We are less than six months away from Christmas 2013 and if you haven't started a savings plan, it's a good time to start. While you might have the perfect gift in mind, the last thing you need to do is us plastic to pay for it! No one wants to be paying off Christmas this time next year.
I reached out to friends on my Maureen O'Boyle WBTV page to see how they are saving money and one idea jumped off the page for me. Debra Stewart wrote: ‘We never spend $5 bills. We set up a special account and deposit once a month and then at Christmas we don't break the bank on our 6 grandchildren. Works great!'
It is a simple concept! How many times do you end up splitting up a 20 dollar bill with a couple of ones, and a five. Debra's six grand kids had a fantastic Christmas last year and she says it all started with a five dollar bill.
To look at the pictures of the children unwrapping presents, you'd think they would have broken the bank to pay for all the goodies, but Debra tells me if you start small it hurts less.
Also consider getting money taken right out of your paycheck and put away for the holidays into a Christmas fund, out of sight, out of mind. Joanie Johnson says if it wasn't for her credit union fund she'd be in trouble come Christmas. When I asked her if she likes to spoil her grand kids, she said, "Who doesn't?"
So take simple steps today, maybe get everyone in the family in on the idea. You'll be surprised how quickly your stash will add up and save you a little stress come Christmas shopping season.
I'd love to hear how you save money for your family. Go to my facebook page and share your ideas.
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