Dear Mary: Whatever happened to bank-sponsored Christmas clubs? —Ted Dear Ted: They all but disappeared when credit cards became so popular. The new attitude was, “Why worry about it? I’ll just use my credit cards and pay for it later.” Bad idea. Good news: Christmas clubs are making a comeback (so are layaway plans). They may have a different name, such as holiday saver account, but they pretty much work the same. With a Christmas club, you sign up to have a small amount automatically deposited from your paycheck into your Christmas account each payday. It’s a smart, painless way to save for Christmas shopping. Check around to see if Christmas clubs are making a comeback in your area, or look online. SmartyPig.com is where I’d set up a Christmas savings account if I were you. Its goal-planning system not only helps you map out short-term purchases such as gifts …
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