Special Occasion Spending is something I budget for through the year so my #OccasionalSpending is always accounted for in my spending.
There are certain special occasions throughout the year that I know are going to cost me money – family Birthdays and Christmas are the main ones that spring to mind when I think about it.
This year for example, I’m pretty sure that Miss Frugal is going to want to go out for a meal on her Birthday with a few of her friends as she’s been to a few Birthday meals recently and I know she wants the same. I’ve got no problem with this but I do know in my head how much I need to budget for this meal out and I’ve been putting aside a little each month. I don’t miss a little bit each month but I will miss a chunk of money if I had to pay for it all at once, especially as we go on holiday not long after her Birthday.
Christmas is another example where I know I’m going to spend more money that I can afford to come out of one month’s wage (January payday is always a long way away after December’s early pay). Rather than go into debt or have to do without at Christmas, I save throughout the year.
I’m not the best at saving cash for Christmas though as I’m always tempted to dip in so I often buy a gift voucher when I’m doing my shopping as our local supermarket sells them right near the till. I know I’ll be buying some things for Miss Frugal from Boots and that I can get most things that will be on heir wishlists from Amazon so I buy a £10 or £15 gift card every fortnight to top up the cash savings that I do manage to get saved.
I also buy things through the year in various sales that I see if I think one of the kids will enjoy and actually, I often buy things in the sales to pop in my present bag which always used to be filled with presents that the kids can use for friends Birthdays. It’s not used so much now as the Birthday parties have become less frequent these days now that they’re in secondary school but there’s still a few goodies in there that I picked up in the sales for next to nothing.
Do you prepare for your Special Occasion Spending by saving a little bit each month of buying in the sales?
In a recent survey of 1000 people by SwiftMoney.com, 52% of women said they always or occasionally save money for special occasions whereas a massive 63% of men said they rarely or never saved like this. I’m not wanting to be sexist here but I bet that a good chunk of that 63% never save money for special occasions because they have a partner that does it all for them. 😉
One fact that doesn’t surprise me from the survey results was that a whopping 68% of people felt that there was pressure but on them by society to spend more on calendar events that they wanted to. I totally get this and hate the way that companies have commericalised some of our lovely special occasions by starting to promote their products way, way in advance and advertising all the goodies you can buy so far in advance that by the time the special occasions rolls around, you’re pretty much over it! That’s a whole other post though….
Don’t miss out on future posts like this – receive updates directly to your inbox by email by adding your email address here and hitting subscribe. You can also follow me on Twitter, BlogLovin or Networked Blogs and I’d love to see you over on my Facebook page and on Instagram. Collaborative post.