Relieve Holiday Stress with a Smart Holiday Savings Plan!

The holiday season is undoubtedly a magical time of year filled with joy, togetherness, and festivities. However, it often comes with its fair share of financial stress. The idea of gifting, decorating, and hosting gatherings can be overwhelming, especially when it involves hefty credit card bills in the new year. But what if I told you there’s a way to enjoy the holidays more, with peace of mind, knowing that everything is paid for without relying on credit cards? Let’s be proactive and think ahead by creating your own Holiday Savings Plan.

Step 1: Reflect on Last Year

Start by looking back at your spending during the previous holiday season. Was it reasonable, or did it leave you feeling financially stretched and stressed?  Take a moment to evaluate what worked and what didn’t. What would you change if you had the chance?

Step 2: Set a Realistic Holiday Budget

Once you’ve assessed last year’s spending, set a budget for this year’s holiday season.  Be honest with yourself about what you can comfortably afford.  Remember that holidays are about creating cherished memories, not breaking the bank.  Your budget should reflect your financial reality.

Step 3: Monthly Savings Goals

To make your Holiday Savings Plan manageable, break it down into monthly savings goals for the months leading up to the holiday season, starting from September and going through December.  The earlier you start saving, the lower your monthly savings goal will be.  This approach helps spread the financial burden and prevents last-minute panic spending.

Step 4: Integrate into Your Household Budget

Incorporate your holiday savings goals into your household’s monthly budget. To do this effectively, you may need to adjust in other spending categories.  It’s essential to live below your means and prioritize your holiday savings.  Sacrificing a few small luxuries now can mean a stress-free holiday season later.

Step 5: Open a Separate Savings Account

To ensure that your holiday savings stay on track, consider opening a separate savings account specifically for this purpose.  This separation keeps your progress visible and helps you avoid the temptation to dip into these funds for non-holiday expenses.  It’s a tangible reminder of your commitment to a stress-free holiday season.

Benefits of Your Holiday Savings Plan

  • Avoid High Credit Card Interest: With credit card interest rates averaging around 28%, relying on credit cards for holiday expenses can lead to substantial interest expenses. Your Holiday Savings Plan allows you to sidestep this financial burden entirely.
  • Stress-Free Start to the New Year: By planning ahead and saving for the holidays, you’ll enter the new year with a sense of financial security. Instead of scrambling to pay off holiday debts, you can focus on setting new goals and moving yourself and your household forward.
  • Quality Over Quantity: By budgeting for specific expenses, you can focus on thoughtful, meaningful gifts and experiences rather than feeling pressured to buy more and more.
  • Teaching Financial Responsibility: If you involve your family in the holiday savings plan, it can be an excellent opportunity to teach children about responsible money management and the value of saving.
  • Strengthening Relationships: Financial stress during the holidays can strain relationships.  With a plan in place, you can enjoy quality time with loved ones without financial worries.


This year, make the holidays truly magical by creating a Holiday Savings Plan. Take control of your finances and reduce the stress that often accompanies this festive season. Reflect on past spending, set a realistic budget, establish monthly savings goals, integrate your plan into your household budget, and open a separate savings account to keep yourself on track. With credit card interest rates on the rise, avoiding unnecessary debt is more important than ever. Start your Holiday Savings Plan NOW and enjoy a worry-free, financially responsible holiday season. Your future self will thank you for the peace of mind and financial stability you’ve secured.

Become a client and schedule a complimentary coaching session today and receive personalized guidance, a solid plan, and the ACCOUNTABILITY you need to make significant strides. Act now and seize the opportunity to achieve your financial aspirations. Your future is waiting – MAKE IT HAPPEN with coaching sessions.