It’s beginning to look a lot like… summer!
And even though most people aren’t thinking about the winter holidays, this is a great time to start saving, if you haven’t already.
I started putting this savings plan together because I wanted to find an easy way to save and budget for Christmas early this year. The holidays can seem stressful enough as it is, so we definitely shouldn’t be worried about how we are going to pay for it all.
Luckily, these Christmas savings plans make saving money feel almost like a game.
And guess what? If you start the plan at the beginning of June, 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 majority of the funds in time for the big day.
I broke the $1000 down into three different plans, depending on how you prefer to save.
Weekly Christmas Savings Plan- Start with only $22
In this plan, you will start with $22 the first week and add two dollars every week to what you saved from the previous week, for a total of 23 weeks. For 2018, that puts your last deposit on the week of November 5, giving you plenty of time to plan and shop!
Weekly Christmas Savings Plan- Evenly Divided
For those who are a little more like me- here is a plan that gets you the same $1012 at the end of 23 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: $44. All you have to do is remember to save/transfer $44 a week for 23 weeks, and BOOM! You’ll have your Christmas money without any trouble.
Bi-Weekly Christmas Savings- 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 $1020 in 12 paydays. Every payday, you will save $85, and when the 12 pay periods are over, you will have over $1000 in the bank for Christmas shopping and celebrating!
Get Your Christmas Savings Plan Free Printable!
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.