Saving money for Christmas now

Are you nursing a bit of a hangover from all the costs of Christmas? By saving for next Christmas now you could help ease the pressure when it comes to all of the costs that come with the festive season.  

If you were one of the many people caught up in conversation just months ago saying, “I can’t believe how quickly the year has gone,” and “Can you believe it’s Christmas already?” then you’ll know all too well how soon the festive season and the costs involved can creep up on you after a big year of spending.

Saving money for Christmas now might sound tough, especially if you’re nursing a financial hangover from the months just gone. However, if you were to put away just $20 a week over the year you’ll end up with $1,000 to spend over Christmas. That’s $1,000 less to put on your credit card and $1,000 less to have to think about after the festivities are over.

How to start saving for Christmas now

Open a Heritage Bank Christmas Club account

Help keep your savings from being spent by opening a specific savings account such as the Heritage Christmas Club account, where you save during the year and only have access to the funds during the festive season.

Shop for gifts throughout the year

If there are particular items you know you’ll want to purchase for people, start shopping now. Take advantage of mid-season sales and the popular end of financial year sales.

Cut back on extras

Saving money over the year can be easy if you realise where you’re spending the extra money. Check out this infographic on how to save almost $20,000 a year without trying. Why not try one or two of the saving tips and put that money into your Heritage Christmas Club account. You might surprise yourself come next Christmas!

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

The information provided is intended as general information only. Blogs have been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs. You should consider obtaining personal investment, taxation and/or legal advice before making any decision.  Please consider the Guide to Heritage Deposit Products and Guide to Heritage Credit Card Products (available in-branch, or at before you decide whether a product is right for you. All loans and credit cards are subject to application and approval. Conditions, criteria and fees apply and are subject to change without notice.