1. Start Early: Begin your holiday budgeting well in advance. This allows you to spread your expenses over several months, reducing the financial burden during the holiday season.  For a stress-free season start saving early.

2. Set a Limit: Determine the total amount you're willing to spend on gifts, decorations, travel, and other holiday-related expenses. Having a clear spending cap will help you stay on track.

3. Make a List: Create a list of everyone you want to buy gifts for and assign a budget for each person. Consider thoughtful yet cost-effective gifts to avoid overspending.

4. Open a Club Account:  A Christmas club, or holiday club, account is savings account designed to help you save for the holidays. Your Skowhegan Savings Club Account will collect interest on each deposit you make over the course of one year to use for holiday spending. 

5. DIY and Personalize: Handmade gifts and personalized gestures often hold more sentimental value than store-bought items. Not only does this save money, but it also adds a heartfelt touch to your presents.

6. Shop Sales and Discounts: Keep an eye out for sales, discounts, and promotions. Black Friday and Cyber Monday can be great opportunities to snag deals on gifts and other holiday essentials.

7. Plan Potluck Parties: If you're hosting a holiday gathering, consider making it a potluck where everyone brings a dish. This eases the financial burden and adds variety to the menu.

8. Travel Wisely: If you're traveling during the holidays, book flights and accommodations early to take advantage of lower prices. Consider flexible travel dates to save even more.

9. Track Spending: Use mobile banking, budgeting apps, or spreadsheets to monitor your expenses in real time. This helps you stay accountable and make adjustments if necessary.  Not yet using online or mobile banking?  Enroll today here.

10. Avoid Impulse buying: Stay disciplined and avoid last-minute impulse purchases. Stick to your budget and remind yourself of your financial goals.

By approaching the holiday season with a clear budget in mind, you can enjoy the festivities without the stress of overspending. With careful planning and saving, you'll not only create cherished memories but also start the new year on a financially positive note.  If you would like to start saving today, call or visit one of our 12 branches to open your account.