grocery and miscellaneous spending. I have a tendency, in fact, to completely blow through my grocery budget if I don’t watch myself. ($8 organic oregano, anyone?) So, to combat my grocery spending weakness, I usually check my spending about once a week. And for the most part, when it’s gone, it’s gone. This often means that we’re eating freezer food and leftovers by the end of the month, which seriously annoys my kids. But, it works!
Step 6: Make adjustments Your zero-sum budget may be an epic failure for the first few months. And, that’s OK. You’ll probably need to make some adjustments to get it just right. Maybe you need to add a little buffer to your grocery category. Or, add some wiggle room to the entertainment portion of your budget. Whatever it is, making adjustments shouldn’t be seen as a failure. In fact, it’s just part of the budgeting process.
One More Thing
Unless you want to have a specific budget category just for emergencies, an emergency fund is a crucial part of using a zero-sum budget. Having an adequate emergency fund means that a surprise car repair or medical bill won’t knock your entire financial plan off track. And, whenever you have to tap into your emergency fund, it’s important to replace the funds you use. You can do this by budgeting to add to your emergency fund in the following month (or months) until it’s back to its former glory.
Have you ever used a zero-sum budget? If so, did it work? Also, please feel free to share your favorite budgeting strategies below.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Christmas is a time filled with joy and wonder. It’s the best season of the year to celebrate all that life has given us.
I wanted to share 93 things you can do on Christmas Day, from spending quality time with your family over a cozy fire in your fireplace or at an outdoor party, playing games around the house (even if it means taking turns), making food for others during holiday celebrations, going outside for walks during snowfall so we stay active and healthy this winter, and even taking a day off from work to do something relaxing.
Are you looking for a list of activities to do on Christmas Day that is fun?
Don’t worry, I got your back. Here is my list of over 90 ideas so you can spend the day with friends and family in style!
To be honest, this is my list of favorite things to do on Christmas Day.
If you need ideas, then start here…
What to do on Christmas day?
There are a variety of things you can do on Christmas day to make the most of the holiday.
You have to decide how you want to spend the day.
We will cover ideas with family, in the kitchen, with kids, at home, and just for you!
Quick Christmas Things to Do
You could help your loved ones decorate the yard with some inflatables– there are plenty of options available, from classic characters like Santa and snowmen to silly options like dinosaurs and unicorns.
If you’re feeling adventurous, you could even head out for a hike in the morning- nothing beats fresh air and stunning views in winter.
Once you’ve worked up an appetite, why not prepare a festive feast? There are plenty of recipes online that will let you show off your culinary skills. Or if cooking isn’t really your fancy, take advantage of convenient delivery services and enjoy Christmas dinner without having to lift a finger.
Once everyone’s bellies are full, it’s time for some fun (or a nap)!
Get the family together for some party Christmas games or put on a movie marathon. Whatever you choose to do, make sure to savor every moment spent with your loved ones- after all, Christmas only comes once a year!
What are some traditions people have on Christmas day?
There are many different family Christmas traditions that people partake in.
Some common traditions include:
Counting down to Christmas
Doing crafts on December 25th
Exchanging gifts.
These traditions are often passed down from generation to generation and are a lot of fun for both children and adults.
Another popular tradition is saying “Merry Christmas” to one another. This usually happens when family members gather together to celebrate the holiday.
Families come from all over to spend time with each other on Christmas day, and the joyous atmosphere is something that can’t be replicated any other time of year.
What do people typically eat on Christmas day?
Christmas is a time when many people come together to celebrate. While the exact traditions may vary, there are some acts that remain the same. For example, many people will eat turkey, mashed potatoes, and cookies on Christmas day (source).
If you’re looking to give back to your local community this Christmas, consider donating to your local food bank. Many food banks are able to help those in need during the holiday season and beyond.
Things to Do on Christmas Day with Family
Every year in December, the holiday season brings a rush of family time.
Christmas is a day that you can spend with your family, and there are plenty of things for the whole family to enjoy on this special day.
Here are some activities to enjoy with your loved ones on Christmas Day that you might not have thought about:
1. Spend time with family and friends. This is probably the best part of Christmas day! Enjoying good company is what makes this holiday special.
2. Karaoke Time. If you have a talent (or not) for singing, take turns with your family and friends by caroling the Christmas classics..
3. Watch Christmas Movies. Pick one of the many Christmas-themed movies that are on TV or streaming online to get into the spirit of Christmas. Watch classic holiday films like “It’s a Wonderful Life” or “A Christmas Story.”
4. Game Night. There are a lot of fun and interactive ways to keep you entertained this holiday season, including board games and card games! Start a family competition with bragging rights for the whole year!
5. Eat Christmas Snacks. What is Christmas without the traditional treats? Enjoy some of your favorite holiday foods, like cookies and candy canes.
6. Christmas crafts. There are a lot of fun DIY projects you could do this year to celebrate the holiday season, like making decorations or ornaments.
7. Host a Christmas party. If you’re hosting a Christmas party this year, make sure to get into the spirit of the holiday event by decorating your house and putting up a Christmas tree!
8. Refine Your Christmas traditions. There are some fun family traditions you can do this year, like baking cookies or watching classic holiday movies. Pick a handful of activities you want to do each year.
9. Prepare Christmas dinner. The Christmas meal is a big part of the holiday tradition, and there are lots of different foods you can make for your family this year — from ham and turkey to yummy desserts!
10. Make cookies. If you want to make Christmas cookies, now is the time to start thinking about what kind of treats you’d like to make. You can use a recipe, or you can make up your own recipe.
11. Video Chat with Your Family. Time to say hello to your family that you don’t get to see in person. Get on Zoom, Whatsapp, or Facetime with your family, even if they’re not in the same country.
12. Have a Family Meeting. What are some matters you can do as a family to help you focus on the true meaning of Christmas? Write them down and discuss how you can incorporate these into your holiday.
13. Puzzle. At my aunt’s house, there was always a puzzle on the table. Family members would stop and put a puzzle piece together while chatting and laughing.
14. Stream the Nutcracker Performance. Do you have a favorite performance of The Nutcracker? Be sure to watch it on Christmas day, even if it’s just for an hour or so.
15. Make Gingerbread Cookies. If you want to do something really special for someone, try making gingerbread cookies! Bake up a batch of gingerbread cookies with your family.
16. Craft a Gingerbread House. Cut out gingerbread men, stars, and snowflakes from construction paper or cardstock, then use them to decorate a gingerbread house. You don’t have to use the traditional kit with frosting.
17. Listen to Christmas Music. There’s nothing like listening to some holiday music while you’re baking cookies or hanging out with family and friends on Christmas Day.
18. Play the Game “Secret Santa.” If you’re hosting a holiday party this year, why not play the game “Secret Santa”? Everyone brings an inexpensive gift to the party, and then one person is chosen to be Secret Santa. Everyone draws a number, and the person with #1 picks out a gift from Secret Santa’s pile to open. Then everyone else has to figure out who their Secret Santa is by guessing which person brought them their gift.
19. Ugly Sweater Contest. You might even want to combine it with a white elephant gift exchange!
20. Christmas Scavenger Hunt Game. This is a fun activity for the whole family. Have each person do some research about Christmas traditions from around the world, and then come up with an item to bring back that symbolizes one of those countries. Or press the easy button and pick a ready-to-go Christmas scavenger hunt game.
More Things to Do on Christmas Day at Home
Christmas is a time for family get-togethers and relaxing with loved ones. Whether you celebrate Christmas or not, it’s still a fun day to have some activities that are holiday-oriented.
As the saying goes, “The home is where the heart is.” Here is a list of more fun things to do on Christmas Day at home.
21. Read a Christmas book. Pick up JK Rowling’s latest, The Christmas Pig.
22. Write Letters to Open on Milestone Christmases. Write a letter to your future self on Christmas day, putting any sort of advice you give to yourself as well as predictions you have. Pick milestone years. For example, when you celebrate Christmas with your baby, when your kids leave for college, or even the first Christmas without a parent.
23. Create a “Christmas Bucket List.” What are some undertakings that you want to experience in your life? Create lists for everything. For example, family trips in which everyone gets to pick the destination, a Christmas wedding, or even watching your children give their first speech.
24. Eat Christmas Cookies. Bake some sugar cookies and spread a bunch of frosting over them to make them look like Christmas trees.
25. Christmas Movie Marathon. Watch all of the Christmas movies!
26. Listen to Christmas songs. You could listen to some of your favorite Christmas songs while hanging out with friends and family. you’re decorating the tree or wrapping presents.
27. Shop Online for What You Didn’t Get. Buying a gift for your future self is a bit of an existential dilemma: what do you want to have? Truly people didn’t listen to what do I want from Christmas.
28. Send Christmas cards. If you’re going to be sending out Christmas cards this year, now is the time to start thinking about who you want to send them to! Better late than never!
29. Host a Party. Plan an open house for Christmas, and invite friends and neighbors to enjoy food, games, and gifts together.
30. Book Reservations. Those experience gift ideas need to be booked and put on the calendar.
Things to Do on Christmas Day In the Kitchen & Food to Eat
As Christmas Day approaches, now is a great time of the year to start planning what you plan to eat, make and bake in the kitchen. Whether you like cooking or not, there is something for everyone on this list from the kitchen to the backyard.
The Christmas season is a time to celebrate with family and friends. And food brings people together.
So, here are some fun activities you can bake on Christmas Day:
31. Make Christmas Star Bread. This is one of the traditions in our house. Please note, that you need to start this a day in advance. Here is our favorite Christmas star bread recipe.
32. Christmas Morning Brunch. This is a Sunday tradition in our house, but for Christmas, we have the favorite egg casserole prepared in advance for no work needed during opening gift time! Always cooked and ready to be enjoyed once everyone is done opening presents.
33. Bake and Decorate Christmas Cookies. My friend, Haley, over at If You Give a Blonde a Kitchen, always has great cookie ideas. And they are delicious!!
34. Cook a Fancy Meal. Let’s be honest… You more than likely don’t have the extra time to spend time in the kitchen and try a new recipe you have been wanting to try! Christmas is the perfect day to spend time cooking to your heart’s content.
35. Plan a Themed Christmas Dinner. Say bye-bye to classic turkey, ham, and beef! Each year choose a new theme for dinner. Here are some of our favorite themed ideas: Italian, Mexican, Indian, Chinese, Mediterranean, or Costa Rican Casado. Even football favorite appetizers! Every seven years there is guaranteed to be football on.
36. Mix a Christmas Cocktail. Enjoy being by a nice fire and enjoy watching the snowflakes fall. It sounds perfect, right?
37. S’mores by the Fire. Who says, campfires and summer are the only time for smores. Grab the sweet supplies, jackets, and blankets, and nestle around a firepit.
38. Serve Cake for Dinner. Serve your family a big slice of cake for dinner instead of turkey or ham. Can you see their faces of amazement!?!?
39. Make a Christmas Tree Out of Fruit and Vegetables. This is a fun activity for kids of all ages.
40. Cook Frozen Pizza. This doesn’t happen often, but it is always well received by my crowd. Pizza for the win!
Things to Do on Christmas Day with Kids
Christmas Day is a time for family, and often children are the ones who make it so memorable.
To help you find something fun to do with your children on Christmas day we have compiled an extensive list of activities that you and the kids can do together.
41. Open Christmas Gifts. Yes, this is what kids look forward to the most each Christmas. In fact, here are $10 gifts approved by my own kids.
42. Play in the snow. Throw a snowball, build a snowman, or make snow angels. Kids NEED to get outside and burn off their energy.
43. Play hide-n-seek outside. No snow? Don’t worry. Start a game of hide-n-seek outside. The last one to be found picks the next activity.
44. Candy Cane Hunt. First of all, you need a lot of candy canes and some good hiding places. Make sure you count all of the candy canes before to make sure you find them all!
45. Make Christmas Tree Ornaments. This project is perfect for the kids in your life! I love how easy they are to make and that they can be decorated however you choose.
46. Decorate Windows with Paper Snowflakes. This is one of the best activities for kids to improve their motor skills. How many can you make? And what size snowflakes? This is a great project for kids! They can make them any size they want and hang them on the tree or around the house.
47. Visit Local Attractions. Every city may have something cool on Christmas Day that is open. Check out Living on the Cheap for your closest city for local attractions.
48. Art4Kidz Hub. Seriously, they have some of the best videos on how to draw! Hours of entertainment. Plus their artwork can turn into thank you cards!
49. Make Kid Christmas crafts. This is a fun way to do something different from presents. Spend quality time making various crafts. Just make sure to buy the craft supplies in advance!
50. Play kid-approved board games. Time for a family game night or afternoon. Invite friends and family over for a game of Uno, Connect Four, or Apples to Apples! Even Scrabble or Monopoly- so many fun options!
List of Crafty Things to Do on Christmas Day
Christmas is one of the most exciting and fun holidays to be a part of. But everyone loves it when they get something in return for all their hard work, right?
So, spend the day doing the craft projects you always want to do!
Here are some great ways to give your friends and family something special.
51. Photo Book. Photo Books are a great way to preserve memories for special occasions. Plus, they can be shared with other people so everyone is able to see the good times! You can create a printable photo book or a digital photo book.
52. Make Christmas Ornaments. Christmas is the best time of year to wear new ornaments! You can make some really fun and unique ornaments using recycled materials, like bottle caps.
53. Make Christmas Headbands. These are so adorable for little kids and adults alike! They can be made in any colors you choose.
54. Decorate Homemade Gift Bags. Gift bags are a great way to personalize your gifts and make them look extra special!
55. Make A Holiday Recipe Book. Create a recipe book for all of your holiday dinner favorites. You can include the recipes for stuffing, mashed potatoes, green beans, and any other dishes that you love to cook during the holidays. Here is the digital recipe book organizer I use.
56. Create a Card Christmas Tree. Arrange photos and Christmas cards to make a Christmas tree on the wall. Even wrapping paper can be reused to “build” your tree.
57. Make New Year’s Cards. Seriously, it is SO stressful trying to get Christmas cards out in advance. So, let’s start sending New Year’s cards instead.
58. Make a Christmas Tree skirt. This one has been on my list forever. So, I decided to dedicate time on Christmas to finally complete my project.
59. Put Together A Memory Box. This is easy, but thoughtful idea that you can give as a gift to your family. You can fill the box with photos, recipes, and other special items that you have collected over time.
60. Make Salt Dough Ornaments. This is a fun and easy project. I love how they look on the tree, too!
Outdoor City Attractions to Do on Christmas Day
Open the door and enjoy the weather. Whether you go for a walk, play in the snow, or go for a drive, getting some fresh air is always a good idea.
On Christmas Day, many attractions and businesses are closed. So, opt for open parks and space for your wintery fun!
You can even pair the outing with these National Park gifts.
Snow is here, but it doesn’t have to be all about snow. Take advantage of the winter weather and get outside for some fun activities!
61. Run a Christmas 5k. Running has become a prominent form of health and fitness activity in recent years. Have fun during a fast-paced run (or walk) by taking on a Christmas 5k. Challenge your friends and family to join you!
62. Take an ice-skating lesson. If you’ve never tried ice skating before, this is a great way to dip your toes in.
63. Go sledding! You may not have the equipment for traditional snow tubing, but taking a trip down a hill is just as much fun.
64. Go ice fishing! If you don’t want to go too far, make your own pond in the backyard.
65. Play in the snow. This can lead to hours of fun! Don’t dread the snow because you have to shovel it. Think of ways to build a snow fort, throw snowballs or just play around.
66. Play tennis, golf, or pickleball. Not every year will there be snow on the ground. On those sunny days, pick up your racket or golf clubs and get a game or two in.
67. Go cross-country skiing. Time to get some exercise and burn calories. Cross-country skiing is a great way to get outside and hit your fitness goals.
68. Watch a movie in the snow. How fun does that sound? Thanks to technology you can snuggle up while watching a Christmas classic. Make sure to buy a projector ahead of time!
69. Ride roller coasters. Sounds thrilling, right?!?! But check to see if they are open first.
70. Drive Around to See Christmas Lights. A simple and classic activity to do on Christmas day. Go around and find the best light display!
Things to Do on Christmas Day to Refresh Your Soul
Do you often get bored of the same old ideas on Christmas Day? The answer to that question is probably a resounding “yes” if your answer has been anything like mine.
Here is a compiled list of relaxing Christmas Day activities for people who are looking to enjoy their day while rejuvenating their souls.
71. Relax and take it easy. There’s no need to stress out about anything – just relax and enjoy yourself!
72. Enjoy a LuxuriousHotBath. Time to destress from the hustle and bustle of the season. Grab some must-have bath essentials to make your experience more spa-like.
73. Treat Yourself. What is one intention you’ve always wanted to do? Buy it for yourself or give yourself the gift of time and allow yourself to enjoy that experience.
74. Escape on a Christmas Vacation. Do you always want to try something new for Christmas? Let’s make this year the best one yet and plan that special Christmas trip!
75. Take a walk in nature. Enjoy the sun and soak up some Vitamin D!
76. At Home Manicure/Pedicure Experience. While it’s not the same as being pampered in the salon, there are many at-home manicure and pedicure sets, that you can use all year round.
77. Personalized Playlist. Spend time finding new songs that revitalize your mind.
78. Stay in Christmas Pajamas. Even better plan matching PJs for the whole family!
79. Spend time cuddling on the couch. A dream come true for a busy mom or dad!
80. Make a List. Make a list of activities to do or places to go that are not centered around Christmas. Focus on items that you are grateful or blessed to have in your life. This will help you avoid the “Xmas” overload and keep you focused on what is really important.
81. Attend a Christmas Eve Service. What is one church in your area that you’ve never visited? Take the opportunity to attend a service on Christmas Eve.
Ways to Show Generosity on Christmas
Giving is always better than receiving.
Christmas is a time of giving, but it can be difficult to know how much you should give.
This doesn’t mean that Christmas has to be all about presents or expensive gifts for your loved ones, but you can still show your gratitude with small acts of kindness. Here are some ways to do that:
82. Volunteer at a Homeless Shelter. This is a great way to serve and be appreciative of what you have been blessed with. Find your nearest homeless shelter and volunteer to serve a meal, or help set up cots for a cold night. Maybe set fundraising parties to help gather monetary donations.
83. Take a Meal to Someone. Many people don’t want to cook on Christmas because they are by themselves or unable to spend hours in the kitchen anymore. Bless them with a cooked meal and your decorated Christmas cookies.
84. Write Thank You Notes. We all know this needs to be done. So, practice writing thank-yous before you start playing and using the gift you received.
85. St. Nick’s Giveaway Day. St Nicholas was known for giving out toys to all the children. Pay it forward by passing along toys, clothes, or other furnishings you don’t need anymore.
86. Be a Santa. Adopt a family for Christmas and provide gifts, food, or other items that they would enjoy.
87. Random Acts of Kindness. Write a list of ways you can bless people with random acts of kindness. Small actions go a long way toward making someone’s day, especially around the holidays.
88. Serve Others. Visit a nursing home or assisted living facility. Bring them cookies, sing Christmas carols with them, read to them and spend time with people who may not have the opportunity to see you on another day.
89. Pray for Others. What is one way to pray on this day that would make someone else’s life better?
Things to Do on Christmas Day for Adults
Christmas is an exciting time of the year, but it can also be a very stressful holiday due to work and family commitments.
There are many different activities that adults can enjoy on Christmas day.
90. Cook a Traditional Meal. One popular option is cooking a traditional Christmas meal. This can be a great way to learn about other cultures and traditions.
91. Ice Skating. There is no shortage of places to go ice skating on Christmas Day.
92. Ugly Sweater Time. Wearing an ugly sweater is always a festive tradition, and it can be especially fun on Christmas Day when everyone else is dressed up too. Just make sure you’re prepared for people to make fun of your outfit!
93. Be Alone. Some people prefer to spend Christmas day alone, either because they don’t have any family nearby or because they simply want some time to themselves. There are plenty of activities that can be done by oneself without requiring any specific skills or knowledge. For example, reading a good book, watching a movie, or taking a walk in the park are all enjoyable ways to spend the day.
Honestly, as an adult, you can choose any of the above activities that would be a perfect way to celebrate Christmas day.
What are some unique or interesting ways to celebrate Christmas day?
There are many unique ways to celebrate Christmas.
Honestly, it comes down to your preferred traditions. This is something you will find over the years about how you want to spend the day.
One popular way is to place an elf in your child’s bedroom to monitor their behavior! Another fun tradition is singing carols or skating on the ice. If you’re looking for something a bit more unique, consider driving down a festive pathway or reconnecting with old friends over dinner.
No matter how you choose to celebrate, make sure to enjoy yourself and have some fun!
More tips for making the most of Christmas day
Christmas is a time for family, friends, and fun.
Christmas day can be a lot of fun, but it’s important to make the most of it!
The best tips for making the most of Christmas day include spending time with your family and having a good time.
Here are some important tips to keep in mind when celebrating.
Tip #1 – Watch for Stressors
Make sure to take a break from the “seasonal grind” and forget to enjoy the holidays yourself.
Before Christmas day arrives, make a list of the stressors you tend to experience on this joyous holiday. Make a conscious decision to avoid the stressors as much as possible. If you cannot completely avoid one of them, then limit your time and plan for decompress time afterward.
Tip #2 – Spend Quality Time with Family
Christmas is a time of celebration and family gatherings.
However, you must make sure you are spending quality time with your loved ones can make the holiday much more enjoyable.
This may be easy or difficult depending on your family situation. Yes, spending time with your family and friends during the holidays is important- especially for kids! Just make sure you can look back and enjoy the day.
Tip #3 – Get Outdoors
On Christmas Day, go outside and enjoy all the fitness opportunities that a cold day has to offer.
Many people stay inside their buildings and homes for the holidays, but outdoor time is actually beneficial. The colder the weather, the better, because when your body is cold even a small outing helps release some of the heat that has been gathering in your body.
Getting outside will help you stay away from any possible triggers, too!
Tip #4 – Spend Less Money
It’s Christmas, the most wonderful time of the year.
Christmas is often a heavy financial burden for many individuals who are required to buy gifts and arrange an evening meal for loved ones.
All the extra expense can sap people of the energy and life they relish in the rest of the year, hence leading to depression which leads to a number of other health complications.
So, plan your Christmas budget ahead of time, so you can walk away happy.
Tip #5 – Remember the True Reason for Christmas
Christmas Day is one day of the year that is meant to be enjoyed and celebrated.
Yet, we tend to forget the true reason for the season – the birth of Jesus Christ.
While we are called to celebrate in community, keep the real reason at the center of your get-togethers with family and friends, and enjoy some of the traditional festivities.
What activities are open on Christmas day?
First of all, before you go, check online or call to see if the business is open.
Typically, you can find convenience stores, gas stations, movie theaters, and some restaurants open on Christmas.
Also, many local attractions may be open as they are focused on the activities they can provide.
Just be prepared for possible long wait times and always be sure to tip well.
Best Holiday Memories for the Season
Ultimately, those are the fun things to do on Christmas day are activities to experience.
Christmas is a time of joys and festivities, giving gifts to friends and family, and decorating your home with Christmas lights or greenery. But the best day always comes when it’s over!
Just remember…
Have Fun!
Remember that Christmas is a time to enjoy and celebrate the birth of Jesus Christ. It is not just about shopping, eating, and being with family.
Relax! Take a break from your hectic schedule and enjoy the priceless gifts you have been given.
Find More: 101 Fun Things To Do With No Money
Know someone else that needs this, too? Then, please share!!
These days, my monthly budget is on the boring side. Aside from our regular spending, I’ve got a mortgage payment to fork over, groceries to buy, and utility bills to pay. Throw in some payments to my kids’ 529 plans and my SEP-IRA and I’m basically done for the month. After all of the bills are paid, the key for us is making sure that the rest gets transferred into savings so that it doesn’t accidentally get spent.
But it wasn’t always this way, and I was reminded of that fact the other day when I was flipping through one of my old notebooks. That’s when I found our monthly zero-sum budget for August of 2010, and that’s when our old lifestyle smacked me right in the face. Want to know how many bills I paid in that month? Twenty-four.
Car payments, credit card bills, and personal loans, oh my. It’s no wonder we weren’t saving anything. Fortunately, it was easy to look at that old monthly budget and pinpoint the exact cause of our unfortunate situation. The problem: We financed everything and never, ever paid cash.
Low Monthly Payments for Life
Fact: You can have nearly anything you want.
I can too. We all can. Cars. Clothes. Diamonds. Trips to Hawaii. Almost any earthly possession you’ve ever laid your eyes on can be yours.
Well, kind of.
If you’re willing to make monthly payments for as long as it takes, whether it’s five years, ten, or twenty, then it can be yours. Does that sound tempting? Probably not.
But that’s exactly what we do. In the fourth quarter of 2013, U.S household debt swelled to a monstrous $11.52 trillion. Of course, some of the money was borrowed to purchase homes, pay for college, or start a business. A certain percentage can also be blamed on things like medical bills, unemployment, and emergencies. But the rest? My guess is boats, iPads, and designer shoes. Oh, and let’s not forget furniture, date nights, and family dinners at the Olive Garden. The rest is anyone’s guess.
Stop the Cycle
We all know how easy it is to trade your car in for another. You walk into the dealership, they look your trade over, and you pick out another, nicer car. Your new car payment could even be the same as it was before. Hell, it might even go down. But are you really doing yourself a favor by trading up without the cash in hand? The answer is probably no.
I’ve been there. My husband and I traded cars around more times than I could count, mostly just because we would. Looking back, I think we were just bored. And sadly, we weren’t able to see that there were real costs associated with constantly trading up. We only focused on the monthly payment, and never had the goal of actually paying them off.
Fortunately, we finally made the decision to change our lifestyle sometime around the time that that budget was made. And once we stopped the madness, we made one huge change that put an end to the cycle once and for all. We began paying cash for anything and everything, and we refused to add to the pile by financing things we couldn’t afford.
Turning an Awkward Moment Into a Learning Experience
In the meantime, we got serious about getting out of debt. Fortunately, it didn’t take long to knock out everything but the two biggest sums we owed — the loan for my minivan and my husband’s student loans. I still remember the day we paid both of them off once and for all. The total was well over $10,000 and it literally pained me to hit the keys that would initiate the automatic bank transfer. I mean, it hurt. That money was mine and was earned with my own blood, sweat, and tears. And if you subscribe to the theories espoused in books like Your Money or Your Life, that money was literally my life force, and it was getting sucked away by a stupid van that I overpaid for in the first place.
I still have that van. Want to know why? Because it’s paid off, as is everything else I own. And now I’m literally gonna drive that van until the wheels fall off, or until the engine finally gives up or explodes out of sheer exhaustion at maybe 500,000 miles. (A girl can dream, right?)
I learned something from our adventures in debt and from that final $10,000 payment — most notably that I never, ever want to go down that road again. Parting with that much money at once was painful. It burned.It made me uncomfortable. And now, years later, I’m convinced that that’s exactly how it should feel.
Pay Cash and Feel the Burn
Since then, we’ve paid for everything with cash including a car for my husband, furniture, home remodeling projects, and more. And even though it has sometimes been painful, our refusal to finance anything has been a game-changer for our financial future. Here’s why:
Paying in cash forces you to consider the real purchase price – No matter what you’re buying, the fact that you’re paying in cash turns it into an entirely different experience. That’s because you have no choice but to consider how much money you’re paying overall, and not just what you’ll have to pay on a monthly or yearly basis.
Paying in cash might help you spend less – When you force yourself to pay in cash, big ticket items start to lose their appeal. Try walking into a dealership with the intention of paying $15,000 or $20,000 for a newer car. All of a sudden, the prospect of keeping your old paid-off junker becomes an incredibly attractive option. Am I wrong?
Paying in cash keeps you out of debt – The best thing about refusing to finance things is that it keeps you out of debt in the first place. We all know what a slippery slope that can be. There are so many benefits to being debt-free, including the option to save more of your income, less stress, and of course, the feeling of not really being beholden to anyone. It’s a freeing feeling, and it’s one that I will never, ever surrender without a fight.
If you’re in debt and are ready to make a change, start by creating a debt snowball. Conquer each one of your debts one by one by one, and refuse to give up until you’re finally debt-free. Adopt the mindset that if you can’t afford to pay cash for something, then you can’t afford it. Period. Only then will you free yourself from the chains that bind you. Only then will experience the feeling of owing nothing to anyone and the unexplainable sense of freedom that comes with it.
Once you’ve done what you set out to do, force yourself onto a cash-only diet. Cut up your credit cards if you have to — and learn to pay for everything with the cash you’ve stashed away in your own accounts, not with other people’s money. Know that it may make you feel uncomfortable, and rest assured that it’s supposed to. Paying cash hurts, and it should hurt.
That burn you feel? It’s simply the price you pay for your freedom, and it’s totally worth it. How do you feel about paying cash? Is it painful? Do you think it should be?
Roughly 41 million borrowers will have a few more months to enjoy an interest accruing-free repayment pause on their student loans, even while U.S. inflation is at a 40-year high. While federal student loan borrowers may be worried about what to do when repayment resumes, personal finance experts are concerned about what you do now with your … [Read more…]