5 Tips That Will Get You Financially-Ready This Holiday Season

Speaking of reviewing your budget, even though Christmas is the time of giving, it doesn’t mean giving more than what you can afford. Check your Christmas list and see where you can cut costs. This could mean limiting the number of people you give gifts to.

You don’t need to give everyone you know a gift. Remember, giving gifts is not a requirement. Just focus on people who are close to you or have made an impact on your life. Try to keep your list as short and meaningful as possible. 

Holiday season means holiday sales, discounts, and promos. Malls, groceries, and online stores give you great prices as December closes in. Take advantage of these deals when shopping. You can also check out ongoing promos and offers from your credit cards to cut back on your spending. Keeping the savvy shopper mindset can make a huge difference in your budget. 

It’s tempting to shop for everything on your list in one go with our busy schedules. But it’s best to shop in batches. That way, you’ll have time to compare prices. You can also avoid spending too much in one go when you go through your Christmas list little by little.

If you really don’t have time to shop in batches, you can shop online instead. You can easily compare prices, and you’ll have plenty of time to think about the items you’ve added to your cart. You can also get Free Shipping if you have enough items to Check Out.

The best way to financially prepare for the holiday season is to already start setting aside money for your holiday funds. To make it even better, opt to keep your holiday funds where it can grow, like in a high-interest savings account. 

At CIMB Bank, you’re a step closer to your financial goals with up to 8% p.a. interest on your savings! Enjoy 4% p.a. interest in two ways. Just maintain a minimum balance of PHP 100,000 or grow your Average Daily Balance by at least PHP 500 every month in your UpSave and/or GSave account. Earn an additional 2% p.a. interest by paying your Personal Loan Installment due or REVI Credit Minimum Amount Due on time. You can also earn additional 2% p.a. by transacting with a minimum of PHP 500 on the all-new CIMB Bank PH app. Average Daily Balances in excess of PHP 200,000 will earn 2.5% p.a. for UpSave and 2.6% p.a. for GSave. Plus, if you maintain a minimum of PHP 5,000 in your account, you are eligible for FREE Life Insurance coverage that’s worth your ADB up to PHP 250,000.

Click the link below to learn how you can earn up to 8% p.a. interest on your savings:

Deposits are insured by PDIC up to P500,000 per depositor.

CIMB Bank Philippines, Inc. is regulated by the Bangko Sentral ng Pilipinas as a Commercial Bank. You may contact the BSP Financial Consumer Protection Department at (+632)8708-7087 or consumeraffairs@bsp.gov.ph.