Creating a Holiday Savings Plan? It's Never Too Early to Start Saving

Whether it's right before the holiday shoppinglooking for holiday help. You may just be the first
season starts in the fall, or sometimeone to apply and beat the rush of college kids
mid-summer with plenty of time to spare, it'slooking for seasonal work. This is a great way to
never too early to start saving for the holidays.earn some extra cash before December rolls
While many people enter into the "mostaround.
wonderful time of year" without a savings- Start to put aside money - If you're less
strategy in place, the best way to make sureconcerned with earning some extra income and
there are no surprises shocking your budget is tomore concerned with taking advantage of the
create a holiday savings plan well beforemoney you've already made, consider saving with
December.a short term savings account as a way to grow
Here are some simple savings tips to help youyour savings and enjoy a little extra money
stockpile a significant sum before ever hitting thebefore the holidays arrive. Why not open a
stores or decking the halls.money market account or CD account? These
- Skip the Starbucks - The bottom line toare both simple and convenient options that can
effectively saving money is to simply cut back onhelp you safely grow your money. And better
your regular expenditures. Whether that meansyet, both are FDIC insured. Whether you are
skipping your daily caramel macchiato atstarting to save six months or six years early for
Starbucks, or packing your lunch from now untilyour goal, you can choose your terms and decide
the holidays, small daily savings can really add upjust how fast you'd like to increase your savings.
over the months. Take the coffee example for- Set up a separate savings account - However, if
instance. If you bypassed a four dollar cup ofopening a CD or money market account doesn't
coffee five days a week, over the course of sixseem like the right option for your holiday savings
months you could save approximately $480! Whyneeds, consider simply opening up a separate
not set aside that $20 a week and put it towardssavings account dedicated to holiday gifts.
your holiday shopping list? You can purchase a lotCompanies like Nationwide Bank offer traditional
of gifts for almost $500 worth of coffee money.online savings accounts to give customers the
- Skim a little off the top - Another great way tochance to earn as they save for the holidays. So,
save money is to skim a little off the top of eachthe money you saved by skipping Starbucks,
paycheck. The old adage, "Pay yourself first," hasskimming a little off the top of each paycheck,
to do with this very idea of saving before youand earning income on the side can all easily be
spend. This way, you guarantee that you saveput into an online savings account. This way, you'll
first and avoid getting to the end of the monthearn valuable interest until you're ready to start
having already spent your savings. Try saving $50holiday shopping.
per paycheck and within six months you will haveWhether you're saving for Christmas, Chanukah
put away approximately $600 and will be moreor Kwanza, there's no better time than the
than ready to hit the holiday sales.present to start saving for the holidays. And
- Search out a side job - Whether you have a skillbecause opening an account is so quick and easy,
that you're willing to put to good use, or you'reyou'll have more time to save money to put
investigating the possibility of a part-time job, sidetoward the wish list of items you will eventually
jobs are a great way to earn extra money forbuy for your family and friends. From gifts for
holiday shopping. Are you Mr. (or Miss) fix-it? Whyyour kids to the cards you send to everyone in
not market your home improvement skills aroundyour address book, the money you save ahead
your neighborhood? Do you love kids? Why notof time can help take the surprise out of the
promote your babysitting skills to your friends andstack of receipts that are sure to start piling up
family? Or, if you're more interested in workingsooner or later. So, get a head start and begin
for a steady paycheck, check out retail storessaving today!
and restaurants in your area that will no doubt be