Holiday Planning Tips: Smart Money Moves to Make in July

Summary: This article explains why July is a smart time to start holiday planning. It covers how early budgeting, gradual shopping, seasonal sales, and calendar planning can help families save money, avoid credit card debt, and reduce stress during the holiday season.

July Holiday Tips PDF

Summer may have just begun, but the holidays will be here before you know it. The good news? A little planning in July can save you money, reduce stress, and keep you from relying on credit cards when the holiday season arrives. The simple steps you take now will pay big dividends for the holidays and help create a less stressful season.

Holiday Planning in July

Why should people be thinking about the holidays in July?
The holidays get here sooner than we expect. Starting in July gives you six months to spread out costs, avoid credit card debt, and take advantage of sales as they come up. It can also ease the financial pressure many families feel in November and December.

Holiday Budget Planning Tips

What's the first step someone should take right now?
Create a holiday budget. Think beyond gifts and include travel, decorations, food, entertainment, charitable giving, and holiday events. Once you know your total, divide it by the number of months remaining and start setting aside a little each month in a dedicated savings account. Explore FORUM's Saving and Budgeting page for more tips and tools.

Holiday Shopping Savings Tips

How can shoppers save money by planning ahead?
Make a gift list now and watch for sales throughout the summer and fall. July sales events can offer significant discounts on electronics, toys, and household items. Buying gradually prevents last-minute purchases, which are often the most expensive ones.

Holiday Budget and Calendar Planning Tips

What holiday planning tip is often overlooked?
Plan your calendar, too. The holidays require time as well as money, so schedule travel, family gatherings, school events, and vacation days early. When you organize both your budget and your schedule, you can enjoy the season with less stress. A few simple steps in July can help you save money, avoid debt, and give yourself greater peace of mind.

For personalized help with budgeting and planning, FORUM offers Financial Coaching. Click here to learn more.