Summer is the perfect time to start saving for the holiday season. It may seem early, but trust me, it’s never too soon to start thinking about the holidays. With a UPS strike recently kicking off and only a tentative agreement to end slowdowns at the docks, things could get dicey with deliveries. Combine that with a survey by Deloitte via CNBC that shows the average American spends over $1,500 on holiday expenses and you have a recipe for disaster. But, if you start saving now, you can avoid the stress of holiday debt and enjoy the season with a little extra cash in your pocket. Here are five reasons why you should start saving for the holidays now.
1. Saving for the holidays now = less stress
The holiday season can be stressful, but it doesn’t have to be. By starting to save now, you’ll have more time to reach your savings goal and avoid the stress of last-minute shopping and debt. Data shows that 25% of Americans start their holiday shopping in September or earlier. That means they’re able to avoid the last-minute rush and enjoy the season with ease. By starting early, you’ll be able to do the same. And you know what they say, if you stay ready you don’t have to get ready.
2. Take advantage of summer sales
Summer is a great time to take advantage of sales and discounts. Retailers are clearing out their summer inventory to make room for fall and winter items, which means you can snag some great deals. By starting your holiday shopping early, you can take advantage of these sales and save. Also consider store-closing deals like Bed, Bath, and Beyond for even more discounts.
3. Saving for the holidays keeps debt at bay
Nobody wants to start the new year in debt. By starting to save now, you can avoid the stress of holiday debt. A survey revealed that 63% of Americans go into debt to pay for holiday expenses. That’s a pretty bad way to start the new year. By starting to save now, you can avoid this and enjoy the season without the added stress of debt.
4. Create a budget
Creating a budget is an important part of saving for the holidays. By starting early, you’ll have more time to create a budget and stick to it. According to StateFarm, 56% of Americans create a budget for holiday spending. By creating a budget and sticking to it, you’ll be able to avoid overspending and save more.
5. Enjoy the season
The holiday season is meant to be enjoyed, not stressed over. By starting to save now, you’ll be able to enjoy the season without the added stress of last-minute shopping and debt. A nationwide survey found that 64% of Americans say the holidays are stressful. By starting to save now, you’ll be able to avoid this stress and enjoy the season to the fullest.
In conclusion, summer is the best time to start saving for the holiday season. By starting early, you’ll have more time to save, take advantage of summer sales, avoid holiday debt, create a budget, and enjoy the season. According to a survey, 60% of Americans say that they wish they had started saving earlier for the holidays. Don’t be part of that statistic. Start saving now and enjoy the season stress-free!
Writer, rhymer, gamer: the easiest way to define the man known as Kenneth Medford. I’m a simple man who loves to learn and loves to help and I wander the digital world trying to find ways to sate my hunger for both. Basically, I’m Galactus but helpful.
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