But, next year I'm going to be telling a different story. Why? Because I visited my credit union a few weeks ago and opened up a Christmas club account. I was standing in line waiting to do business with the teller when I looked over and saw the sign, "Open your Christmas club account today."
Quite honestly, I didn't know Christmas club accounts still existed. But, with the stroke of a pen on a few forms, I'm already planning for Christmas 2010. And you can too.
What you should know:
- Start your Christmas account in December (why put it off?). That way if you invest a small amount ($5-$10) every week, you’ll be looking at a sizeable amount come November when your funds become available.
- Many banks and credit unions don’t advertise Christmas clubs, but almost all offer them. Talk to a teller or banker about opening one.
- Start a budget for next Christmas now, and stick to it. Then, whatever is accumulated by November 1st, is all that you will spend for the holidays--nothing more. I committed to $20/bi-weekly, and I have it direct deposited directly into my account from paycheck. Plus, the credit union will make my last payment for me. That's a whopping $500 that I'll have saved for Christmas next year.
Lisa Maria Carroll, is one of the 3 women, along with Kim Crouch and Tina Fortune, who are on the Millionaire Journey. You can follow us on the Journey by joining the Facebook Fan Page at http://www.facebook.com/#/pages/Millionaire-Journey/165487378056?ref=ts or the Millionaire Journey blog at http://1yearmillionaires.blogspot.com