By
eHow Personal Finance Editor
Difficulty: Moderately Easy
Things You’ll Need:
Step1
Decide how much money you will need. In addition to Christmas gifts, remember to factor in decorating, entertaining and holiday travel plans.
Step2
Divide that amount by 52.
Step3
Write down that figure. You will have to set aside that amount each week to achieve your goal.
Step4
Consult your local bank for a Christmas club or simple savings account that allows you to make a deposit weekly. Look for an account that gives interest.
Comments
Lindah said
on 5/24/2008 This really works. I started doing this as a teenager and I have not stopped. I don't save weekly but I so it monthly.
Lindah said
on 5/24/2008 This really works. I started doing this as a teenager and I have not stopped. I don't save weekly but I so it monthly.
danasurvey said
on 12/4/2007 One thing that has really helped me and my family is making money online:
http://proof-of-payment.blogspot.com/
It has been an absolute God send and keeps me from going into any debt.
Anonymous said
on 8/8/2006 Starting in early January, have everybody in your family put a twenty dollar bill in a box, then store the box away in a safe place until the next month. Each month, all those twenties will add up, then when it's time to go Christmas shopping, get the family together to make lists of things everybody wants for Christmas. Divide the money evenly, depending on the number of people in your family. Give everybody in your family an envelope to put their money and their Christmas lists in before you leave to do your shopping. This way, everybody has enough money to buy gifts for each other for Christmas.
Anonymous said
on 11/30/2005 Shop at speciality, one-of-a-kind stores and you can keep what you spent a mystery...If you shop at the Gap, everyone knows what you spent because everyone has a Gap or can look at gap.com...If you shop at the little neighborhood store, no one knows if you spent $20, $40, or $60