This post was originally published on May 25, 2018. It has been updated for your 2019 Christmas planning!
Happy First Day of Summer! I know you’re probably thinking about beach vacations and cookouts. But, this is also a great time to start your Christmas savings plan!
I put this savings plan together because I wanted an easy way to save for Christmas early this year. The holidays are stressful enough, so we definitely shouldn’t worry about how to pay for it all.
Luckily, this Christmas savings plan makes saving money feel almost like a game.
And guess what? If you start the plan at the beginning of July, you will have over $1000 by Black Friday! But no worries, if you start a little later; there is still plenty of time padded into the plan to get the funds in time for the big day.
Three Christmas Savings Plan Options
I broke the $1000 down into three different plans, depending on how you prefer to save.
Start with only $32
In this plan, you will start with $32 the first week and add two dollars every week to what you saved from the previous week, for a total of 20 weeks. For 2019, that puts your last deposit on the week of November 11, giving you plenty of time to plan and shop!
For those who are a little more like me- here is a plan that gets you $1000 at the end of 20 weeks, but the savings amount is split evenly. That means you don’t have to worry about how much you need to put away each week because it is the same amount every time: $50. All you have to do is remember to save/transfer $50 a week for 20 weeks, and BOOM! You’ll have your Christmas money without any trouble.
Divided by Paycheck
And finally, for those who are paid bi-weekly and prefer to pay/transfer their bills and savings on payday, this plan helps you save $1000 in 10 paydays. Every payday, you will save $100, and when the 10 pay periods are over, you will have $1000 in the bank for Christmas shopping and celebrating!
Download Your Christmas Savings Plan Free Printable!
No email address required!
The easiest way I have found to keep track of this savings plan is to print out my plan of choice and highlight or check off each week as I complete it. I hope this is helpful for you and your holiday plans as well. Click on the link below to download your free printable!
Free Printable Christmas Savings Plan
Let me know what you think! Do you have a special system for planning for the holidays? And stay tuned for my next holiday post, where I will share my entire holiday budget with you, and how I stretch my $1000 to get gifts, decorations, AND our holiday menu.