Money Saving Wednesday..Christmas Club!

January 01, 2010 Comment

Really…I am posting late because I wanted to leave yesterday’s post up long enough for everyone to see it and get in on the give away fun. If you missed it please check the last post. You won’t want to miss out!

This year I told you I want to do a few more things which will focus on dealing with the economy and financial hard times. This means more ideas for saving money and more ideas for making money as well. What are your most successful belt tightening ideas? Please share them here or in our yahoo group. We really would appreciate any you may have.

I remember when I was little that my mom had a Christmas Club Account at the bank. Each week we would go in and she would add $2.00 to her account. When Christmas came that was her gift money. I remember being fascinated by that account and it wasn’t long until our school began a savings program. We would bring in our $.25 each week and we would watch it grow. How I wish banks and schools still promoted those money saving practices.

This year I would encourage all of you to take up the challenge and begin your own Christmas Club account. You don’t have to use the bank, just get a bottle or use the cookie jar and start putting something aside each month. If you saved just $5.00 per week from now until Thanksgiving you could have enough saved to pay cash for all the special foods you want to purchase for Thanksgiving, Christmas and New Years Eve! If you saved just $10.00 a week until Thanksgiving you could pay for all of your Christmas gifts with cash! That is, if you spend what the average family spends, $450.00. No matter the amount set aside some each week to be used for a specific purpose next December with the added comittment that the credit card will stay where it belongs, in your wallet!

We actually made it through the holiday season this year without credit card expenses and it is an incredible feeling. We saved ahead of time, and gifts were smaller, but fancy foods and gifts are not the important things in life. Being with our family and being stress free after the holiday because we don’t have that bill hanging over our heads, is the real gift.

Why not have your children start an account too? Help them start good savings habits now.

I’m going to be asking… so get out the jar today and add your first deposit.

Start posting and linking and win our first give away of the year!!!

DON’T BE LEFT OUT !!!