Confession: I spent my savings to buy Christmas presents last year!
Not a well thought out plan. Christmas was awesome…savings is Zero!
Not this year, I have already set my Emergency Savings for 2013 to be $1800. Each month, ING (now called 360 or something like that) draws the set amount right out my account. This is not a big percentage of my income but it is a good start. Baby Steps!
So about Christmas…well, I think this is where a good old-fashioned Christmas Club savings will come in handy. Not only will it help out with the holidays but birthdays as well. I set up a category in my Cash Envelopes for Gift money. This should take care of both these areas for 2013!
Do credit unions have Christmas Club accounts anymore?
Next months goal…Regular savings