Christmas can be an expensive time for most everyone that celebrates it. There will be all sorts of things to buy such as gifts, food, drink, decorations and cards. It can feel mean if you give up doing some of these things to save money so you might end up getting a loan from somewhere like Cobra Payday Loans to pay for it. However, you may prefer to try to save up so that you can afford it all more easily. However, knowing when to start saving can be a challenge.

January

January can feel like a very long month financially. It is quite common for people to be paid a bit early in December, perhaps because the finance department closes early or to let people have some money to spend on Christmas. Although this can be a big help in December it can make it a struggle in January. Therefore, it is probably not going to be a time when you are thinking about putting money away for the following Christmas.

February

February can be a month when you start to feel like you have the money situation under control again but perhaps just about. It could possibly be worth making sure everything is in order financially so that you can get ready to start saving next month. If you do have any extra money then do save it, but it is probably not a good time to start saving formally. However, it can be a good time to calculate how much you might need to save. You will still remember Christmas and what you bought and this should help you to be able to calculate how much you might spend the following year. It might also be a time to think about whether there are likely to be any particularly expensive months in the future which you need to think about as you might need to budget for those or save less those months and more in other months.

Spring

It can be wise to make sure that you start saving up about now really. You might be thinking about buying some new clothes for the summer or even for saving for a summer holiday, but now is the best time to start saving. If you set up a direct debit to put some money aside each month then you will start to build up some savings towards Christmas. If you set it up to leave the account just after you get paid. Then you will be able to make sure that you budget carefully for the rest of the month so that you are sure that you will be able to afford everything else. You will obviously need to make sure that the amount you are saving is an amount that you can afford. However, you will also need to calculate how much you need for Christmas and this will allow you to make sure that you are savings enough each month. You might be finding it hard each month to manage on less money, but it will be even harder to manage in January if you wait until December to spend it all.

Summer

There can be all sorts of expenses in the summer, particularly holidays. If you have a family then you might have to think of activities to do over the school summer holidays or pay for child care while you are working. However, if you stop saving now, it is unlikely that you will start again and Christmas will be upon you without you having saved up enough money to cover the costs. So, try to persevere now, even if you have to reduce the amount that you are saving. It could be wise to perhaps keep the holiday fairly cheap or consider not having one at all. Think about how important it is to you and whether saving the money up for Christmas will be more important or whether you are happy to spend quite a bit now and worry about other costs later.

Autumn

Christmas approaches really quickly once autumn is on the way. This is the time when you need to make sure that you are saving enough money. You may even need to increase the amount that you save so that you will have enough when you need it. You should have an idea of how much you will need to spend by now. Perhaps there might be people to add or take away form your present list, you will know whether you want to buy new decorations and things like that. It might be that it will be a bit dearer than you budgeted for or perhaps it could be cheaper. It can be a good idea to keep saving a lot even if you think that things might be cheaper as you never know whether there will be any unexpected costs. If it is going to be dearer then try hard to save a bit extra. Then you will find that things will be a lot easier when it comes to January.

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