Follow these 4 tips to be ready for the holidays

It’s finally September! We all know what this means---the holidays are just around the corner (or maybe a couple of blocks away)! As the Philippines begins the longest Christmas celebration in the world, it’s time to check if you are financially prepared for the upcoming festivities. After all, being the family’s designated Santa isn’t going to be easy on your wallet. And of course, you don’t want to be running away from your inaanak or skimping on your potluck dinner contribution. Here are a few tips to be prepared for the upcoming holiday season. 

1. Write your Christmas list as early as now

Start by making a list of the people you plan to buy gifts for. Keep in mind that this is the season of giving, but that doesn’t mean you have to drill a hole in your wallet by giving something to everyone you know. It might be a good idea to only include people that you actually care for and refrain from adding names just so you can please other people.

TIP: Apart from the gifts you plan on buying, consider adding other holiday expenses to your list like funds for Noche Buena and Media Noche, or any travel expenses you might need to cover during the season. 

2. Get creative with your gifts

While making sure your loved ones get only the best presents is important, it doesn’t mean that these have to be expensive. Gifts are way better when they are well thought of. Take a look at your list and think carefully about everyone in it. Ask yourself or even ask other close friends/family for more details about each person. What’s mom into lately? Is your best friend still following the latest fashion trends?  This will help you think of gift ideas that aren’t as expensive but are sure to be appreciated by the receiver.


TIP: Do you enjoy making things? Why not create the gifts yourself to save a little money? This way, it would mean so much more to the receiver as it truly comes from your heart. It can be small items like accessories, trinkets, or baked goods!

3. Plan your Christmas shopping 

Believe it or not, it’s okay to start your Christmas shopping as early as now. Work on your list in batches rather than in bulk. This way you won’t have to shell out huge sums of money in buying Christmas presents. If you plan on going out to shop, you can also map out a day when you’ll be shopping, the stores you’ll be visiting, and the things you’ll be buying to save time and minimize contact with other people.


TIP: When shopping online, take advantage of single-day sales like 9.9, 10.10, etc. Add the items to your cart first and check them out once they go on sale to save a little extra. 

4. Start a Christmas fund 

If you haven’t yet, start saving for your Christmas fund. Assign an existing savings account or open up a new one that’s designated for your holiday expenses. Work this around your monthly budget by adding all your projected expenses and dividing them among the months left before you need to spend it. Stay consistent and diligent when it comes to setting aside money so that you’re sure to reach your goal.


TIP: Make saving effortless by setting an automatic deposit to your Christmas fund savings account each time money comes in.

Don’t forget to make the most out of the money you save. With CIMB Bank, you can get as high as 4% p.a. interest for your Christmas fund!


You have three ways to enjoy higher interest. First, is to maintain minimum balance of PHP 100,000 in your UpSave and/or GSave account. Your second option is to grow your Average Daily Balance (ADB) by PHP 1,000 each month in your UpSave and/or GSave account to enjoy a higher rate on your savings. 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.


If you’re a student or a fresh grad aged 18-25 years old as of September 1, 2021, the CIMB Savings Starter Pack lets you enjoy a higher interest in your UpSave and/or fully verified GSave account. You only need to deposit at least PHP 500 each month and you can even get a Personal Accident Insurance coverage worth PHP 50,000 for FREE.

Find out how to get 4% p.a. interest when you maintain PHP 100,000 in your savings account with CIMB Bank here:

Click the link below to know how you can increase your ADB by PHP 1,000 to get 4% p.a. interest:

Learn more about the CIMB Savings Starter Pack when you visit the link below: 

Seize your life’s goals with CIMB Bank! Download the app and open an account now.


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

CIMB Bank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas. You may contact the BSP Financial Consumer Protection Department at (+632)8708-7087 or