Comments on: Christmas Loans Help Pay For Christmas http://www.accumulatingmoney.com/christmas-loans-help-pay-for-christmas/ Because wealth is better than poverty, if only for financial reasons. Mon, 19 Jul 2010 06:32:22 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Clint http://www.accumulatingmoney.com/christmas-loans-help-pay-for-christmas/comment-page-1/#comment-59635 Clint Tue, 08 Dec 2009 17:10:17 +0000 http://www.accumulatingmoney.com/?p=686#comment-59635 Betty, I completely agree. Betty, I completely agree.

]]> By: Betty Kincaid http://www.accumulatingmoney.com/christmas-loans-help-pay-for-christmas/comment-page-1/#comment-59618 Betty Kincaid Tue, 08 Dec 2009 00:01:15 +0000 http://www.accumulatingmoney.com/?p=686#comment-59618 Clint, I shudder to think of anyone taking out a loan to pay for Christmas gifts. If you can't afford to pay cash please do yourself (and the people who love you) a favor and don't buy anything. Write your loved ones a letter explaining that you're being fiscally responsible and ask them to reciprocate in kind (e.g. no gifts) or make your gifts for a fraction of the cost of buying stuff. Seriously, I can't imagine anyone would want a trinket that you had to go into debt to acquire. Plan for next year by creating a 21st century version of the old-fashioned Christmas Club account. On January 1st, set-up a no minimum balance/high interest rate account (http://www.bankrate.com/) and have your bank auto transfer $10-$20 a week into this account. Don't touch the money until after Thanksgiving when you then transfer all the money into your checking account for Christmas shopping. Happy holidays! Betty Clint,

I shudder to think of anyone taking out a loan to pay for Christmas gifts. If you can’t afford to pay cash please do yourself (and the people who love you) a favor and don’t buy anything. Write your loved ones a letter explaining that you’re being fiscally responsible and ask them to reciprocate in kind (e.g. no gifts) or make your gifts for a fraction of the cost of buying stuff.

Seriously, I can’t imagine anyone would want a trinket that you had to go into debt to acquire.

Plan for next year by creating a 21st century version of the old-fashioned Christmas Club account. On January 1st, set-up a no minimum balance/high interest rate account (http://www.bankrate.com/) and have your bank auto transfer $10-$20 a week into this account. Don’t touch the money until after Thanksgiving when you then transfer all the money into your checking account for Christmas shopping.

Happy holidays!
Betty

]]> By: Carnival of Personal Finance #234 – Weirdest Toy Crazes Edition | Suburban Dollar http://www.accumulatingmoney.com/christmas-loans-help-pay-for-christmas/comment-page-1/#comment-59611 Carnival of Personal Finance #234 – Weirdest Toy Crazes Edition | Suburban Dollar Mon, 07 Dec 2009 13:02:43 +0000 http://www.accumulatingmoney.com/?p=686#comment-59611 [...] from Accumulating Money talks about how Christmas loans help pay for Christmas. Seriously folks if you need to take out a loan for Christmas you don’t need to be buying [...] [...] from Accumulating Money talks about how Christmas loans help pay for Christmas. Seriously folks if you need to take out a loan for Christmas you don’t need to be buying [...]

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