The “ber” months (September, October, November, and December) are here, signaling that the holiday season is just around the corner. While this time of the year brings joy and many festivities, it can also strain our wallets with all the holiday shopping, travel, and get-togethers with family and friends. Here’s a quick guide from CIMB Bank Philippines to help you prepare your finances for the “ber” months, ensuring that you enjoy the season without the stress of overspending:
Start a “No-Spend Weekend” challenge
Add a twist to the way you save for the holidays by having one or two “no-spend” weekends each month leading up to the holidays. During these weekends, your entire household can get together to avoid unnecessary spending on eating out, shopping, or entertainment. Instead, plan equally fun yet free activities like test cooking a new dish at home, having themed movie nights, or exploring free public attractions. The money you save from these no-spend weekends can go straight into your holiday fund.
As the holiday season approaches, it’s easy to get busy and rely on takeout. You can save money by creating a meal plan and batch-cooking meals in advance and freezing them. This way, you’ll have home-cooked food ready during hectic days, cutting down the temptation to order in when you no longer have the energy to cook. This can help save you money, which you can further add to your holiday spending.
Plan experiences instead of expensive gifts
Throwing big parties can be expensive, so you can explore alternative ways that are equally enjoyable. Host a holiday game night or scavenger hunt with your inaanaks, organize a bring-your-own-bibingka party, or plan a day trip to the beach with your friends and loved ones. These experiences can also leave as many happy memories as thoughtful gifts can.
Keep your holiday fund safe, secure, and easily accessible
With the hustle and bustle of the holidays, time-consuming tasks like heading to the bank and lining up for hours should be the least of your concerns. Many banks have gone digital, which makes managing your finances even more convenient. You don’t even have to step into physical branches anymore, as digital-only commercial banks like CIMB Bank PH allow you to conveniently open an account and do your transactions all within its mobile app. Whether you’re putting away funds for holiday budget or safekeeping part of your much-awaited Christmas bonus, CIMB’s Fast Plus and UpSave savings accounts allow you to easily manage your money while offering better interest rates than most banks.
In less than 10 minutes, you can open your own CIMB savings account easily on the CIMB app. There is also no minimum deposit or maintaining balance required, so it is easier for you to start saving and maximizing your money for the holidays and beyond. If you’re a fully verified GCash user, you can also opt to open a GSave account and link it to the CIMB mobile app for easier financial management while giving you access to the full suite of CIMB product offerings.
You can also maximize financial tools like CIMB’s MaxSave Time Deposit to reach your holiday saving milestones. This next-generation time deposit not only offers high interest rates of up to 6.5% per annum, but also gives you flexible tenure options from three to 24 months. For example, you can already place your savings at the start of the “ber” months for it to reach maturity in time for the Christmas season, allowing you to maximize your savings.
Be prepared to enjoy the most wonderful time of the year with CIMB Bank PH. To know more about CIMB’s products, visit cimbbank.com.ph
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Hi! Let's all try to add more positivity in this world and adhere to the saying, "if you don't have anything nice to say, keep silent."
Showering you with unicorn poop so you'd always stay magical! Heart heart!