Darlings, the holidays are but a mere nine months away. If you want to spend this time next year being holiday debt free, it’s time to take some action. Opening a holiday club, a savings account where an amount of money of your choosing gets deposited every week or so until about October when it transfers back into your checking (or you get a paper check) just in time to pay for your holiday purchases, will help you pay for your holiday purchases. One key element of the holiday club is that you won’t be able to make a withdrawal from the account until it’s almost holiday time. Perfect for the person who finds it easy to put money in a savings but hard to keep it in there.

Many credit unions offer holiday clubs, but if you can’t find one near you, consider an online savings account and have funds automatically transfered every week or so from your checking account. Just don’t touch the money in your savings!

Putting away as little as $20/week from now until October will get you about $600. Not a fortune, but it’s better than putting $600 on a credit card, right? If you can afford to tuck away more than $20 every week, you’ll be in even better shape come holiday time.

P.S. Don’t forget to enter the FSL Cosmetics Lipgloss Giveaway! Entries must be in by Thursday, March 11, 2010.