Black Friday

iVillage Member
Registered: 11-26-2013
Black Friday
876
Fri, 11-29-2013 - 12:24pm

1. Did you do any shopping yesterday or today?

2. Do you have any leftovers? What is your favorite?

3. Do you have a budget for holiday gifts?

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iVillage Member
Registered: 05-31-2011
Sun, 12-01-2013 - 10:05pm

turkeyday wrote:
<p>Again, I know that I am not the only one. Not sure why Marla changed it to "my family" then.</p>

Probably because your own family is the only one about whom you can speak definitively and with authority.

iVillage Member
Registered: 11-26-2013
Sun, 12-01-2013 - 10:07pm

I never said ALL do, did I?

iVillage Member
Registered: 11-26-2013
Sun, 12-01-2013 - 10:08pm

I can speak about what we do in my house as well as others who we know that buy bigger things at Christmas time. Not sure how it would be hard not to know that if you speak to other families and see what they get each other. 

iVillage Member
Registered: 01-08-2009
Sun, 12-01-2013 - 10:12pm
Do you get more interest on Christmas Club accounts than you get on regular savings accounts?
iVillage Member
Registered: 11-26-2013
Sun, 12-01-2013 - 10:18pm

I don't think you get any more interest than a regular savings (like I said I haven't done it for about 20 years) but many take money in and out of savings accounts so they are not making interest (again for what little it might be now). 

iVillage Member
Registered: 01-08-2009
Sun, 12-01-2013 - 10:31pm
If they put $100 a month in the savings account for Christmas, and at the end of the year they had $1200 and took it out, why would any other money they took out over the course of the year matter in terms of how much they earned on the $1200 earmarked for Christmas? I took $$$ out of short term savings three times this year (twice for travel, once to buy a laptop) but that didn't affect the interest I earned on the $$$ I am going to use for Christmas (if I have to go into Savings, and I probably will).
iVillage Member
Registered: 05-31-2011
Sun, 12-01-2013 - 10:34pm

Bord, I think the allure with Christmas Club Savings Accounts is that your money is locked in and you don't have access to it until a certain point in time. It's useful for people who find saving difficult otherwise.

iVillage Member
Registered: 01-08-2009
Sun, 12-01-2013 - 10:38pm
Oh, Marla, that makes sense. Sort of like those folks who let Uncle Sam keep their money all year so they can get a big refund at tax time.
iVillage Member
Registered: 11-26-2013
Sun, 12-01-2013 - 10:53pm

If a Christmas club works for some, who is anybody to say it is wrong to do?

iVillage Member
Registered: 01-08-2009
Sun, 12-01-2013 - 11:19pm

Who said it was the "wrong" thing do do? People do all kinds of irrational things that are not "wrong," just irrational. And if it's the only way some people can save, it may not even be irrational for them.

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