100 Days of Christmas Savings: Day 85, Open a Christmas Savings Account

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100daysaccountIf you’re anything like most people, you have a hard time hanging onto money that you are trying to save. In the back of your mind you know it is there waiting to be spent. It’s too easy to use it “just once” to buy a meal or new piece of clothing.

Before you know it, your Christmas savings are gone and you still don’t have any gifts! Dodge this problem with a Christmas club account at your bank or credit union.

A Christmas club account is basically a savings account that you deposit into all year long specifically for Christmas. You can start accessing your Christmas club funds in October, just in time for Christmas shopping! Having your Christmas money in a separate savings account like this makes it harder to transfer it to checking and spend it.

Additionally, lots of banks don’t let you withdraw money before the allowed date without paying a fee. Now there’s motivation to keep your money in your account!

Snag 100 Days to Christmas: A Daily Dose of Inspiration & Motivation for a Busy Holiday Season. Grab an ebook that begins on September 16, and leads you day-by-day toward a peaceful and meaningful holiday season. Also included is a companion workbook containing 31 interactive lists from ListPlanIt.com for all of your holiday gift, card, party, and meal planning needs! eBook buyers will get a code for a FREE 60-Day trial to ListPlanIt.com!

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