Saving for Christmas

[pennypinchingmom]

My daughter, age 29, and I have always had a tradition of going out shopping the day after Christmas. We buy all of our wrapping paper and cards for the next season, and we begin to purchase some gifts, too. I always did this with my mom when she was alive. This year, I have saved my change all year, and I plan to use it for our annual trek to the mall. I have already accumulated over $120.00, which my daughter counts and rolls up whenever she visits. She started law school this year, so that money will really help her to buy her cards and begin to get some gifts. Last year she bought all of her cousins' kids Christmas books marked down 50% while we shopped December 26th. We always have fun, and we have fun saving money, too!

[buildmybudget]

That's great, what a great plan that you guys stick to each year!

[Ima saver]

I started a christmas club at a bank when I was in my early 20's. I still do this now, but not at a bank. I put aside $30 a week and keep track of it inside an interest paying savings account. I use to buy all my wrapping paper on sale the day after christmas also. A few years ago, I ordered many many gifts bags on sale at QVC and now I re use them every year.

[Radiance]

I'm kinda skipping chirstmas this year.
I will buy a tree ($30) and use whatever decoration I have from last year.
I set aside $20 to get some toys for my son.
Family and friends know my situation so nobody is expecting gifts, nor am I expecting any either.
I don't have any family nearby, which makes it easier to skip on gifts.
Last year was about the same.

[sgfinancialfreedom]

Great tip on saving money for Christmas shopping. I never knew prices were so marked down on Dec 26th.