Holiday Budget Planner

"Interest if carded" is what the same $1,350 would cost in interest on a 22% APR credit card paid off over 6 equal monthly payments. Saving $270 a month for 5 months instead keeps that money in your pocket.

Where the money goes

A sinking fund is just a savings bucket you fill a little each month so December doesn't hit your budget all at once. Set up an automatic transfer of $270 and the holidays are pre-paid.