Christmas in July?

Make Anyday Payday

For most Americans, the holiday shopping season is the last thing on their minds in early July. However, retail superstore Toys R Us thinks that if you starting thinking about the holiday shopping season now, you could save in the long run.

Toys R Us just announced their new Christmas Savers Club to urge customers to start saving now for one of the most expensive shopping seasons. Club members can go to any Toys R Us store and put money down on a club card which will be saved until the holiday season. Club members also get 3% bonus on everything they put towards the card, which will be paid out come October.

The program is designed to encourage consumers to plan ahead for the big spending season, rather than finding themselves in a mountain of debt once all the presents have been unwrapped. The premise is good, but only works if you plan on spending all your money at Toys R Us. It might make more sense to put your money into a savings account or other savings vehicle if you can get a better return than 3% over the next few months.

This entry was posted on Thursday, July 8th, 2010 at 10:18 am and is filed under Financial Resources, Money Needs and Tips. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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