Today is June 25, which marks the six-month point to the 2008 holidays! Hanukkah begins on December 21 this year, the 25th is of course Christmas, and Kwanzaa begins on the 26th. There's a good chance you know which friends and relatives will be receiving gifts this year from the little elf in you, so there's no excuse why you shouldn't begin setting aside money now for the holiday season.
Credit card balances typically surge during this retail prime time and you don't want your balance to be one of them. Charging a $100 gift on your credit card and not paying it off immediately means that you're paying more for the gift than its retail price. Prevent going into debt from holiday spending by starting to save a bit each month. If you're already transferring money from your checking to savings regularly, simply up the amount that's automatically moved to account for your holiday gift fund.