Jumpstart Your Holiday Savings: Start Now in July!

It may seem like the holiday season is still far away, but savvy savers know that starting early is the key to a stress-free and budget-friendly celebration. By beginning your holiday savings in July, you give yourself plenty of time to build a solid financial cushion, making it easier to enjoy the festivities without worrying about the strain on your wallet. Let's dive into the benefits of starting your holiday savings in July and provide actionable tips to get you on the right track.


Take Advantage of Time:

By starting to save in July, you have a significant advantage – time. With more than five months left until the holiday season, you can distribute your savings across multiple paychecks, making it more manageable than trying to save a large sum in a short period. Even small, consistent contributions add up over time and can make a substantial difference in your holiday budget.

Set Clear Goals:

Before you begin saving, set specific and realistic goals for your holiday expenses. Create a detailed budget that includes gifts, decorations, travel expenses (if applicable), and any other holiday-related costs. Having a clear idea of how much you need to save will motivate you to stay on track and avoid overspending during the holiday season.


Open a Dedicated Savings Account:

Consider opening a separate savings account specifically for your holiday fund. Here at Cornerstone we offer a Holiday Savings account with no minimum deposit to open. This savings tool allows for unlimited deposits, and withdrawals beginning on October 15th. Just in time to kick off the holiday season!

Take it a set further and automate your savings by setting up automatic transfers from your checking or other accounts to your holiday savings account each month or week!
Open a Holiday Savings Account

Cut Back on Summer Expenses and Shop Off-Season Sales

Summer can be costly due to vacations, outdoor activities, and higher utility bills. Save for the holidays by reducing summer spending. Opt for budget-friendly staycations, free local events, or homemade picnics instead of dining out frequently. Redirect the saved funds to your holiday savings.
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Shopping off-season can also save money while avoiding the holiday rush. Start by creating "wish lists" for family and friends in Amazon to get gift ideas. You can also set up alerts for when items may go on sale.