Saturday, November 27, 2010
Old fashioned holiday saving...
If you run into a problem finding a bank that offers a Christmas Club, or the CDs terms are too high consider opening an account with a group by pooling your money together. If you require that two signatures are needed to withdraw any funds it would cut down the temptation to take anything out early. Its also fun at the end of the term to get together with that group of family or friends to get your cash, have a little lunch, get caught up and then shop together to kick off the holiday season with a smile.
Another option that is super easy is simply saving all your ones over the year and then bundling them in groups of $100.00. This is something that my husband and I do at usually at the end of the year we have between $500.00 and $600.00 for shopping or a vacation. Its fun to watch the cash grow and the bank will convert it to larger bills for free when we are ready. You don't earn interest but because its so easy we both do it every time we shop with cash. My husband laughs because I don't call them One's any more, I call them "Fun's".
I hope you all have a relaxing Saturday!