ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Make This a Cash Christmas

Updated on August 30, 2009

I know that it is only August when I am typing this, but really you can be preparing for Christmas all year long. You don't have to think about gifts all year and constantly buy things, but at least save money throughout the year so that you can have a cash Christmas. Can you imagine having the money to buy all your gifts ahead of time and not charging anything to your credit card this year? For many people this isn't an option because they don't plan ahead. Start saving now so that you don't have to use the credit card this year.

I save money all year long into a separate account to cover all holiday spending. It isn't much each pay period, but it adds up and by the end of the year we have $400 or so to spend on Christmas. I like having it saved ahead of time, but I also like being able to pick up a perfect gift I might happen upon throughout the year, without worrying about fitting it into our budget. I can use my cash for Christmas any time of the year. I am not actively looking for Christmas gifts all year long, but if I find the perfect something or if I find a great gift on clearance, I can buy it. It makes it easier come holiday time and I think it makes for better gifts.

If you haven't been saving money all year long, it is not too late to start saving now. You can set aside any amount from your paychecks specifically for Christmas or holiday spending. If you don't have extra try to think of a way to earn extra. Maybe picking up some overtime, or getting a second job. People that get paid every other week will have what is considered an "extra" paycheck twice a year (those two months where there are three paychecks). You could set aside a chunk from that to cover Christmas spending.

For the future, consider setting aside money each month all year long, or plan on setting aside part of a tax return if you get one.  Many banks offer special savings accounts for holiday spending.  They automatically transfer money from your checking into a holiday account each month.  It is only available for withdrawal in October, just in time for holiday shopping. 

You could also save your change, send in for rebates, start using coupons, etc all to go towards your holiday spending. Trust me; it will make for a much more enjoyable holiday time if you pay for your gifts with cash. And just think of the New Year without new debt to worry about. Thinking and planning for the holidays now will certainly be worth it.

Comments

    0 of 8192 characters used
    Post Comment

    • bayareagreatthing profile image

      bayareagreatthing 

      9 years ago from Bay Area California

      Really good advice for anytime of the year. Using credit has become a trap for many people. It is so hard to spend the entire next year paying for Christmas.

    • profile image

      dawn 

      9 years ago

      Do you remember when banks had Christmas Clubs? Our parents and grandparents remembered how important using cash was. Now it is time that we do to. Good reminder.

    • Nemingha profile image

      Nemingha 

      9 years ago

      I managed to have a cash Christmas last year and plan on doing the same again this year.

    • Dolores Monet profile image

      Dolores Monet 

      9 years ago from East Coast, United States

      You are right about the all cash Christmas. Why spoil a wonderful holiday by going crazy with the credit card.

    • advisor4qb profile image

      advisor4qb 

      9 years ago from On New Footing

      I am always shopping clearance racks, and sometimes I find great Christmas gifts that way! When you have as many to buy for as I do, every little bit helps!

    • dohn121 profile image

      dohn121 

      9 years ago from Hudson Valley, New York

      I've been thinking about this for the last year. This is a great idea (I'm sure the credit card companies won't like you for it!) The last things I want for my friends and family to do is go into more debt just to get lil' ole me a X-Mas present! All of us should be doing this!

    • thelesleyshow profile image

      TheLesleyShow 

      9 years ago from US

      Great information. I'm one of those people who is always stressed out at Christmas due to lack of money. I plan on stocking up at Wal-Mart next weekend and putting everything on layaway for this year. I truly enjoyed this HUB. Thumbs up!

    • jiberish profile image

      jiberish 

      9 years ago from florida

      Good information, nice Hub. This week was the first time I went into a trift store, and was amazingly surpirsed at the savings on general items. This will be a place I will shop also this year.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)