How to Plan for Christmas

Christmas was as a single mom, for me, the hardest holiday emotionally and financially. I would literally go out and spend all this money on my credit card for Christmas. And then the next Christmas would come and I was still paying off my credit card from the Christmas before. That's why it occurred to me: This is the one holiday a year that constantly over and over puts me into debt. Let's take care of it responsibly. We call them sinking funds. It's saving a little bit from each paycheck for a planned event or purchase in the future.