25 Week Christmas Savings Plan

25 week Christmas savings plan

 

Did you know Christmas is less than 8 months away?!

I know, I know.  It’s crazy to start thinking about Christmas already.  I mean, how early are stores putting out their decorations now?  It may almost be June, but I’m sure we’re going to start seeing decorations soon! HA!

I’m a planner.  I think everyone should be planners because it would just help everything run more efficiently.  Okay, I’m not that much of a control freak that I think everyone should be just like me.  BUT I do think we should plan ahead somewhat.

Every year Christmas sneaks up on me and I’m never ready.  I never know what to get at least one person in my family until the week before (if not a few days before).  I also never seem to have enough money to go around.  I’m frugal by nature.  I like using my cash envelope system so I don’t overspend and I love coupons so I can get more bang for my buck.  Also, make sure you’re using money saving apps to get rewards points and money back for your purchases.  With that being said, I figured this year I would get off on the right foot.  Yes, that foot is months early, but it’s never too early to be prepared.

I created a 25 week Christmas savings plan to help keep us on track for the holidays.  It’s pretty easy to follow.  Starting Monday until the week of Thanksgiving we’re going to put aside $40.  That $40 will add up to $1,000.  Just in time for Black Friday and Cyber Monday sales!  I like to do most of my shopping online on Cyber Monday.  Now I will have money saved up and all I have to do is decide what color sweater to get my Mom.

TIP: Print this FREE Christmas savings plan out to check off each week you save.  I plan on keeping this bad boy next to me at my desk so I can check off each week I transfer $40 into my savings.  I included an image for you to do the same with.  Just open it up, print it off and check off when you’re done.  

25 week Christmas savings plan

Simple!

Now, if you have a bigger family or like to go all out then just double the weekly amounts to have $2,000 saved.

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Meredith Rines, MBA, CFP®, a budget and financial strategist helping families pay off debt and live the life they've always wanted.