Personal Finance News Saturday 7/6

Phil's Personal Finance Tip of the Day:

Why Planning for Christmas in July Makes Sense

From Work Save Live.com

Even though hot temperatures of July are as far removed from winter in December, starting your holiday shopping plans in the middle of summer can do wonders for your budget and satisfy your love for gift-giving. There are many Christmas in July-type celebrations people enjoy but it should be a reminder to all consumers that the holiday spending spree is just 6 short months away and it is a perfect time to start planning and saving for the holiday rush.

Save Money on Christmas Shopping

Here are 5 tips that can help get you into the holiday spirit – if only financially speaking:

Calculate Your Money

From the first day of July, there are approximately 19 full weeks to work on saving before the big holiday. If you multiply 19 weeks by $50 a week set aside, you’ll have saved $950 by the week before Christmas day. If that amount is not enough or you plan to head out to the Black Friday sales, you’ll have to rearrange your math a little to get you to your goal. Make sure to mark it on your yearly calendar that as of the first of July you need to get your plan in place.

To read the entire article from Work Save Live.com:
http://www.worksavelive.com/why-planning-for-christmas-in-july-makes-sense/


Inspirational Quotes@Inspire_Us from Twitter:
It is better to look ahead & prepare than to look back & regret. -Jackie Joyner-Kersee


Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com.