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Christmas Club Account for Taxes

It looks like December is so full of extra payments and of course those dreaded taxes we have to pay. Don't stress over them. Go open a Christmas Club now, to pay your taxes when they come due in December. It is well worth the effort.


You can have the bank deduct an amount from your account each month, or you can make a monthly payment. It is free of any charges (some banks pay you a small percentage of interest), and you can draw it out in early December before your taxes are due. You can also set up the amount you want your account to be. Figure out your taxes and take out a Christmas Club to cover all the expenses. You really won't miss the small amount of money coming out of your account each month. Not only is this smart, but economical as well.

By maphisx7 from Gordonsville, VA

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March 28, 20110 found this helpful

Very nice advice, everyone should do this. Then you wouldn't have to worry all year how you are going to pay your bills.

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March 29, 20110 found this helpful

I need to do this for Christmas presents too. Great idea.

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