Debt Free Christmas Challenge

This post may contain affiliate links. If you click and make a purchase, I may receive a small commission, at no extra cost to you. I only recommend products and services I use and love. Thanks for supporting The Little Frugal House!

Do you want to have a debt free Christmas this year? This Debt Free Christmas Challenge will help you achieve that goal!

Instead of paying for Christmas gifts with credit cards and going into the New Year with new debt, try this debt free Christmas challenge to pay cash for all the gifts this year.

Make sure to use Rakuten when you shop online to get free cash back. It’s so easy to use! Sign up here and get a welcome bonus.

This debt free Christmas challenge will help you save up enough cash to pay for everything without using your credit cards.

Choose the $500 challenge if you have a smaller list to buy for or a smaller budget. Or choose the $1000 challenge if you have a larger list to buy for and will be able to save enough.

Related Post: 16 DIY Christmas Gift Ideas

And I just want to put this out there. It is totally ok to cut back on the amount you spend at Christmas.

You can talk to friends and family ahead of time to set spending limits, look for great deals, make handmade gifts, or opt to spend time with extended family and friends instead of giving gifts.

Related Post: 21 Best Kitchen Christmas Gifts Under $10

Your friends and family may be relieved to not have to spend as much, also!

Small gifts and spending time together are wonderful ways to spread love at Christmas time, without putting a financial burden on yourself.

Use this free printable to help you plan your debt free Christmas.

The $500 Debt Free Challenge:

For the $500 debt free Christmas challenge, you will save $100 a week for 5 weeks.

Look at your calendar and write down when you need to start this challenge, and each week after that.

If you have more time, you can save $50 a week for 10 weeks instead.

Use this free debt free Christmas printable!

The $1000 Debt Free Challenge:

For the $1000 debt free Christmas challenge, you will save $200 a week for 5 weeks.

You can also spread this out and save $100 a week for 10 weeks if you have more time.

Write down in your planner or calendar the week you will start.

Use this free debt free Christmas printable!

Having a debt free Christmas is totally possible and will help you go into the New Year with less debt and less burden.

Start the New Year off on a better foot with no Christmas debt.

You just need to start saving early, look for deals, talk with friends and family about spending limits, and opt for fun times together instead of gifts.

Ornament exchanges, cookie swaps, Dirty Santa, Secret Santa are also fun ways to celebrate Christmas time with friends and family without having to buy many gifts.

Look for Christmas plays, festivals, concerts, craft fairs, or seasonal activities to do with extended family or friends in lieu of gift exchanging. These are always fun to make memories and keep costs low.

Here’s the free debt free Christmas printable again!