Remember Christmas Clubs? They were started by banks, credit unions, savings and loans to encourage saving for holiday spending. Save all year, cash out in December.
For the history of Christmas Clubs, go here:
https://en.wikipedia.org/wiki/Christmas_club
A Christmas Club account makes more sense than credit card debt for holiday spending.
In my own budget I have a category labeled "Treats" to which I add a fixed amount every month to cover my online purchases (what I call "silly spending"). I always know how much is in my treat account, and spend accordingly.
Be an elf to yourself. Set up your own Christmas Club account in your budget. Your holidays will be merrier without a credit card debt hangover.
Cheers!
Penny Pincher
No comments:
Post a Comment