Thursday, December 14, 2006

How to pay for Christmas

How are you going to pay for Christmas this year? Did you save money throughout the year? Surely you knew Christmas was coming, right?

I saved a little bit of money each payday, and had it automatically sent to my Freedom (Smart Money) account at INGDirect. So, when I was ready to go Christmas shopping all I had to do was log in to ING and have the money transferred to my checking account. It only took 2 days for the money to get there, and I was all set to shop.

You don't have to make much money to do this. Five dollars a week adds up to $260 a year, and you won't even notice it coming out of your paycheck. Five dollars is easy to forget about.

If you are thinking that $260 is not even close to what you need for Christmas, then by-all-means save more. Whatever you do, do not touch those credit cards. STEP AWAY FROM THE CREDIT CARDS!

If you didn't save money for Christmas, now is the time to start saving for next year.