6 ways to plan ahead for Christmas to help you save

Ready to sleigh Christmas spending this year? While the festive season is quickly creeping in on us, getting ahead of holiday planning is the best way to avoid budget blowouts and it could mean more cash for all the things you want to enjoy.
From clever budgeting tricks to early-bird gift strategies, here’s how to get festive without losing sight of your financial goals.
1. Start a Christmas budget asap!
Create a budget that includes everything from gifts and travel to Christmas dinner and those little extras, like decorations. Aim to set aside a small amount weekly, so when the festive fun arrives, you’ve got a nice cushion ready to go. Need a hand? Our budgeting tool can help map out a spending plan in a flash.
2. Lock in your travel early
December is peak travel season, so the sooner you book, the better. Whether it's flights, accommodation, or a car hire, securing travel plans early can help you avoid hefty last-minute fees. Even setting alerts for fare deals can mean snagging cheaper rates! And don’t forget travel insurance; compare policies early to cover your bases without overspending.
3. Create a gift list and start sale searching
Instead of braving the holiday rush, list everyone you’ll need gifts for, along with some present ideas. Then, keep an eye out for pre-Christmas sales, like Black Friday or Cyber Monday, and start ticking off your list without the December scramble.
4. Avoid holiday debt with a dedicated savings account
A great way to steer clear of debt is to set up a savings account just for holiday spending. Consider a high-interest account to get a little boost on your savings and pop in regular deposits so you’ll be ready when it’s time to spend.
5. Go DIY for décor and gifts
Embrace the magic of a handmade Christmas! From DIY decorations to baked treats as gifts, a little creativity can go a long way. Pinterest and YouTube are your best friends here, loaded with ideas that look just as good as the store-bought versions without the price tag. Plus, a personalised, handmade touch can be more meaningful than anything you can buy.
6. Keep track of spending to avoid surprises
It’s easy to get swept up in Christmas shopping and forget your budget. Keep a running list of expenses, whether it’s a spreadsheet or a simple note on your phone. This helps you stay on top of costs and avoid any nasty surprises come January, when we’re all nursing that dreaded Christmas spending hangover.
A little planning can go a long way in keeping the festive cheer alive without stretching your budget. So this year, why not make a list, check it twice, and compare savings accounts below to help you get there?
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Promoted
Savvy Saver Account
- Maximum rate
-
4.90
%
p.a.
(for $0 to $100,001)
- Standard rate
-
0.45
%
p.a.
(for $0 and over)
- No minimum balance required
- Move money in and out and still earn interest
- Transfer or make payments using the mobile app
- Standard rate
-
Balances from $0: 0.45% p.a.
- Maximum rate
-
Balances from $0: 4.90% p.a.
Balances from $100,001: 0.45% p.a.
- Maximum rate conditions
-
Minimum of $500 deposited into a linked P&N & Transaction Account, and at least 5 eligible Visa Card transactions made from that linked account.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
BPay, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
Must link to a transaction account
- Other benefits
-
-
Read reviews and learn more about P&N Bank savings accounts
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Promoted
Boss Saver
- Maximum rate
-
4.90
%
p.a.
(for $0 to $100,001)
- Standard rate
-
0.45
%
p.a.
(for $0 and over)
- Bonus interest for the first four months
- No minimum balance, ongoing fees or withdrawal penalties
- Manage your money easily on the BCU Bank app
- Standard rate
-
Balances from $0: 0.45% p.a.
- Maximum rate
-
Balances from $0: 4.90% p.a.
Balances from $100,001: 0.45% p.a.
- Maximum rate conditions
-
Minimum of $500 deposited into a linked BCU Access Account, and at least 5 eligible Visa Card transactions made from that linked account.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
BPay, Branch access, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
-
- Other benefits
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-
Read reviews and learn more about BCU Bank savings accounts
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Mozo experts choice awards won:
- Kick Start Savings - 2025
- Highly Commended SMSF Savings Bank - 2025
High Interest Savings Account
- Maximum rate
-
5.15
%
p.a.
(for $0 to $250,001)
- Standard rate
-
3.70
%
p.a.
(for $0 to $250,001)
- Easy set up, online and mobile banking app
- No fees, no minimum balance, no minimum monthly deposit and no minimum term
- Kick start your savings with the 4 month introductory variable rate
- Standard rate
-
Balances from $0: 3.70% p.a.
Balances from $250,001: 3.00% p.a.
- Maximum rate
-
Balances from $0: 5.15% p.a.
Balances from $250,001: 3.00% p.a.
- Maximum rate conditions
-
Bonus rate for the first 4 months from account opening, reverting to standard variable rate. Rate shown is for Personal customers and is subject to change. Different rates apply to Business/SMSF customers.
- Interest paid
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Monthly
- Account fee per month
-
$0.00
- Access
-
Internet banking
- Kids ages
-
-
- Minimum balance
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$0.00
- Other restrictions
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Must link to a transaction account. Minimum age for applying from a Rabobank Online Savings Account is 18 years.
- Other benefits
-
-
Read reviews and learn more about Rabobank savings accounts
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Life - 18-29 years old
- Maximum rate
-
5.00
%
p.a.
(for $0 to $30,000)
- Standard rate
-
0.40
%
p.a.
(for $0 and over)
- $0 monthly fees for account holders under 30 or full-time tertiary students
- Separate spending and saving for simple money management
- Use the debit card linked to your Choice account 5+ times per month for Spend&Save bonus interest on eligible purchases.
- Standard rate
-
Balances from $0: 0.40% p.a.
- Maximum rate
-
Balances from $0: 5.00% p.a.
Balances from $30,000: 4.50% p.a.
- Maximum rate conditions
-
Make 5 eligible card purchases per month with a Westpac Choice account and min 1 eligible deposit and account balance must not fall below $0 and should have higher balance on the last business day than at the beginning of the month in Life savings account.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
Branch access, Phone banking, Internet banking
- Kids ages
-
18 - 29
- Minimum balance
-
$0.00
- Other restrictions
-
Must hold a Westpac Choice transaction account.
- Other benefits
-
-
Read reviews and learn more about Westpac savings accounts
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Savings Maximiser
- Maximum rate
-
5.00
%
p.a.
(for $0 to $100,000)
- Standard rate
-
0.05
%
p.a.
(for $0 and over)
- Zero ING fees to pay
- Move money easily via app
- Experts Choice Awards Highly Commended Everyday & Savings Bank 2025^
- Standard rate
-
Balances from $0: 0.05% p.a.
- Maximum rate
-
Balances from $0: 5.00% p.a.
Balances from $100,000: 0.05% p.a.
- Maximum rate conditions
-
For customers who deposit $1000 from an external source into a personal ING account (excluding Orange One and Living Super), make 5 eligible transactions and grow their nominated Savings Maximiser account each month so there is more in the account at the end of the month than there was at the start of each month (excluding interest). The total bonus interest rate is available on balances up to $100,000 on one Savings Maximiser the next month after meeting eligibility.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
Phone banking, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
Must be linked to an Orange Everyday transaction account to receive the bonus rate. Where multiple Savings Maximiser Accounts are held, the bonus rate is only applied to one nominated account.
- Other benefits
-
No minimum deposits or transactions needed to receive bonus rate when linked with Orange Everyday Youth Account
Read reviews and learn more about ING savings accounts
Go to site -
Savings Accelerator
- Maximum rate
-
4.95
%
p.a.
(for $150,000 to $500,000)
- Standard rate
-
2.35
%
p.a.
(for $0 to $50,000)
- No monthly deposit requirements or lock-in terms
- No ongoing fees
- Experts Choice Awards Highly Commended Everyday & Savings Bank 2025^
- Standard rate
-
Balances from $0: 2.35% p.a.
Balances from $50,000: 3.25% p.a.
Balances from $150,000: 4.20% p.a.
Balances from $5,000,000: 0.00% p.a.
- Maximum rate
-
Balances from $0: 3.10% p.a.
Balances from $50,000: 4.00% p.a.
Balances from $150,000: 4.95% p.a.
Balances from $500,000: 4.20% p.a.
Balances from $5,000,000: 0.00% p.a.
- Maximum rate conditions
-
New ING personal savings customers who open an account after June 9 2025 receive an introductory bonus 0.75% p.a. variable kick starter rate for the first 4 months on balances up to $500,000. Reverts to variable ongoing rate.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
Phone banking, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
Must link to a transaction account
- Other benefits
-
-
Read reviews and learn more about ING savings accounts
Go to site -
Boss Saver
- Maximum rate
-
4.90
%
p.a.
(for $0 to $100,001)
- Standard rate
-
0.45
%
p.a.
(for $0 and over)
- Bonus interest for the first four months
- No minimum balance, ongoing fees or withdrawal penalties
- Manage your money easily on the BCU Bank app
- Standard rate
-
Balances from $0: 0.45% p.a.
- Maximum rate
-
Balances from $0: 4.90% p.a.
Balances from $100,001: 0.45% p.a.
- Maximum rate conditions
-
Minimum of $500 deposited into a linked BCU Access Account, and at least 5 eligible Visa Card transactions made from that linked account.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
BPay, Branch access, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
-
- Other benefits
-
-
Read reviews and learn more about BCU Bank savings accounts
Go to site -
Savvy Saver Account
- Maximum rate
-
4.90
%
p.a.
(for $0 to $100,001)
- Standard rate
-
0.45
%
p.a.
(for $0 and over)
- No minimum balance required
- Move money in and out and still earn interest
- Transfer or make payments using the mobile app
- Standard rate
-
Balances from $0: 0.45% p.a.
- Maximum rate
-
Balances from $0: 4.90% p.a.
Balances from $100,001: 0.45% p.a.
- Maximum rate conditions
-
Minimum of $500 deposited into a linked P&N & Transaction Account, and at least 5 eligible Visa Card transactions made from that linked account.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
BPay, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
Must link to a transaction account
- Other benefits
-
-
Read reviews and learn more about P&N Bank savings accounts
Go to site -
High Interest Save Account
- Maximum rate
-
4.85
%
p.a.
(for $0 to $100,000)
- Standard rate
-
0.00
%
p.a.
(for $0 and over)
- No monthly fees on any of your save accounts
- Split your money with up to 10 Save accounts.
- Set savings targets and track on the app
- Standard rate
-
Balances from $0: 0.00% p.a.
- Maximum rate
-
Balances from $0: 4.85% p.a.
Balances from $100,000: 4.40% p.a.
Balances from $250,000: 0.00% p.a.
- Maximum rate conditions
-
Deposit at least $500 to either Spend, Bills or Save account from an external source each month.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
Account can only be opened through iOS or Android app, but may be accessed through internet banking.
- Other benefits
-
Bonus rate applies across 10 accounts on balances of up to $250,000 combined.
Read reviews and learn more about ubank savings accounts
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Life
- Maximum rate
-
4.50
%
p.a.
(for $0 and over)
- Standard rate
-
0.40
%
p.a.
(for $0 and over)
- $0 monthly fees for account 18 years or older
- Separate spending and saving for simple money management
- Use the debit card linked to your Choice account 5+ times per month for Spend&Save bonus interest on eligible purchases.
- Standard rate
-
Balances from $0: 0.40% p.a.
- Maximum rate
-
Balances from $0: 4.50% p.a.
- Maximum rate conditions
-
Minimum one deposit and higher balance than at the beginning of the month
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
Branch access, Phone banking, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
-
- Other benefits
-
-
Read reviews and learn more about Westpac savings accounts
Go to site -
Bonus Saver
- Maximum rate
-
4.50
%
p.a.
(for $0 and over)
- Standard rate
-
0.20
%
p.a.
(for $0 and over)
- Bonus interest for the first four months
- No minimum balance, ongoing fees or withdrawal penalties
- Manage your money easily on the BCU Bank app
- Standard rate
-
Balances from $0: 0.20% p.a.
- Maximum rate
-
Balances from $0: 4.50% p.a.
- Maximum rate conditions
-
Bonus rate for the first 4 months from account opening.
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
BPay, Branch access, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
-
- Other benefits
-
-
Read reviews and learn more about BCU Bank savings accounts
Go to site -
Hi Saver
- Maximum rate
-
4.50
%
p.a.
(for $0 and over)
- Standard rate
-
0.20
%
p.a.
(for $0 and over)
- Earn bonus interest for the first four months
- No Minimum balance required
- Transfer or make payments using the mobile app
- Standard rate
-
Balances from $0: 0.20% p.a.
- Maximum rate
-
Balances from $0: 4.50% p.a.
- Maximum rate conditions
-
Bonus rate for the first 4 months from account opening
- Interest paid
-
Monthly
- Account fee per month
-
$0.00
- Access
-
BPay, Branch access, Internet banking
- Kids ages
-
-
- Minimum balance
-
$0.00
- Other restrictions
-
-
- Other benefits
-
-
Read reviews and learn more about P&N Bank savings accounts
Go to site
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