Christmas in July

For many families, the holidays and overspending go hand in hand. People seldom think about budgeting BEFORE the holidays arrive. While is sounds simple, doing it doesn't always happen. First Commonwealth is here to help you become the saver you want to be - just in time for the holidays!

Start by opening a Holiday Club account. This account lets you save for holiday spending year-round so you don’t have to rely on credit cards in December. If your employer offers direct deposit, make saving even easier by having a set amount automatically deposited to this account. An alternative option is to set-up an automatic transfer from your account - we can help you with that.

If you put just $10 per week away starting in July, you’ll have more than $200 available for holiday shopping in December - and double that for next year!

The second key to being successful is to create a spending plan. Who are you buying gifts for? How much can you afford to spend on each person?

If you've already started saving, start shopping now. Summer is a great time to find treasures at yard sales that will make a magical gift without breaking your budget. You may even be able to add to your holiday decorations for a fraction of the cost.

Ready to get started, but want more help? Schedule a one-on-one session with one of our financial wellness coaches, register for an upcoming seminar or check out our online tools.