This is a great way to save, if you have a bank that does this. If not, start one on your own. Take the amount you need to start an account, so you don't have to pay fees, then add. I used my "Christmas" account for my property taxes. Too bad, it won't cover them any more! But I still save. My bank rounds up the cents on my debit card purchases. Every penny helps.
We don't have a Christmas Club account, but we do make or buy presents throughout the year. Starting in January. I prefer handmade gifts and I give mostly handmade gifts. I usually make everyone at least one or two knitted dishcloths. They are really good for washing dishes. I also make knitted or crocheted scrubbies for scrubbing pans and such.
This is just the way we do it.
Even though my parents had a Christmas club account when I was a child ( in the 80's), my mom collected ALL the change from couch cushions, my father's forgotten pockets, anywhere she found it. Over Thanksgiving break we would sit around and roll it..before the machines that do it for you. I remember one year this large 5 gallon bucket paid for Christmas & a trip to Florida to visit family!
I did a post on saving for Christmas the "old fashioned way".
http://savingspotpourri.blogspot.com/2008_08_18_archive.html
The envelope method has never let me down! My bank does not have Christmas Club accounts anymore.
I also posted on getting back to its the thought that counts.
http://savingspotpourri.blogspot.com/2008_08_22_archive.html
If you have time take a look.
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(Archived Oct 06, 2008)Christmas Club Accounts
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