Why experts say you should already start saving for next Christm - WGEM.com: Quincy News, Weather, Sports, and Radio

Why experts say you should already start saving for next Christmas

Posted:
QUINCY, Ill. (WGEM) -

Are you overloaded with credit card debt after buying Christmas gifts?? Well, you may be able to avoid being in that dilemma next year.

Bankers want to remind people to start thinking about opening Christmas savings accounts starting as early as January.

Christmas Clubs allow people to put away money regularly into an account that they don't have access to until November.

Bankers say it is a good idea because you may forget about all the little things that add up during the holiday season.

"You think you have everything budgeted out. Just the little gifts or the Christmas cards, or even travel so it is a good idea to start thinking about a Christmas Club account in January, February," said Erica Sniders of State Street Bank and Trust in Quincy. 

Check with your bank to see what their stipulations are on how much and how often you have to make deposits into your account.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WGEM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Woodworth at 217-228-6617. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.