Pete the Planner’s Holiday Savings League

Holiday_Logo.2.1.1The holiday season is wonderful – until January and February come around and you have to pay for all the financial mistakes you made during the holidays. The holidays tend to make us victims of our love for our loved ones. In other words, we spend too much money on gifts, and then have to scramble to pay for it in January and February.

This is why we created The Pete the Planner® Holiday Savings League. Accountability for saving for the holidays, in advance. So how does it work? You begin by making a list. No, not the naughty and nice list. This is your holiday buying list. Who will you buy for this year? How much will you spend on each person? It will look something like this:

Neighbors: $45
Dad: $65
Mom: $65
Friend: $20
Kid #1: $250
Kid #2: $250
Spouse: $165
Teachers: $60
Niece: $40
Nephew: $40

Step two is to total it up. For this example: total = $1,000

Finally, you’ll divide your total by four: total divided by 4 = $250

Why four? Because this is the number of cash withdrawals you’ll be making over the next few months leading up to the holidays. Withdrawing $1,000, or whatever your particular savings goal is, all at once is difficult for many to do. Breaking the goal down into four chunks makes your goal more attainable.

Keep in mind these are CASH withdrawals.Yes, the cash part is very important. As you withdraw your savings you’ll keep it in a special envelope for holiday spending. As you begin holiday shopping you’ll use your cash envelope until it’s empty. When it is, your shopping is done. End of story.

We’ll get into the more gritty details as we get into the program. For now though, it’s time for you to get started! Click here to register.