The holiday season is not too far away, which means it’s time to start planning! From buying gifts and hosting holiday parties and events, it’s not only a busy season for you but a busy season for your bank account as well. Here are some holiday savings tips to help you avoid a headache later on.
Create a Budget
First, it’s important to set a budget. Take a look at your expenses and figure out what is a reasonable amount to spend on your holiday shopping. Figure out what you will need to put aside every week or every month to help you save up to alleviate some stress down the line.
Make a List
Another great holiday savings tip this season is to make a list of everything you need, and most importantly to stick to that list. Creating a list will help you stay on track when it comes time to begin your holiday shopping and avoid buying unnecessary items.
If you know you are going to have a big list this year, try to get ahead of the game and start early. Rather than buying all of your presents the month leading up to the big day, try starting a few months before so you can spread out your expenses a little more.
Look for Deals
Another great reason to start shopping early is that it gives you more time to find great deals. Looking for deals and sales are great ways to save money too.
Set up a Separate Account
Last, but certainly not least, you might want to consider setting up a separate account for all of your holiday shopping. Once you create your budget, you can figure out how much money to put aside each week or month to reach your goal. By having a separate account from your everyday account, you are able to easily keep track of all of your expenses.
If you are looking to start saving for the holiday season, but don’t know where to begin, visit our website or call a Member Specialist today at 800 – 422 – 5852 to learn how we can help.