Don’t Let Christmas Sleigh Your Budget


Transcript

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- We're in it.

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We're in the holiday season,
so in today's episode,

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I'll show you what you need
to be doing with your money.

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(upbeat music)

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(upbeat music)

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(upbeat music)

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(upbeat music)

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I cannot believe it, but it's November.

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And I'm still pregnant.

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Just kidding, I've probably
had the baby by now.

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I mean, dear Lord in heaven, please.

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I pray I've had the baby by now. (laughs)

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And I'm out on maternity leave.

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But, while I'm out, I wanted
to shoot a few episodes

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so that you guys still
had some fresh, new ways

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for you to save money.

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And it's really important,
especially this episode,

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because it's dealing with the holidays.

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Yes, the holidays.

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They can be stressful, and we
think we have to spend money

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and just keep up with the Joneses.

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So, in this episode,
I'm going to talk about

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holiday spending and give
you the ways the Cruze family

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is saving money this year.

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I'll teach you how to do
your Christmas budget,

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and author and entrepreneur
Emily Ley is coming on

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to talk about how to make
the most out of your holidays

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without going overboard.

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Now first, I think it's always
fascinating to hear from

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people on the street.

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So let's hear how people are
planning to spend their money

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over the holidays.

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- Hey guys, Will Smith here.

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We are in downtown Nashville to find out

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what people are spending for the holidays.

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(upbeat music)

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(upbeat music)

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How much will you be spending
for Christmas this year?

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- I'm trying to keep it under $500.

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- Probably about $1,000 or so.

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- Probably around $300 or $400.

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- $1,400 to $1,500.

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- $2,500.

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- Around like $500 to $1,000.

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It's really dependent on how
well I'm sitting financially

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at the time.

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- Will any of your
Christmas shopping be done

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with credit cards?

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- Yes, some of it will be.

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- The shopping will be on credit cards.

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- Nope, we try to stay away from that.

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- Probably, so we just put
everything on a credit card, and

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then pay it in full every month.

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- No, I'm going to try not to.

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- Do you think most
Americans will go into debt

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around the holiday season?

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- I think that's pretty typical, yes.

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- Yes, I do.

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- Everyone wants to
please everybody, so yes,

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everyone goes into debt.

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- Yeah, I bet most people
put it on their credit card

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and then pay it off throughout the year.

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- I think a lot of people
go into debt, and then

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they'll use the following
couple months to recover.

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- Have you ever done that?

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- Maybe a year.

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- I have in the past, but now
I'm trying to get debt-free

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so I can get ready for retirement.

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- How much do you think
most Americans will put

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on a credit card to pay
for Christmas gifts?

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- I think the average
American might spend about

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$2,000 to $3,000 on credit cards.

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- Couple thousand dollars, at least.

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- $3,000 to $5,000 on
Christmas on credit cards.

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- Couple thousand, probably. (laughs)

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- Do you think people spend
too much on Christmas gifts?

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- I think, yes, yeah.

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- I think most Americans
overspend on Christmas.

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- Yes, we do.

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- Okay, now that we've
heard from those people

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and how they're going to spend
money this holiday season,

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let's look at how America does as a whole.

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Based on NRF's annual
consumer spending survey,

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Americans planned on spending
over $1,000 last year

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during the holidays.

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That's up 4.1% from 2017.

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Now, that spending falls
in four major categories.

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Gifts for families, friends,
and coworkers is $638.

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Non-gift holiday purchases,
like food and decorations,

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$215.

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Other non-gift purchases for themselves

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and for their families, $155.

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And travel, $500.

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And you guys, 48%,
almost half of consumers,

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will go into debt to pay for all of this.

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For those who put holidays
on the credit card,

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they are going to be paying their debt off

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in 2.2 months.

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Now, that may not seem like a ton of time,

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but in those two months, Americans
will rack up a collective

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$2.8 billion in interest.

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Yes, $2.8 billion in interest.

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This is where credit card
companies are making pure profit

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off of your love for your family!

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I mean, how dare they?

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It's unbelievable.

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But you can get through the holiday season

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without going into debt and being stressed

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and worried about money.

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And here's the thing, to do this,

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it starts with being content.

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And you have to start that now.

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Yes, having good money
habits and boundaries

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to love your life now and at the new year.

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And this is something that will help you,

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that I write about in my
Contentment Journal, yes!

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When you use this journal,
I'll be walking with you

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on a journey toward being content.

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And because, at the end of the day,

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you have to ask yourself,
why are you spending

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all this money?

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Are you doing it to
make other people happy?

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Or are you doing it to
make yourself happy?

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The Contentment Journal
will bring you back

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to the things that actually matter,

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like you and your family.

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And speaking of family,
here's what my family is doing

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money-wise this Christmas.

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(playful piano music)

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- The Cruzes are scaling back.

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I don't know, you can call
me the Grinch, I don't care.

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But I'm nesting, and I am
getting crap out of our house.

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We are moving, we're having a baby.

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We are just in a crazy
season right now in our life,

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and I went up to the girls'
playroom, Winston and I did,

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and we threw out/donated
to Goodwill four trash bags

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of toys.

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Four!

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I mean, this is toys they got
from fast-food restaurants,

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to stuff that they never play
with, to stuff that I'm like,

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you know what, you just don't need this.

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And (laughs) parents, I'll
tell you, if you purge

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your playroom, just go ahead
and hide the trash bags.

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Because Amelia saw them, started
crying, and she was like,

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"Why are you giving away all my toys?"

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So I had a moment with her to tell her,

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"You don't need all this stuff.

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You have too much stuff, and
it's Mommy and Daddy's fault

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because we allowed all the
plastic crap in the house."

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(laughs)

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"And number two, there
are other little girls

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around the world that do not
have these kind of things,

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and so we are going to give
some of these toys away."

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It was a little good giving conversation,

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but basically, I just
wanted the stuff out.

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And I just thought, "You
know, they are just so happy

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with the minimal toys that they have,

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and they actually play with them."

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And that's it. That's all they need.

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They don't need a ton of stuff.

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So for Christmas, Winston and I were like,

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"Mmm, maybe two gifts
each, if they're lucky,

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but (laughs) we're done."

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And then the grandparents
are also the blessing/problem

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to all the plastic crap
entering the house.

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So we had to tell our
parents, "Hey, don't buy them

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a bunch of stuff.

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If you buy them something,
let's get a gift card

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where we can actually get them clothes

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or get them new bedding, get
them stuff that they can use."

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Because we're done.

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We're done.

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So, we are embracing the word
"no" this holiday season.

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For ourselves, too, by the way.

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But also for the girls, like, mm-mm.

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And I say girls, there'll
be a little boy here

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this Christmas.

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But he has no idea what's going on.

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He'll be like three months
old, so it's fine. (laughs)

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But I've realized, too, that
different seasons of life

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cause your Christmases to look different.

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Like when Winston and
I, when we were DINKs,

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Dual Income No Kids, it was like,

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"Yeah, (laughs) we'll buy
each other some great gifts,

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why not?"

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But now, with three kids,
we're like, "No, no, no."

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Things change.

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Your priorities change, and that's okay.

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Your Christmases are
going to look different,

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and that is fine.

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So, you have to figure out
what's important for you

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and your family.

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And it's also important to
think about life insurance.

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I can't stress enough how
important this is for you

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and your spouse.

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During this holiday
season, will you be setting

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your home alarm?

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Or will you be locking
your car doors to protect

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those gifts you just bought at the mall?

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I bet you are.

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It's easy to get caught
up in taking care of those

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day-to-day things and forget, or put off,

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something important, like
protecting your family's future

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by having life insurance.

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It will make sure that your family

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is taken care of financially.

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Term life insurance is really inexpensive.

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You can secure your family for
a fraction of what it costs

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to get whole life insurance.

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Winston and I use Zander Insurance.

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During this busy holiday
season, you might be thinking

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that you don't have time, but
Zander makes it really easy.

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They walk with you through
every step of the process,

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making sure that you and
your family have exactly

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what they need.

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So go to Zander.com to get a quote today.

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All right, coming up next,
I'm bringing on my friend

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Emily Ley, who just released
a new book all about

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how to do more with less.

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(upbeat music)

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Emily, thanks for coming back on.

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- Thanks for having me!

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- It's so fun to have you here.

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- Thank you, I'm here.

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- You've moved since I've
seen you last, to Pensacola.

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I mean, you're just all over the place.

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- Big move.
- Yeah.

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- It was a big move.
- So great.

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- I'm glad to be there.

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- Okay, so I feel like
you're just an expert

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in so many areas of just
organizing our lives, right?

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- That's so sweet, thank you.

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(laughs)

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- No, you are, that's like
what Emily Ley is known for.

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Okay so, during this
holiday season, I feel like

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a lot of people get very overwhelmed,

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and in your story,
personally, you kind of hit

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this breaking point, this wall.

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And I just want to know a
little bit about that.

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Because it caused you
to write your new book,

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which we'll talk about in a second.

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- It did.

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And, you know, I think a
lot of times the holidays

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can be a catalyst for burnout, where we overcommit,

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we do so many things,
we pack our schedules,

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we often feel like we're
missing out if we're not

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doing everything.

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And then we get to the
new year and a lot of us

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want a big change.

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And that was me.

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At the end of last year, I just
hit a point where I said,

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"I am so tired."

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And I was seeing it in my children.

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I was even seeing it in
our customers, our friends,

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just this underlying tone of
everyone feeling really tired.

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Like burned out and overwhelmed.

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And I, at that time, actually
sat down to write this book

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and spent a good few weeks
looking at my life and saying,

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"What can I turn the noise down on?"

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Our lives are just so
crammed full and everything

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is so loud.

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And I just decided to
look at things and say,

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"What can I have less of to
live a life that's more?"

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You know?
- That's so good.

0:10:06.450,0:10:07.283
So good.

0:10:07.283,0:10:09.576
And so, obviously the
book, it's on sale now--

0:10:09.576,0:10:10.780
- It is!
- Which is amazing.

0:10:10.780,0:10:11.613
- It's out!
- So where can people

0:10:11.613,0:10:12.446
pick up the book?

0:10:12.446,0:10:13.279
- Everywhere books are sold.
- Okay.

0:10:13.279,0:10:14.112
- Everywhere.

0:10:14.112,0:10:15.440
- Guys, make sure to check this out.

0:10:15.440,0:10:18.360
And you hit on so many
topics, just in life.

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But you focus a lot on
technology and social media,

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which I think is so fascinating.

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Okay so, with technology you turned down

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the noise of that specifically.

0:10:27.350,0:10:29.280
Okay so, give us some tips,
some things that you've done

0:10:29.280,0:10:30.950
in that area that's helped you.

0:10:30.950,0:10:34.490
- Well, I started to
realize that when I got off

0:10:34.490,0:10:36.930
of social media, I got off
of social media for 30 days

0:10:36.930,0:10:39.500
to write this book, and
when I got off of it

0:10:39.500,0:10:42.580
I started to realize that
social media and technology

0:10:42.580,0:10:44.920
weren't necessary my problem.

0:10:44.920,0:10:48.937
My problem was my habit
of going to it and saying,

0:10:48.937,0:10:52.707
"I'm either bored or I'm
really busy, I need a break.

0:10:52.707,0:10:54.050
Entertain me."

0:10:54.050,0:10:55.120
- [Rachel] Yes!
- Like, let me see

0:10:55.120,0:10:57.460
something new, something
new, something new.

0:10:57.460,0:11:01.200
And that constant need for that noise,

0:11:01.200,0:11:03.540
it wasn't healthy for me, and
I don't think it's healthy

0:11:03.540,0:11:04.550
for a lot of people.

0:11:04.550,0:11:07.740
And so, I just started doing
some really tactical things.

0:11:07.740,0:11:11.160
Like turning off every
notification on your phone.

0:11:11.160,0:11:12.274
Did you know you can do that?

0:11:12.274,0:11:13.510
(laughs)
- You don't have to be

0:11:13.510,0:11:14.343
alerted at all.

0:11:14.343,0:11:15.930
- I've had this conversation
with so many people

0:11:15.930,0:11:17.180
that are like, "I've never thought of it."

0:11:17.180,0:11:18.260
And I hadn't either.

0:11:18.260,0:11:19.093
- So funny.

0:11:19.093,0:11:21.400
Can I tell you, I even
updated my weather app.

0:11:21.400,0:11:22.233
- Yes!

0:11:22.233,0:11:23.066
- This is such a silly example.

0:11:23.066,0:11:24.440
And it automatically
turned on the notification,

0:11:24.440,0:11:25.817
and it literally would notify me like,

0:11:25.817,0:11:26.800
"It's about to rain."

0:11:26.800,0:11:27.633
- All the time.

0:11:27.633,0:11:30.060
- And I was like, "Oh my gosh,
I have got to turn this off."

0:11:30.060,0:11:32.640
But it's like anything will notify you.

0:11:32.640,0:11:33.500
Yes, yes.

0:11:33.500,0:11:35.850
- So I turned all the notifications off.

0:11:35.850,0:11:38.430
I started looking at noise in our home.

0:11:38.430,0:11:40.820
Like, do we constantly have the TV running

0:11:40.820,0:11:41.653
in the background?

0:11:41.653,0:11:44.450
Or, you know, when we're
in the car is there just

0:11:44.450,0:11:46.310
loud music when people are trying to talk?

0:11:46.310,0:11:48.327
And just looking at
all of life and saying,

0:11:48.327,0:11:53.327
"How can we just hit the
brakes and turn down the noise

0:11:53.437,0:11:55.820
a little bit so that we can
really enjoy the good stuff?"

0:11:55.820,0:11:59.030
Because we miss it when
there's so much else going on.

0:11:59.030,0:11:59.960
- Yes.

0:11:59.960,0:12:00.930
- I mean, that's modern life, right?

0:12:00.930,0:12:01.763
- Totally.

0:12:01.763,0:12:04.520
So with technology, I want to
know your life after you've

0:12:04.520,0:12:05.353
done these things.

0:12:05.353,0:12:06.647
Because I hear this and I'm
like, "Oh, that's so good,

0:12:06.647,0:12:08.191
if I implemented this in my life.

0:12:08.191,0:12:09.700
What does it feel like?"

0:12:09.700,0:12:12.410
Do you feel like (sighs)?
Is there freedom?

0:12:12.410,0:12:14.240
Do you feel this weight almost lifted off?

0:12:14.240,0:12:16.280
- I feel like there's
so much freedom in it

0:12:16.280,0:12:18.637
when we say, "I'm going to pump the breaks

0:12:18.637,0:12:22.717
and take inventory and look
around at everything being

0:12:22.717,0:12:26.217
too loud, too busy, too
fast-paced, too much."

0:12:27.470,0:12:28.410
There's so much freedom.

0:12:28.410,0:12:30.500
And we don't have to live life that way.

0:12:30.500,0:12:33.760
I think modern technology and, you know,

0:12:33.760,0:12:36.550
modern advances and all these
ways that we've tried to

0:12:36.550,0:12:39.130
make life better and easier,
they've often made it

0:12:39.130,0:12:40.560
a little bit more complicated.

0:12:40.560,0:12:43.167
And we haven't taken the step back to say,

0:12:43.167,0:12:46.317
"Whoa, I'm not just going to, you know,

0:12:46.317,0:12:47.727
let these things into my life.

0:12:47.727,0:12:50.618
I'm going to be proactive about technology,

0:12:50.618,0:12:54.247
about social media, about
my own health and wellness,

0:12:54.247,0:12:56.357
about getting rest and things like that,

0:12:56.357,0:12:58.600
so that I can be the best version of me."

0:12:58.600,0:12:59.710
- Yes, that's so good.

0:12:59.710,0:13:02.540
So social media, you've
touched on this a little bit,

0:13:02.540,0:13:04.440
but you went through kind
of a social media purge.

0:13:04.440,0:13:06.520
You went off of it for 30
days to write the book.

0:13:06.520,0:13:09.410
And then you also went
through and unfollowed

0:13:09.410,0:13:10.320
a bunch of people, right?
- [Emily] Yeah.

0:13:10.320,0:13:11.610
- You were kind of picky and selective--

0:13:11.610,0:13:12.443
- Even friends!

0:13:12.443,0:13:13.401
Right? (laughs)

0:13:13.401,0:13:14.563
- Yeah, okay, so tell me about that.

0:13:14.563,0:13:16.610
What was your filter,
what was your mindset

0:13:16.610,0:13:17.443
when you were doing that?

0:13:17.443,0:13:19.180
- Well, I think because
I've built a business

0:13:19.180,0:13:22.420
on social media and I use
it so much for our brand,

0:13:22.420,0:13:24.940
you know, we would follow
people we thought we had to,

0:13:24.940,0:13:27.320
or I would follow accounts
I felt like I needed to.

0:13:27.320,0:13:30.810
And slowly built up hundreds,
if not thousands, of

0:13:30.810,0:13:33.540
people that I was allowing into my heart.

0:13:33.540,0:13:35.477
And there's that verse
about, "Guard your heart,

0:13:35.477,0:13:36.810
for it's the wellspring of life."

0:13:36.810,0:13:38.957
I kept coming back to that and saying,

0:13:38.957,0:13:41.840
"I need to be careful with social media."

0:13:41.840,0:13:44.070
Especially with kids, and
having kids that are going to

0:13:44.070,0:13:45.830
come up into it.

0:13:45.830,0:13:48.230
Exemplifying, you know,
guard your heart in all of

0:13:48.230,0:13:51.300
these ways and only allow
in what you want to pour out.

0:13:51.300,0:13:54.720
And so I unfollowed so
many different accounts,

0:13:54.720,0:13:58.097
good accounts, too, and
just limited it to say,

0:13:58.097,0:14:01.187
"When I go to my phone and
I'm looking at social media,

0:14:01.187,0:14:04.577
how can I let it be a place
of positivity to put in

0:14:04.577,0:14:06.010
what I want to pour out?"

0:14:06.010,0:14:06.843
- So good.

0:14:06.843,0:14:07.820
- And it's so freeing.

0:14:07.820,0:14:11.167
But it takes stopping and
saying, "Oh, I can do that."

0:14:11.167,0:14:13.680
"I don't have to follow
a thousand people."

0:14:13.680,0:14:16.430
And my personal Facebook, I also just had

0:14:16.430,0:14:18.810
a ton of friends there, and
finally decided to set the rule

0:14:18.810,0:14:21.247
and say, "If you get a
Christmas card from me,

0:14:21.247,0:14:22.970
we'll be personal friends on Facebook."

0:14:22.970,0:14:25.300
It's the litmus test, you know?

0:14:25.300,0:14:26.190
- I love that.

0:14:26.190,0:14:27.697
I have my litmus test of when I say like,

0:14:27.697,0:14:29.667
"Oh yeah, we're really good friends,

0:14:29.667,0:14:30.877
I'm like, but do I have their cell phone number?"

0:14:30.877,0:14:31.770
- Okay, that's a good one!

0:14:31.770,0:14:32.603
(laughs)
- That's my test.

0:14:32.603,0:14:33.560
I'm like, "Do I have
your cell phone number?"

0:14:33.560,0:14:34.450
If I have your cell phone number,

0:14:34.450,0:14:35.640
I'll consider you a friend.

0:14:35.640,0:14:36.910
- Absolutely, yeah.

0:14:36.910,0:14:37.800
- Ahh, that's so good.

0:14:37.800,0:14:39.770
Well and I love this whole approach
because, you said it earlier,

0:14:39.770,0:14:42.040
but it is true. It's like
you're being proactive

0:14:42.040,0:14:42.873
about your life.

0:14:42.873,0:14:44.090
We talk about being proactive
with your money on here

0:14:44.090,0:14:46.950
all the time by doing a
budget, being purposeful

0:14:46.950,0:14:48.200
with your spending.

0:14:48.200,0:14:51.810
But with your time, technology
or social media, it can

0:14:51.810,0:14:53.325
happen to you so quickly.

0:14:53.325,0:14:54.158
- So quickly.
- And you look up

0:14:54.158,0:14:55.370
and it's been a year, right?

0:14:55.370,0:14:56.227
Or whatever it is, and you're like,

0:14:56.227,0:14:57.560
"Wow, it's been a lot of time--"

0:14:57.560,0:14:58.393
- A lot of time.

0:14:58.393,0:14:59.620
- "Where I haven't been the one in control."

0:14:59.620,0:15:00.453
- Right.

0:15:00.453,0:15:01.883
Or it's been an hour and
I've been scrolling through

0:15:01.883,0:15:04.470
pictures of who knows what, you know?

0:15:04.470,0:15:05.457
- And half the people, we don't even know.

0:15:05.457,0:15:06.290
- We don't know.

0:15:06.290,0:15:07.123
- Right? I know, it's crazy.

0:15:07.123,0:15:07.956
It's so crazy.

0:15:07.956,0:15:09.910
Okay so, again, the holidays are here,

0:15:09.910,0:15:13.500
so I know this is a time
for me, having little kids

0:15:13.500,0:15:16.030
and I'm an extrovert so I'm
like, I love all the parties,

0:15:16.030,0:15:17.600
I love all the things.

0:15:17.600,0:15:21.130
But it is so exhausting
trying to do all the Santa

0:15:21.130,0:15:23.420
meet and greets and doing the parades.

0:15:23.420,0:15:24.982
I mean, there's so much to do.

0:15:24.982,0:15:25.815
(Emily laughs)

0:15:25.815,0:15:27.015
So what do you do?

0:15:27.015,0:15:30.977
What's your advice to say,
"Okay, how can we have less

0:15:30.977,0:15:33.157
and actually end up
having more because of that

0:15:33.157,0:15:35.260
during the holiday season,
just even with schedules?"

0:15:35.260,0:15:36.920
- Well, I think it's twofold.

0:15:36.920,0:15:39.630
I think before the holiday season starts,

0:15:39.630,0:15:42.077
now is the perfect time
to sit down and say,

0:15:42.077,0:15:44.197
"What are the three things we want to do?

0:15:44.197,0:15:46.467
What are the three
memories that we want to make,

0:15:46.467,0:15:49.627
so that come January,
we look back and say,

0:15:49.627,0:15:52.397
'I'm so glad we went
and drove around and saw

0:15:52.397,0:15:54.200
Christmas lights', or
'we went and saw Santa.'"

0:15:54.200,0:15:55.550
Or whatever it was.

0:15:55.550,0:15:59.425
Also, I think personally,
I've often looked at

0:15:59.425,0:16:02.488
what's the biggest and
the best and the flashiest

0:16:02.488,0:16:04.150
fun Christmas thing?

0:16:04.150,0:16:07.020
Because my kids need it and we got to do it

0:16:07.020,0:16:09.450
because we got to get the
picture to post on social media.

0:16:09.450,0:16:10.670
Or whatever it is.

0:16:10.670,0:16:11.503
- Right.

0:16:11.503,0:16:14.190
- But when I look back
at my life with my kids,

0:16:14.190,0:16:16.400
who are 8 and then I
have two 4 year olds,

0:16:16.400,0:16:20.410
when I look back at it now,
my favorite holiday memories

0:16:20.410,0:16:22.190
are baking cookies in the kitchen.

0:16:22.190,0:16:24.680
Even if they're slice and bake, whatever.

0:16:24.680,0:16:26.720
Or decorating the Christmas tree together.

0:16:26.720,0:16:28.840
Or watching a Christmas movie.

0:16:28.840,0:16:31.457
They aren't always the
things that we feel like,

0:16:31.457,0:16:33.130
"Oh, got to do that."

0:16:33.130,0:16:34.570
- Right, that's the big thing, yes.

0:16:34.570,0:16:36.140
But that's the thing
that's so true, I'm like,

0:16:36.140,0:16:39.279
when it is almost more
low-key, there's less stress.

0:16:39.279,0:16:40.112
- [ Emily] Way, way less stress.

0:16:40.112,0:16:41.140
- You're way more present.

0:16:41.140,0:16:42.810
There's just more peace.
- Totally!

0:16:42.810,0:16:45.236
- And quietness, and more, as a parent,

0:16:45.236,0:16:47.530
more control (laughs)
over your environment--

0:16:47.530,0:16:49.857
- And it happens in the
margin, I feel like.

0:16:49.857,0:16:52.530
One of the things I learned
most through this kind of

0:16:52.530,0:16:55.780
experiment that I did was
that, when we allow margin

0:16:55.780,0:16:58.630
to exist in our lives,
it will fill itself up.

0:16:58.630,0:17:01.210
And it'll fill itself up with
the good stuff, you know?

0:17:01.210,0:17:03.157
Not the stress of getting
all the things

0:17:03.157,0:17:05.300
and doing all the things.

0:17:05.300,0:17:07.960
I mean, I could talk about this
for days because it was just

0:17:07.960,0:17:11.507
life-changing to say, "Hey
world, I'm not going to live

0:17:11.507,0:17:12.340
the way you're telling me to.

0:17:12.340,0:17:13.173
I don't have to."

0:17:13.173,0:17:14.006
- Yes.
- You know?

0:17:14.006,0:17:15.540
- And your life is just
so much more fulfilling.

0:17:15.540,0:17:16.373
- So much more.

0:17:16.373,0:17:17.206
I mean it's a journey.

0:17:17.206,0:17:19.080
It's definitely every
day something I have to

0:17:19.080,0:17:21.957
remind myself of and say,
"Be flexible with it."

0:17:21.957,0:17:23.777
But always have it in
the back of your head

0:17:23.777,0:17:26.310
that more isn't always better.

0:17:26.310,0:17:27.143
- Yes.
- You know?

0:17:27.143,0:17:28.150
- So good.

0:17:28.150,0:17:29.758
Well, you're fantastic.
- Thank you.

0:17:29.758,0:17:30.880
- Thanks for coming on.

0:17:30.880,0:17:31.800
- Thank you for having me.

0:17:31.800,0:17:32.633
- So great.

0:17:32.633,0:17:34.790
Again, you guys, "When Less
Becomes More," Emily Ley.

0:17:34.790,0:17:35.655
Be sure to check it out.

0:17:35.655,0:17:37.858
(upbeat music)

0:17:37.858,0:17:39.939
(upbeat music)

0:17:39.939,0:17:43.270
(upbeat music)

0:17:43.270,0:17:44.460
Well, wasn't Emily great?

0:17:44.460,0:17:46.560
I just loved chatting with her.

0:17:46.560,0:17:49.470
Now, one of the most important
parts of the holidays for you

0:17:49.470,0:17:51.420
is having a Christmas budget.

0:17:51.420,0:17:54.580
Yes, it's November, so if
you haven't started one,

0:17:54.580,0:17:56.160
do it today.

0:17:56.160,0:17:57.367
Now, you might be thinking, "How do I do

0:17:57.367,0:17:58.400
a Christmas budget?"

0:17:58.400,0:18:00.080
Well, this is how you do it.

0:18:00.080,0:18:03.130
First and foremost, decide
on how much you can spend.

0:18:03.130,0:18:06.580
And then make a list,
just like Santa Claus.

0:18:06.580,0:18:09.180
List out all the people
you're going to buy a gift for

0:18:09.180,0:18:11.980
and then put a dollar amount
next to each of their names.

0:18:11.980,0:18:15.840
Finally, subtract! The total
minus all of those numbers,

0:18:15.840,0:18:18.170
and hopefully you've ended with zero.

0:18:18.170,0:18:21.680
If you have, then you have
perfected a zero-based

0:18:21.680,0:18:22.782
Christmas budget.

0:18:22.782,0:18:23.670
(clapping)

0:18:23.670,0:18:25.780
Well done, well done.

0:18:25.780,0:18:28.400
Every dollar that you
spend will be attached to

0:18:28.400,0:18:31.270
someone's name just like the categories

0:18:31.270,0:18:32.150
in a normal budget.

0:18:32.150,0:18:33.610
And it's that simple.

0:18:33.610,0:18:37.150
And I've also got an all-cash Christmas budget

0:18:37.150,0:18:38.770
from EveryDollar to help you do this.

0:18:38.770,0:18:42.490
So click the link in the show
notes to get that for free.

0:18:42.490,0:18:46.673
And, don't forget, pay
for everything with cash.

0:18:46.673,0:18:47.880
That's right.

0:18:47.880,0:18:49.710
All right, this was such a fun episode!

0:18:49.710,0:18:52.660
I love the holidays.
They're one of my favorites.

0:18:52.660,0:18:55.160
And I love Emily Ley, so
I'm so glad she was able

0:18:55.160,0:18:55.993
to come on.

0:18:55.993,0:18:57.680
She is just a wealth of knowledge.

0:18:57.680,0:18:59.290
And make sure to click
the link in the show notes

0:18:59.290,0:19:01.830
to get everything that we've
talked about in this episode.

0:19:01.830,0:19:03.704
And thank you guys for watching!

0:19:03.704,0:19:06.120
If you haven't subscribed
yet to my YouTube channel

0:19:06.120,0:19:08.600
or my podcast, make sure you
do that so you don't miss

0:19:08.600,0:19:10.345
any new money tips from me.

0:19:10.345,0:19:13.630
And as always, make sure to
take control of your money

0:19:13.630,0:19:15.790
and create a life you love.

0:19:15.790,0:19:18.373
(upbeat music)