Start Saving Now for a Stress-Free Christmas with Boom

With Christmas just around the corner, it’s time to start thinking about how to manage the season’s expenses. From gifts and festive meals to decorations and events, the costs can quickly add up, making December a stressful time for many. The good news? Starting to save now can help spread the cost and make the festive season much more enjoyable.

At Boom Community Bank, we’re here to help you prepare financially for Christmas, so you can focus on what really matters—enjoying the holidays with your loved ones.

Why Start Saving Now?
Christmas might seem a while away, but by starting your savings plan early, you can reduce the financial strain that often comes with last-minute spending. Saving a little each week or month can make a big difference when it comes to covering Christmas costs.

Let’s say you aim to save £300 for Christmas. If you start now and save £25 a week, you’ll hit your target well before the festive season begins. Not only does this help you avoid dipping into credit or overdrafts, but it also gives you peace of mind knowing you’re financially prepared.

Top Tips for Saving for Christmas
Here are some practical ways to get ahead on your Christmas savings:

1. Set a Budget
   Before you start saving, take some time to think about what you’ll need to spend money on this Christmas. Factor in gifts, food, decorations, and any travel costs if you’ll be visiting friends or family. Setting a budget will give you a clear savings target to aim for.

2. Open a Separate Savings Account
   Having a dedicated Christmas savings account helps you keep your festive funds separate from your regular spending money. With Boom Community Bank’s easy-access savings accounts, you can open a separate account just for your Christmas pot, giving you 24/7 access when you need it.

3. Set Up Regular Savings
   Once you’ve set your budget, work out how much you need to save each week or month. Setting up a standing order to your savings account makes saving automatic, so you don’t have to think about it. This way, you can build your savings steadily in the run-up to Christmas.

4. Take Advantage of Payroll Savings
   If your employer offers Boom’s Payroll Savings Scheme, you can save directly from your salary. This means a portion of your wages goes straight into your savings account, making it easier to put money aside without even noticing.

5. Be a Savvy Shopper
   As Christmas approaches, look out for sales or discounts. Buying gifts and festive items in advance, when prices are lower, can save you a lot. Spreading your shopping over a few months also reduces the impact on your budget come December.

How Boom Can Help
At Boom Community Bank, we’re committed to helping our members manage their money and reach their financial goals—whether that’s saving for Christmas, an emergency fund, or something longer-term. Our savings accounts are designed to make it easy for you to put money away, no matter how big or small the amount.

And if you find that you could use a little extra help managing Christmas costs, Boom offers financial support to make sure the season stays stress-free. Our goal is to ensure you enjoy the holidays without the burden of financial worry.

As a not-for-profit financial cooperative, Boom is here for the benefit of our members. That means any surplus we generate is returned to you in the form of dividends or reinvested to improve our services. Plus, your savings are fully protected by the FSCS, so you can save with complete peace of mind.

Christmas Doesn’t Have to Be Stressful
The last thing anyone wants is to worry about money over the festive season. By planning ahead and saving early, you can enjoy a more relaxed and enjoyable Christmas. Whether it’s a little or a lot, every pound you save now will make a difference when Christmas arrives.

Start saving now!