Creating a Holiday Savings Fund

Do you find that every January, you stare at your credit card bill and your bank balance in horror, shocked at how much money you spent in credit card billsDecember on presents, holiday treats, decorations, special outings and more?

The holidays can be a very expensive time of year, and many people tend to get carried away and sentence themselves to a January of barely scraping by.

However, if you plan ahead for next Christmas, you will be able to buy all of the presents you need without even batting an eye or seeing your bank balance dip even once.

How can you do this?

Create a Holiday Savings Fund

It’s quite simple. All you need to do is to open a new bank account the week after Christmas and set up an automatic transfer to pay a small amount from your paycheck into the account every week. The amount can be as small as $10 per week.

Now, $10 per week will seem like nothing to you and you won’t even miss it. After all, it’s less than $1.50 per day. It’s the equivalent of two cups of coffee and a muffin at Starbucks every week.

If you can buy things on sale when you go grocery shopping, you can easily shave $10 per week off your shopping budget without even noticing the difference. You will get so used to having $10 less to spend each week that you will forget it was even there in the first place.

It All Adds Up

However, if you stick to the plan and save $10 per week by next December you will have a fantastic surprise. You will look into your bank account and find $520 that you have saved up effortlessly over the last 52 weeks.

$520 is a big chunk of cash, and it will probably be enough to cover all of the Christmas presents for your family! The best thing is that you can splurge on your holiday treats without having to go into debt.

A Holiday Savings Fund is an easy strategy to save up for the holidays, and you will always have enough to make the season special!

How to Stay Sane During the Holidays

The holiday season can be a stressful time! With so many presents to buy, meals to prepare, and guests to host, it’s easy to get burnt out holiday stressduring this time of year.

All of the pressure from all sides to create the perfect day can leave you feel like you are rushing around like a crazy elf trying to run Santa’s entire workshop by yourself. 

However, the holiday season doesn’t have to leave you exhausted and stressed out. Here are some tips for staying sane and relaxed during the holidays:

Don’t Sweat the Small Stuff

The trick to taking the pressure off yourself is to stop expecting every little detail of the season to be perfect. The important thing about Christmas Day is that your family is together and having a great time, and not how many different festive salads that you have prepared or how beautiful your tree looks.

Don’t worry about making your Christmas celebration look like a photograph in a Home Design and Cuisine magazine, and focus more on enjoying the moment instead.

Take Time for Yourself

Sometimes during the holiday season we are so busy running around shopping for others that we forget to care for ourselves. Make sure that you take a moment out of your schedule to take a walk, read a good book, or do an activity that you enjoy.

Ask For Help

Don’t overwhelm yourself by assuming that you can do everything! There’s nothing wrong with asking for a little bit of help!

If you are hanging the Christmas lights outside the house, why risk pulling a muscle when you could ask your teenage kids to give you a hand? If you are baking cookies, invite your young children, nieces or nephews to help you stir the dough.

If you just can’t figure out how you will cook the entire festive meal, your guests won’t mind if you ask them to bring a few dishes to the table, potluck style.

Remember, the holidays are a time for special moments spent together with the people that you love. Take the pressure off and don’t stress yourself out too much!