Gift Vouchers or Saving Money?
Posted on June 14th, 2008 at 10:32 am by Tina
Each year I put a little money away each week into my Christmas savings account to purchase gifts for Christmas. But this year I was thinking that instead of doing that, I could buy gift vouchers (cards) at the stores I shop at and put them away. Then when it comes time to buy the gifts, I’d just pay for them with the vouchers.
I don’t know whether this would be better or not. I just thought it’d be easier because the funds in the Christmas account can’t be withdrawn until November each year but if I find something earlier that would be perfect for someone, I could buy it with a voucher.
What do you think? How do you save for Christmas?
On Jun 14th, 2008 at 11:09 am Amanda Said:
Thats a really good idea but just make sure there is no expiry date on the voucher. The only problem with that is the business could out out of business before you spend your voucher and then you’d be out the money.
We dont put money aside for christmas but probably should since we just use it out of DH’s paycheck around that time. Sometimes it gets pretty tight.
Amandas last blog post..Playroom Cleanup
On Jun 14th, 2008 at 11:34 am A Juggling Mum Said:
I think it also depends on if you are getting any interest from your Christmas Account. I considered the gift card idea last year but decided against it because I had been putting aside money into my ING account and was earning decent interest on it.
Rachel xxx
A Juggling Mums last blog post..Join me in a $20 Challenge and Win!
On Jun 14th, 2008 at 10:43 pm Veronica Said:
I think gift vouchers would work better for me, simply because if I had the money coming, I would be relying on it and probably have a bunch of OTHER stuff that would need paying.
Veronicas last blog post..Stripped Bare