If you’re just starting to think about your holiday budget, I’ve got a really simple way to save: Start a separate bank account just for your holiday shopping.
Check your budget to see what you can spare for buying gifts, then designate part of your paycheck to automatically go into the account. Set it, forget it and don’t touch that account until you’re ready to do your shopping.
With that money directed into a special account where you don’t see it, it’s easy to avoid the temptation to spend it on other things.
Get $150 When You Open a New Checking Account With Santander
If you’re a new customer, Santander Bank will give you $150 for opening a new checking account. Use this account to hold your holiday savings, and you can start the New Year with free cash!
The offer works for Basic, Classic and Premium checking accounts, which offer a variety of options to fit your needs.
Here’s how the deal works:
1. Open an eligible new Santander checking account with a minimum deposit of $25. Just click on the orange “Open Account” button below. (if you prefer, they’ll send you a coupon code to open your account in person at a local branch.)
2. Have direct deposits totaling $500 or more within the first 90 days.
3. Keep your account open for at least 90 days.
4. Once you meet these conditions, your $150 will be paid within 30 days.
Start Your Holiday Savings Fund Now
Open your new checking account with $25 today. Direct deposit at least $500 into it before Christmas — that’s about $45 per week — and tap into it for holiday shopping.
Then, just when you think you’re drained from holiday expenses, Santander will give you a $150 bonus by February.
Not a bad way to start the New Year.
This deal is good until December 31. But if you want to start saving for Christmas, I think you should get started today.
Your Turn: Do you use a separate bank account to save money for the holidays?
Disclosure: Some of the links in this post are affiliate links. We would have shared them with you anyway, but a true “penny hoarder” would be a fool not to take the company’s money.
The post Start Saving for the Holidays Now, and This Bank Will Give You $150 appeared first on The Penny Hoarder.
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