Budgeting for the holidays can be more difficult than usual. With gifts and travel, you can anticipate several expenses coming your way. To ensure that your holiday plans fit into your financial budget, budgeting well in advance can alleviate the unwanted stress. Because it is the holidays, you may have reduced work hours, resulting in less income. By being mindful of your income and needs, saving in advance can help pay for the high expenses during the holiday season.