I like to shop, a lot over the Holidays. I'm sure the rest of you do as well. It is a very common thing for families to go into debt, either major or minor, in order to give gifts that is just money being dumped down the drain. At my local bank they have a Holiday Spending Program (Christmas Club Account) that I would like to tell you all about. A Christmas Club account is offered through many banks and credit unions as a way for people to save for the Holidays. Withdraws are not allowed and you can have money automatically deposited every week, biweekly, or monthly. Look at this scenario; if you manage to save $20 a week towards your CCA (think of making coffee at home instead of buying or packing a lunch a few times a week instead of eating out) from January 1st to October 31st you will have saved around $1,000! Some banks and credit unions offer interest on your money and others do not.
Even if your bank does not offer a CCA you can still make it a goal to save every week. Have "x" amount of money set aside in your savings account or start a "Christmas Fund Jar" where you save your cash every week and watch your money add up! The extra cash, even if it is only a few hundred dollars will come in handy for the Christmas season and make getting those after-Christmas bills a little less depressing.
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