Works For Me Wednesday
I heard the coolest tip the other day that I have not yet tried out for myself but if it well, actually worked, could be a great way to save Christmas money!
I have a friend who has opened a savings account at the bank inside her Walmart. Every time she shops there, she writes her check for $10-20 over the amount and promptly deposits it into savings. She does this all year and has quite a chunk to use towards her Christmas shopping..
I thought this sounded fabulous! Though I think you have to have a spare $100 lying around to open the account which could be an issue, in theory I can’t think of an easier way to somewhat painlessly save for Christmas!
We’ll see if it Works for Me!
See other great tips at Rocks In My Dryer.
A very smart and easy way to get ready for Christmas! Thanks.
I keep saying that everytime I go to walmart I’m gonna get $5 or $10 in cash and HIDE it in my house…to save for Christmas. I need to start NOW! :)
Walmart will let you save money there?
I’ve never heard of such….=)
Great idea! I like to start planning in Sept and then do actual shopping Oct and by 31 Oct, I like to be done.
But it hasn’t happened like that for a year or two.
My mother has always had an amount put directly into a Christmas account at her bank. They release the funds in early November. I keep saying I need to do this.
That is a clever idea.
I have also heard of just buying a gift card if you do most of your shopping at Wal-Mart (and we do with kids and parents wanting useful stuff). Then you don’t have to worry about whether the bank is open. Just buy one gift card, actually, and add money to it when you are checking out. Just make sure you don’t break down and use it to buy groceries at some point :)
ING Direct has high interest savings accounts with no minimums, so you don’t have to worry about having a minimum to open the account, or about what you have to leave in the account to keep it open after Christmas.