Inside: Here is a savings challenge that will help prepare you for holiday expenses so you can rest easy.
Imagine the holidays full of gifts, food, and fun. Who wouldn’t want that?
Does that scene play out in your family, followed by months of paying for it as the bills roll in after the new year? Yikes.
I’m guessing you want to be able to plan a nice Christmas without going into debt. Who wouldn’t want that? The way to accomplish it is to plan ahead. Starting now.
To help us all attain the goal of emerging from Christmas without a debt hangover, I’ve put together a little savings challenge.
The holiday savings challenge
There are about 12 weeks until Thanksgiving (U.S.) and I want you to be able to get through the holidays debt free.
If you start saving now, you will be set when the big sales kick in! If you start a bit later, you can still manage to finish the savings challenge before Christmas.
This may not be easy, hence the challenge. Plus, this lasts just 12 weeks. That’s 3 months. Very doable.
I have also arranged the contributions to be larger at the beginning of the challenge rather than later. Why? If you are motivated to start a challenge, you will see more progress at the beginning by front-loading your savings. If you start low and build up, you are more likely to stall and give up on the challenge. At least that’s my theory.
You can download the printable PDF for printing and check off your savings each week. You can tape it to a jar, put it on the refrigerator, or set calendar reminders to transfer money to a dedicated savings account.
Then when it is time to shop for gifts, you are set. And, of course you are going to be savvy about shopping for gifts by checking sales, rebate apps like Ibotta and Ebates. If you aren’t using those apps already, check them out. It’s free!
Have you started saving for the holidays yet?