90-Day Holiday Savings Challenge

12-Week Christmas Savings Challenge

We all know how it goes. The days leading up to Christmas can be financially overwhelming. We want to ensure our loved ones get the perfect gifts, but we also want to be mindful of our budgets.

This is why I created the 12-Week Holiday Savings Plan to help you save over $1,000 for the holidays!!

Saving money ahead of time takes the stress out of holiday shopping. Don’t wait until the last minute and then bury yourself under a bunch of Christmas gift debt.

If you want to save money for Christmas, you’re in the right spot. With this plan, you will set aside a small amount each week for 12 weeks and then have the perfect amount saved up for all your Christmas shopping needs!

Ready to start saving? Here’s how it works:

How Does the 90-day Christmas Savings Challenge Work?

The best way to save money for Christmas is to set aside a small amount in a separate savings account each week. Hence, the 90-Christmas savings challenge comes into play.

Each week, you will save and put away roughly $84 dollars for the holiday season. This means that by the 12th week, you should have saved just over $1,000!

Follow along using the 90-Day Money Savings Challenge printable. Every week, put a checkmark on the worksheet to track how much money you are saving. By the time the holiday season rolls around, you should have the perfect amount of money saved up for the Christmas season.

Grab your free 90-Day Christmas Savings Challenge below!

How Much Money Should You Save for Christmas?

With this Christmas savings plan, the goal is to save about $1,000 for Christmas gifts. The total amount could be less or more, depending on your budget and what you plan to purchase. You can adjust the amounts each week accordingly to meet your specific needs. However, this Christmas savings challenge printable requires you to save $84 a day!

Remember, this Christmas saving plan is just a guideline; you can adjust it according to your needs.

How to Save Money During the Holiday Shopping Season

If you want a debt-free Christmas, here’s how to save while shopping during the holiday season.

1. Make a Gift List

Buying Christmas gifts is expensive. To help you keep track of what you plan to buy for whom, make a list and stick to it. This will help you avoid impulse purchases and save money by ensuring you don’t forget any gifts.

2. Set a Holiday Budget

Set your entire Christmas budget before you start shopping. Say you just finished the 12-week Christmas savings challenge. Now divide the amount into three categories: gifts, decorations, and food. That way, you’ll know exactly how much money you must spend on each, helping you stay on track with your budget.

By sticking to a Christmas budget, you should be able to buy Christmas presents without worrying about having enough money – start planning now and enjoy the festive season on a budget.

3. Implement the Five-Gift Rule or Less

Do you find yourself splurging on certain family members, especially those of us with kids? If you find yourself overspending or over-giving, try the 5-gift rule.

The 5 gift rule is just as it sounds. It limits gift-giving to five gifts per person, no matter the price of each. This rule ensures that everyone gets something they want and need while still keeping your budget in check.

You can also further this concept by limiting yourself to fewer than five gifts for people if you want.

4. Make Your Own Gifts

If you are trying to trim your holiday expenses this Christmas, try making your own gifts. This doesn’t mean you have to craft something from scratch, but rather, find creative ways to package and present the gifts you already have.

This can be a great way to save money on holiday shopping while giving thoughtful and meaningful gifts that will be cherished for years to come. Plus, it is a lot of fun!

5. Shop Early and Take Advantage of Sales

Finally, start saving for Christmas early! Find ways to build your holiday savings before the holiday rolls around.

Look for promotions, discounts, and coupons that can help you save money on purchases throughout the year. This is a great way to put more money towards your Christmas savings goal and get some great deals, too!

How Do I Limit My Spending At Christmas?

To limit your spending, follow along with the Christmas savings plan provided, and don’t spend more money than you save. Also, shop smart by buying gifts that are meaningful and practical but still within your budget.

Lastly, create a Christmas list of all the people you intend to buy for – including family, friends, and coworkers – so you can keep track of what you need to buy and budget accordingly. That way, you won’t be tempted to overspend.

How Does A Christmas Savings Account Work?

Okay, so you are following along with the Christmas savings plan, but where do you put the extra money? I recommend using a separate savings or checking account so you won’t be tempted to use it for other purposes.

When you have extra money, deposit it into the Christmas account and leave it there.

Christmas Savings Plan – Final Thoughts

If you want a fun way to save cash for the holidays, this 12-week printable savings challenge can help you do just that. Give this unique way of saving for Christmas, and start your new year off with a full wallet!