BBB Chief Exective Jim WinsettQ. I spent a little more than I wanted to over the holidays and I used credit cards that I would rather not look at the bill right now. Does the BBB have any advice on how to manage or save money so the same thing doesn’t happen again next year?
A. Now is the time to plan ahead so the 2013 holidays are merry and bright, not overshadowed by looming debt.
Starting a Christmas Club account might be the perfect way to get your finances off to the right start this New Year. The Better Business Bureau is advising consumers to plan ahead and make the upcoming year’s holiday season easier on the family finances by setting up a Christmas Club account now.
Traditionally, Christmas Club accounts have been offered at credit unions and most banks.
Customers can set aside a small amount of money every month into a savings account until the fall, when they can then start making withdrawals to pay for holiday expenses. Along with taking the time to shop around for the best interest rate, it is also important to read all of the fine print that accompanies such an account.