If you have birthday gifts or a birthday party to save for, I recommend starting your savings at least 3-4 months in advance. Here are a few ways you can save for it:
- Save $10-$20 a week out of your miscellaneous budget.
- Treat the birthday expense as a ‘bill’ and write it into your budget. You can deduct the funds at once or over the course of a few Budget Worksheets.
- Save for the birthday as “Your Fund” and apply all of the money you save for “Your Fund” for the next few months to the party.
- Be sure to research ways to save and cut costs to make this birthday affordable and on budget.