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We’re in the thick of summer with sunshine, road trips, and backyard BBQs top of mind. But while December and Christmas might feel far away, now is actually the perfect time to start building a savings plan for the holidays (and for whatever else life throws your way).

Here at Middlefield Bank, we believe that taking a little time now to prepare for what’s ahead can save you a lot of stress during an already stressful time. Whether you’re planning for festive family gatherings, gifts under the tree, or a general emergency fund, here’s how you can feel prepared and in control this upcoming holiday season.

Why Start Saving Now?

The holidays can sneak up fast and so can unexpected expenses! Between the stress of coordinating travel, figuring out what to get everyone and how much to spend on it, your money can disappear faster than you can say, “where’d it all go?” That’s why July is a great time to set a financial goal and start saving.

Benefits of starting early:

• Spread out your savings over several months
• Avoid last-minute credit card debt
• Give yourself peace of mind and flexibility
• Build momentum for long-term savings habits

Use a Middlefield Bank Savings Account to Stay on Track

A traditional savings account is one of the easiest, most flexible ways to set money aside. Whether you’re saving for the holidays, an end-of-year vacation, or just a rainy day, a Middlefield Bank savings account can help you grow your money securely and conveniently.

Here’s why you need to start your savings with a Middlefield Bank savings account:

• Low minimum opening balance requirements
• Competitive interest to help your savings grow
• Easy online and mobile banking access
• No monthly fees on many savings options

It’s the perfect tool to help you start building financial confidence without complicating your life.

How to Build a Simple Holiday (or Year-End) Savings Plan

Here’s a step-by-step approach to creating a seasonal savings strategy that works, whether you’re focused on gifts or just building a financial cushion before the new year.

1. Set a Savings Goal: Figure out how much you’d like to have saved by November or December. Factor in gifts, travel, entertaining, and unexpected expenses. Use our quick and easy monthly savings calculator to determine your goal.
2. Break It Into Monthly Milestones: Divide your goal by the number of months remaining in the year. For example, saving $1,000 between now and December means setting aside around $200/month.
3. Automate Your Savings: Set up an automatic transfer from your checking to savings account each payday. This makes saving effortless and helps you stay consistent.
4. Track Your Progress Online: With Middlefield Bank’s online and mobile tools, you can easily check your balance and watch your savings grow in real time.
5. Avoid Dipping Into Savings Too Early: Stay focused on your goal and avoid tapping into your savings unless absolutely necessary. The more you save, the more prepared you’ll be come holiday time.

Tip: Don’t Stop in December

Once you’ve successfully reached your holiday savings goal, keep the momentum going! A savings habit started in July can turn into a cushion for emergencies, vacations, car repairs, or next year’s holiday season.

Whether you’re a first-time saver or rebuilding your emergency fund, Middlefield Bank is here to help you succeed.

Open a Savings Account Today with Middlefield Bank

Ready to start your savings journey? Our team is here to help you choose the right account, set a plan, and make your money work harder for you, all with local service and personalized support.

Stop by your nearest Middlefield Bank branch or connect with us online to learn more and open your savings account today.

Saving for the holidays, and really anything, is easier when you start now. Let’s do it together!