Worried about this year’s holiday credit card bills?

Bank Smarter in 2017…with a Holiday Club Savings Account!

Imagine debt free shopping for Christmas gifts! Some people think of Holiday Club accounts as an old fashioned notion but we suggest a new point of view, think of it as  it as a SMART option!

It’s a Smart idea
Even those of us who start off the year with great intentions vowing to not use our credit cards for Holiday Spending often lack the discipline to set aside money and come to the end of the year with little to show for our efforts. 

Opening up a Holiday Club savings account is the first step in getting yourself on board with a new plan. 

Old becomes New with great features
Online banking has made being a part of this club even easier!  Once you have it set up, you can transfer funds between accounts. You control how much you set aside and how often you make transfers! Plus if your employer offers direct deposit, you can have a certain amount deposited directly into your Holiday Club Savings Account each and every pay period. Once you make the commitment, most people find they don’t even miss the money they never handle.

A next great step is setting up a direct deposit into your Holiday Club Savings Account!

You can even set a budget for yourself based on last year’s spending to come up with the amount you’ll need to set aside each month. For example, according to a Gallup poll, the average consumer spent $830 last year.  If you start saving November 1st, for the 2017 year, that gives you 12 months to put away $830.  That means you need to put away an average of $69 monthly or about $34.50 a pay period.

Bonus Saving Tip
Turn your loose change into holiday cheer.  Just place a jar or small bowl on your dresser.   Empty your pockets, purse and wallet of change each night and put it in the bowl.  At the end of every month, bring your jar into the branch, dump it in our coin machine and have the change deposited in your Holiday Club Savings Account!  Even just 50 cents of loose change a day turns into a $182 boost to your Christmas gift giving spree!  Every WVFSL branch has coin machines located inside so be sure to take advantage of them!

If you are interested in opening up a Holiday Club savings account, it’s not too late! Stop by any of Wallkill Valley Federal Savings & Loan’s 4 branches and open your account with as little as $10!  Start saving for Christmas 2017 and kiss those credit card bills goodbye!

Other articles by Wallkill Valley Federal Savings & Loan

  • When is the best time for kids to start saving?

    Tips from your local banker

    Teaching kids to save is an important life lesson. Here is some advice for parents to help pass on good saving habits to the younger generation. read more »
  • Ready to buy? Time to Pre-qualify!

    What you need to know about prequalification letters!

    If you are buying your first home, you most likely have tons of questions. The good news is, Wallkill Valley Federal Savings & Loan can help! read more »
  • Lifetime Achievement Award presented to WVFSL's Vice President

    Congratulations Rolland B. Peacock III of Wallkill Valley Federal Savings & Loan

    Rolland B. Peacock III, Vice President, Commercial Lending for Wallkill Valley Federal Savings & Loan, will be honored with the Lifetime Achievement Award at the 2016 Orange County Distinguished Citizen’s Award Dinner. read more »
  • Bank Easier

    5 ways your bank account can make life easier

    Wallkill Valley Federal Savings & Loan discusses bank services that are designed to make your life easier (and maybe even save you time and money). read more »