start a christmas fund and take the sting out of christmas cheer

Christmas can be one of the most expensive times of the year. Take the financial stress out of Christmas by starting early and saving a little each week over the whole year.

In fact, the best time to start thinking about Christmas (savings at least) is January 1st.

Start by working out how much you will need at Christmas time. Factor in gift buying, entertainment, food, travel etc.

Divide this by 52 or 26 fortnights, depending on how often you get paid – that’s how much you will need to put away each week to reach your goal. Automate this deduction and that’s the last you’ll need to think about Christmas until Christmas time.

But remember, anything that you can save towards Christmas will take the strain off that time of the year.

Start planning (and saving) today for a debt free Christmas.

Have you read these posts?

1. christmas food traditions
2. planning a christmas budget
3. merry christmas from frugal and thriving 2011
4. Avoiding The Christmas Shopping Hangover
5. want to save but don’t know where to start? start small–it’s worth it