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How Are You Saving for the Holidays?

How Are You Saving for the Holidays?
It's already time to start planning for Christmas. Instead of scrambling to scrape together cash at the eleventh hour, we have a surefire way to help you budget well in advance.

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i send a set amount out to an account no matter wut from my weekly pay as well as otha funds that come to me. i don't have a debit card for that account, thatz how i save for it. lol. yeah i did enjoy those account bacc than. lol  at the coffee tin @homewinemaker.

My credit union has a "holiday" and "vacation" club option.  The Holiday account is transferred to my checking at the beginning of November.  I can withdraw, without penalty from the vacation club twice per year.  I use them both.  I usually have a list of gifts I purchase for the holidays and the vacation account is for extras while I'm on vacation, or just money to use when/however I choose.  Last year, since there was no travel, I used the money for car repairs

Who remembers the Christmas Club accounts that the banks used to offer years ago? This was a great way to save money for the holidays so you knw what you had saved and thus didn't have to overspend and had a set budget. Sadly the banks did away with these accounts years ago for some unknown reason. Since then this is how I save money for the holidays: I have a large coffee can and tape the lid shut. At the end of each day I deposit all my change and any one and five dollar bills. At the end of the year, I have holiday money. With this I know exactly how much I have and don't overspend. There's nothing worse than receiving credit card bills in January

Save as a regular budgeted category year round. This is how I save on the gifts themselves. Purchase gifts year round. Purchase at thrift stores and yard sales. Purchase at discount stores like Marshall's. Purchase at local places for locally grown/ made products. Make some gifts. Use discounted postage to mail gifts.

Last edited by Olivia
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