Whether we like it or not one has to spend a lot of money at the end of the year. Starting from thanksgiving right through the New year, a lot of money will have to be spent and if you don't have it borrow some money you have to. That's why some financial "experts" advice people to open Christmas accounts at the beginning of the year. At the end of the month a specific amount of money is transferred to this account. At the end of the year when the time comes for you to do your Holiday shopping, you'll have all the money [you need] saved up. Have you ever tried something like this? Would you recommend it? It IMHO reinforces the belief that one has to buy gifts at the end of the year. You don't have to if you don't want or can't afford it.