The calendar (which I shared with Flexo a while ago) I have here making my cube wall look so pretty says to start holiday savings today. According to the calendar (which can be found at http://www.valueyourmoney.org/):
If you start saving $2.50 a day now and continue through Thanksgiving, you’ll have about $500 to spend during the holidays.
Seems a little early, but it’s never too early to begin saving for future expenses, whether they are expected or unexpected. We all tend to spend more during the holidays because of the gifts, and also the travel. So it’s wise to begin saving so that when the holidays get here, you’re not having to dip into your emergency fund or carry the balance on a credit card.
I would highly recommend using an online high-interest savings account, like the ING Orange Account, to begin saving for the holidays. I would also recommend this type of account for your emergency fund. If you’d like to start one of these accounts, please email me at ptmoneyblog @ gmail.com (you’ll receive an extra $25 for opening the account, and I will get $10 for my own holiday savings.) Good luck getting that holidays savings going.
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