The Better Business Bureau (BBB) recently stated that opening a Christmas Club account this year with your credit union can help prevent financial debt during the holidays. They advise that a Christmas Club account is a good way to start saving money so that you can enjoy the holidays with gifts, celebrations, and any other holiday expenses. It is recommended that you consider last year’s holiday expenses and formulate a reasonable budget for this year.
Katherine Hut, spokesperson for the Council of BBB, stated, “A Christmas Club account is a great savings tool throughout the year and a perfect way for families to get a hold of their holiday spending.” Saving some money now, can save you from hassles later.
The Credit Union National Association (CUNA) also favored Christmas Club accounts by stating that nearly 72 percent of credit unions run Christmas Clubs, and consumer interest rates in these clubs are holding steady.
Credit unions are reliable financial institutions with your best interest in mind.
Don’t feel the pain of credit card debt or empty bank accounts after the holidays. Start saving now and enjoy Christmas!