Centra Blog

Increasing your Financial IQ

Christmas In July

Christmas in July

It won’t be long until you see Christmas décor going up in stores and Mariah Carey wafting through the sound systems. After all, there are less than 30 weeks until Christmas 2017!

While you may not even want to think about presents and family gatherings and all the things that come with Christmas yet, you can start budgeting for Christmas to make it all a little less stressful when the time comes. Consider this:

  • If you saved $10 a week in a Christmas Fund … you would have $300 saved by Christmas!
  • If you saved $15 a week in a Christmas Fund … you would have $450 saved by Christmas!
  • If you saved $25 a week in a Christmas Fund … you would have $750 saved by Christmas!
  • If you saved $40 a week in a Christmas Fund … you would have $1200 saved by Christmas!

With a Centra Savings Account, you have the option to add up to four special savings sub-accounts so you can set money aside for specific goals, holidays and more. You could easily make one of those a Christmas savings account, start saving now and have a nice chunk of change saved by Christmas!

Just imagine how great it would feel to have a debt-free Christmas and start the New Year fresh! It simply requires eating one less meal out a week, skipping your morning Starbucks, or maybe even cancelling the gym membership you haven’t used in months.

Start saving now for a truly Merry (and debt free) Christmas. You won’t regret it!