How to Start Saving for the Holidays | Cleveland Bradley County Teachers Federal Credit Union

Can you believe we are only a few months away from Christmas? Wow—time just flies!

Remember last holiday season when you wished you had started saving a lot faster than you did? Well, our team at Cleveland Bradley County Teachers Federal Credit Union is here to remind you that the time is now to start saving for the holidays!

Are you ready?

Let’s take a look at some ways you can start saving for the holiday season:

How Much Money Do You Need?

First things first, you want to decide how much money you need for the holidays! Now, it is important to think of everything, which includes decorations, gifts, parties, etc.

The problem with most holiday budgets is that they only include gifts. But when it comes to decorating your home for the holidays or going on vacation, where does that money come from?

Therefore, make a list of everything you need for the holidays. Your wants can come later if you have more money than you need for needs.

Now, take that amount and divide it by how many paychecks you have between now and the holidays. The number you are left with is how much money you need to save per payday in order to have your holiday budget fulfilled.

How Can You Make Extra Money?

One way many people find to finance their holiday season is by seizing opportunities to earn extra money. For instance, you could offer after-school or weekend tutoring. Or you can have a yard sale to sell unwanted items. Then, you can use the money earned toward Christmas.

In addition, many places are hiring seasonal help for the holidays. So, if you wanted to kill two birds with one stone, you could pick up a side job as a seasonal worker for one of your favorite stores and utilize the discount!

Have You Ever Thought About Making Your Own Gifts?

When it comes to gift-giving, it is important to remember what this time of year is really about—and it is not about buying the most expensive gift for everyone. It is about being together and making memories.

Therefore, do not underestimate the power of the homemade gift. Not only can it help to save you money, but it can also be the most meaningful gift the person receives this season!

Are you ready to start saving for the holidays? Visit Cleveland Bradley County Teachers Federal Credit Union today to learn about our savings account options, including our Christmas Club Account!