As the holiday season approaches, many people wonder how they are going to pay for all the gifts that they need to purchase. So many things can get in the way right when you are ready to go holiday shopping! With a little preparation, you can save for the holidays and afford to buy for everyone on your list.
First, you must develop a spending plan. Creating a holiday budget at the beginning of the year will let you know how much money you need to put away monthly in order to cover the cost of the holidays. start strong here and create a solid base! Next, start a holiday savings club. These clubs require that you put away money each month to save for the holiday season. As shopping season begins, you receive a check of your accumulated savings. Be sure to check in with you credit union.
Third, lets use a piggy bank or jug to collect change. Toss any spare change that you have lying around into the bank. Redeem the change at the start of the holiday season at a coin counter. although it might seem like that small amount of change you keep adding to your pile isn't much, stay strong and keep saving! Fourth, you should buy gifts throughout the year. To save money for the holidays, don't wait until the last minute and make all of your purchases at once. It might be a bit late for this strategy part, but it is never too late to start!
Finally, try and earn some extra cash and put it away to spend on the holidays. Sell some books on Amazon.com or hold auctions on eBay. Your earnings should be put away and not used until the holiday season arrives. when you put this strategy to the test, it will only be successful if you stick to the plan. If you are visually motivated, place a picture to look at every time you want to spend the money you saved. Bottom line, save your money and see the rewards at the end of the year!
Thanks for reading another blog post from your credit union!
Read more: How to Save for the Holidays | eHow.com http://www.ehow.com/how_2051085_save-holidays.html#ixzz1d2fSWflZ