topic Re: Does anyone still have a Christmas club ? in Community Chat

Does anyone still have a Christmas club ?

151949 — Sat, 01 Nov 2014 01:06:52 GMT

My DH says they don't exist anymore and have gone the way of the dinosaur. He also said that employers no longer have credit unions.

Re: Does anyone still have a Christmas club ?

Irshgrl31201 — Sat, 01 Nov 2014 01:11:13 GMT

No I don't have a Christmas club per say but I do have a CC with one of my banks that puts $5 into an account for every $40 I have spent on that card. I had almost forgot about it and it almost at $1000 so I will use some of that for last minute stuff because I am 80% done.

Re: Does anyone still have a Christmas club ?

Qwackertoo — Sat, 01 Nov 2014 01:14:40 GMT

We still have a credit union. A federal military installation is nearby. So yep, we still have one.

And yep they still have Christmas Accounts. I never did it . . . but last year I did . . . I'd put 100.00 a month in it . . . and then the BIG bill in December didn't seem so bad. Doing it again this year. We'll probably spend more . . . but it helps.

I really love our credit union and all my "you name it accounts". My husband doesn't like all my accounts . .. and I say . . . well I could be spending it which shuts him up pretty dang quick!!!

Re: Does anyone still have a Christmas club ?

Johnnyeager — Sat, 01 Nov 2014 01:17:36 GMT

Christmas Club! I haven't heard that term in years. My mother used to do it, $5 or $10 dollars a week and she built up a tidy sum by December. I would be surprised if they still exist in that form.

Re: Does anyone still have a Christmas club ?

adelle38 — Sat, 01 Nov 2014 01:18:51 GMT

I belong to a Credit Union and they still have what they call Holiday Savings Accounts. As a child I had a Christmas Club account. I think I contributed 25 cents a week. It helped teach me about saving and spending.

Re: Does anyone still have a Christmas club ?

greamy — Sat, 01 Nov 2014 01:26:57 GMT

My bank has not had this in many years, I really liked saving for the holiday spending. I still save, do it on my own terms. Always thankful when the shopping rolls around.$$$$$$$$

Re: Does anyone still have a Christmas club ?

Peaches McPhee — Sat, 01 Nov 2014 01:28:35 GMT

I put cash away all year long into a drawer. This year I have almost $600 cash for Christmas shopping. $20 here, $20 there adds up.

Re: Does anyone still have a Christmas club ?

brii — Sat, 01 Nov 2014 01:30:11 GMT

My husband has direct deposit at a credit Union. My accounts are at the bank. I know of people that have Christmas Club accounts. I set aside money on my own. I always liked that idea of a Christmas Club account

Re: Does anyone still have a Christmas club ?

Snowpuppy — Sat, 01 Nov 2014 01:49:55 GMT

Dow Chemical here in MI still has a huge employee credit union.

Re: Does anyone still have a Christmas club ?

newziesuzie — Sat, 01 Nov 2014 02:22:48 GMT

I've never heard of a Christmas Club but Credit Unions at companies are very popular. Sometimes they offer better things than big banks.

Re: Does anyone still have a Christmas club ?

ivey — Sat, 01 Nov 2014 02:24:07 GMT

I use a credit union, and yes, they still have a Christmas club or holiday something.

Re: Does anyone still have a Christmas club ?

sunshine45 — Sat, 01 Nov 2014 02:25:28 GMT

i do my own ""christmas club"" now. it is called the 52 week money challenge.....this year i did it two ways...... starting the first week of january and going from $1-$52 AND going from $52-$1. i am right on schedule!

i keep the envelopes in one of my jewelry cases.

https://www.affinityplus.org/Portals/0/Documents/Blog/52Week.pdf

Re: Does anyone still have a Christmas club ?

Charming1 — Sat, 01 Nov 2014 02:27:19 GMT

Still lots of credit unions around in fact I'm a member of two. I don't about Christmas Clubs...haven't had one in years.

Re: Does anyone still have a Christmas club ?

HisElk — Sat, 01 Nov 2014 02:37:41 GMT

We've been members of a credit union here for 25 plus years. Love them and their customer service is the best. They also have a Christmas Club available, so they still do exist.

Great way to save money during the year in order to have it ready when we need it for Christmas.

Re: Does anyone still have a Christmas club ?

Mom2Dogs — Sat, 01 Nov 2014 02:41:29 GMT

Our bank discontinued them years ago so I adopted the envelope method. Every pay day I put money back for Christmas...same amount every week and then when the end of November comes, I have all the money I (we) need for gift giving. I never go over my budget.

Re: Does anyone still have a Christmas club ?

Shorty2U — Sat, 01 Nov 2014 02:43:54 GMT

I don't have one but our bank (Local bank) still has them here.

My husbands job used to it but they stopped them about 10 yrs? ago.

Re: Does anyone still have a Christmas club ?

abbeythe 8th — Sat, 01 Nov 2014 02:44:59 GMT

When we were kids my brother and I had $1 Christmas Clubs. They must have been for only 50 weeks as I know we received $50. I haven't seen Christmas Clubs in forever.

There are still credit unions here.

Re: Does anyone still have a Christmas club ?

sophiamarie — Sat, 01 Nov 2014 03:06:51 GMT

Publix is employee owned and has a Credit Union.

Re: Does anyone still have a Christmas club ?

september — Sat, 01 Nov 2014 03:20:42 GMT

I remember my mom doing this back in the sixties. Didn't see the need for it then, and still don't.

Re: Does anyone still have a Christmas club ?

Qwackertoo — Sat, 01 Nov 2014 03:26:06 GMT

On 10/31/2014 september said:
I remember my mom doing this back in the sixties. Didn't see the need for it then, and still don't.

I don't "need" to do it. Just sets money apart . . . and adds another "you name it account" for my husband to "fuss" about. It makes saving money a "game" for me. I have my NMCP and NMHP and many other . . . ie. no more house . . no more car payment and "pretend" I'm still making those payments. It really ADDS up when you're not watching so to speak.

Kinda like layaway's . . . they went away like the dinosaur . . . for a good 10 or more years . . . and have made a come back . .. no I don't do them . .. but can see why or how some might NEED them . . . 1) a good hiding place at the store vs at home 2) spread the cost out over time for those that need it.