I don't ever spend loose change. I always put it in a glass bowl and take it to the bank once I have collected about $50. I put this money into my Chrismas Savings account along with the money I have going into that account anyway. My children have started to put their change into the bowl now.
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In addition to my Christmas savings, I also buy gifts all year round for Christmas. I have the standard set of people (or service positions) that I buy for or recognize each year - as I think most people do. So if I see a gift in April or August, I buy it and save the time and money in December.
My goal is to be done shopping Thanksgiving weekend, so I shop all year round. When my Christmas check arrives, I use it for buying the tree, wreath, food for special meals, donation gifts and 3 birthdays in January! (think of the things that aren't as easily purchased too far in advance.)
From my auto deposit into my bank, I also have 2 other withdraws up into my Christmas savings account and my emergency account.. $50-$100/mo. When it's auto done.. you don't think about it and it really adds up!!
I work in a financial institution and have my paycheck go to a checking account at another institution. I also have additional money deposited to a savings account and a Christmas club there. My theory is out of sight, out of mind--I never touch the savings account or the Christmas club!
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