Christmas is coming and it’s time to think about it: Dave Ramsey

Editor’s Note: Money expert Dave Ramsey is the CEO of Ramsey Solutions. He has written seven best-selling books, including “The Total Money Makeover”. His radio show “The Dave Ramsey Show” is heard by over 16 million listeners on 600 radio stations and multiple digital platforms each week. Each week he answers a question about personal finance in his “Dave Says” column.

Dear Dave,

I know it may be early to talk about Christmas, but do you have any advice for saving for the holiday season?


Dear Carly,

It’s not too early to talk about Christmas! I’m glad you are thinking about things ahead of time.

Many people wait until December to buy and plan a gift. It is fine if they have got separate money to handle things, but most of them are not. Then, they panic and turn to the credit card. You do not want to end up in a situation where you are still paying Christmas in April.

Why you need a Doral CoronerWiss Name: Dummy RAMIf you don’t have anything yet, I would suggest setting some spending goals. Keeping a close watch on your income and expenses should be part of this.

If you’re not doing it already, then what I’m talking about here is on a written, monthly budget.

Look at how much you can spend each month towards Christmas, make a target amount of gifting, and stick to it.

In addition, you may consider opening a separate account for your Christmas savings. Start looking for gift deals now. Finally summer sales are still going on, and you never know what you might find.

There is at least one example of why other companies continue to have multiple credit cards: one is RAMSEY

You don’t have to spend a lot of money to make a wonderful Christmas or special season for others – even when it comes to giving. Thoughtful handmade items, meaningful pictures set in a frame, or special baked goods are great ways to show the people in your life who you are thinking about and how much you care.

Now, let’s talk about next year. There is nothing wrong with including a line in your budget every month just for Christmas.

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Christmas is not sneaking up on you. It happens every year on 25 December. Applying a little money for a year can relieve some of the stress of your yuletide planning.

Good question, Carly!


Dave Ramsey is America’s trusted voice on money and business. He has authored five New York Times best-selling books: “Financial Peace,” “More Than Enough”, “The Total Money Makeup,” “Enteraldship” and “Smart Money Smart Kids.” “The Dave Ramsey Show” is heard by more than 8.5 million listeners each week on more than 550 radio stations. Follow Ramsay on Twitter @DaveRamsey And on the web at

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