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Being able to do all of that and simultaneouslysave moneyfor an emergency fund seems like a far-fetched fantasy.
Below are some expert-backed tips forsaving money and building your 2025 emergency fundduring the holidays.
A key strategy to balance holiday spending with saving is to establish a budget early on, Shirshikov said.
Allocate a set amount forgifts, travel and festivities, but be ruthless about cutting back on nonessentials.
He explained it doesnt have to be a large amount.
Even $20 to $50 per paycheck can add up over time.
Leverage Holiday Bonuses and Windfalls
Many people receive year-end bonuses, cash gifts or holiday overtime.
Shirshikov said this is a prime opportunity to give your emergency fund a substantial boost.
Shirshikov advised keeping your emergency savings in a high-yield savings account thats harder to access.
Meanwhile, use adifferent account or even cash envelopesfor holiday-related expenses.
Every dollar saved here can go directly into your emergency fund, helping you meet your goals faster.
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