9 Things to Add to Your November Budget
Traveling. Eating. Shopping. More eating. Let the holidays begin!
November kicks off the season of celebration—and spending! Plan how you’ll spend your money now, so by the time Thanksgiving rolls around, you only need to worry about whether or not to eat a second helping of pumpkin pie. We’re here to help you prepare! Check out these nine budget items to be ready for in November.
1. Christmas savings. This is the last month before Christmas! Work in one more month of savings so you can be in gift-buying bliss over the next few weeks.
2. Cookware. Whether you’re hosting a turkey feast or bringing mashed potatoes to a potluck, you’ll need pots, pans and casserole dishes. If you’re in the market for new cookware, November is a great time to buy! According to Kiplinger, cookware discounts can be as high as 80% this month.¹
3. Thanksgiving meals. To get Aunt Ida’s green bean casserole recipe just right, you’ll probably add some unusual ingredients to your normal grocery run. Adjust your food budget to account for any special recipes you’ll make this Thanksgiving. And if you’re hosting family or traveling for the extended weekend, don’t forget to increase the budget for meals and restaurant visits.
4. Holiday travel. Plane tickets and hotel accommodations aren’t the only travel costs to account for this time of year. You’ll also need to plan for pet boarding, snacks at the airport, cab rides, parking garage fees and tips! And if you’re driving to your destination, you’ll need a higher gas budget. Check out some of our favorite holiday budget travel tips here.
5. Black Friday and Cyber Monday shopping. In 2016, Black Friday shoppers spent an average of $289, according to the National Retail Federation.² Retailers will mark down prices on technology, designer brands, apparel and more in preparation for post-Thanksgiving-dinner shoppers. If you need an appliance upgrade or a few Christmas gifts to knock off your list, then get your budget ready!
6. Holiday décor. Whether you bring holiday cheer to your home with a pretty tablescape for Thanksgiving or with Christmas lights fit for the North Pole, make room in the budget for decorations—and a potentially higher electric bill.
7. Winter clothing. Watch for sales this month on coats, gloves, boots and other cold-weather clothes. Now is the perfect time to make sure you have warm clothes for the season if you don’t have them already!
8. Christmas cards. Cards are a fun way to send season’s greetings to your family and friends. If you haven’t taken a family photo and started making a card, now is the time! Don’t forget to budget for stamps!
9. Giving. From food drives to toy donations, the holiday season brings several opportunities to give to those in need. Put aside a few extra dollars to make someone’s season merry and bright. It is called Thanksgiving, after all.
Now that your budget is ready, you can enjoy the holidays without worrying about overspending. And definitely eat that second helping of pie!
Creating your November budget can be as easy as (pumpkin) pie with a free EveryDollar account!