One of the most effective ways to maintain financial stability during the holidays is to save in advance. Instead of scrambling when December arrives, build a “holiday fund” early and allow it to grow:

1. Open a Holiday or Christmas Club Savings Account
   Many credit unions, including UHFCU, offer these Christmas Club accounts. Keeping holiday money separate from everyday spending helps you manage your finances better.
2. Automate Regular Deposits
   Set up automatic transfers from your checking account to your holiday savings each month or with every payday. Even small amounts can accumulate significantly over time.
3. Start Small and Stay Consistent
   You don’t need to commit large sums. Depositing $10-$25 per paycheck can lead to a meaningful fund by November or December.
4. Treat Any Leftover Holiday Fund as a Springboard for Future Goals
   If you don’t spend everything, consider rolling it over for next year or using it for another savings goal – be it an emergency fund, vacation, or home repairs.
5. Use Dividends to Make Your Savings Grow Faster
   Some credit union accounts or holiday club savings options offer dividends, providing you with a little extra return over time.
6. Plan for Recurring Holiday Costs
   Remember, it’s not just about gifts – travel, decorations, hosting, and seasonal needs add up. Factor these into your savings goal.
7. Avoid Drawing from the Fund Early
   Only use the holiday savings for holiday-related expenses. Treat it like the “envelope” it represents.
8. Consider Splitting the Fund if You Have Multiple Priorities
   Designating one fund for gifts, another for travel or hosting, and a separate one for holiday meals can help you track where your money goes.

By saving year-round through a dedicated account – like those offered by credit unions such as UHFCU – you can avoid last-minute stress and keep the holidays financially manageable.