Automatic savings ease holiday money strains for Bronx shoppers

With the holiday season underway, some Bronx shoppers say their year-round holiday savings account has eased what can be a stressful season on their wallets.The holiday savings account automatically extracts

News 12 Staff

Nov 27, 2006, 2:37 PM

Updated 6,386 days ago

Share:

Automatic savings ease holiday money strains for Bronx shoppers
With the holiday season underway, some Bronx shoppers say their year-round holiday savings account has eased what can be a stressful season on their wallets.The holiday savings account automatically extracts a chosen amount from a person?s paycheck month by month. That money is then deposited into a savings account. Bankers say this plan works for most people because it occurs automatically, without the worry of feeling as if the person is losing that money. They say by the time the holiday season rolls around, people are surprised by how much money they have saved to buy gifts for their loved ones without feeling the monetary strain.Most banks offer holiday saving accounts for customers with established checking accounts. Similar accounts are also available for vacations.


More from News 12
1:55
STORM WATCH: Warm, hazy and humid today; tracking thunderstorms for Thursday

STORM WATCH: Warm, hazy and humid today; tracking thunderstorms for Thursday

1:42
NYPD: Moped driver critically injured in crash into 46-year-old woman on Grand Concourse

NYPD: Moped driver critically injured in crash into 46-year-old woman on Grand Concourse

0:19
Authorities arrest Bronx man in fatal Washington Heights stabbing

Authorities arrest Bronx man in fatal Washington Heights stabbing

0:56
Officials begins enforcing new time limit rules on asylum seekers in NYC shelters

Officials begins enforcing new time limit rules on asylum seekers in NYC shelters

1:55
UA Local 1 to offer 5-year paid apprentice program for plumbers for 1st time in 2 years

UA Local 1 to offer 5-year paid apprentice program for plumbers for 1st time in 2 years

1:31
36th Fleet Week kicks off in NYC with Salute to Ships at Fort Hamilton

36th Fleet Week kicks off in NYC with Salute to Ships at Fort Hamilton

0:21
NYPD: 2 men wanted breaking into Taco Bell in South Bronx, stealing $500

NYPD: 2 men wanted breaking into Taco Bell in South Bronx, stealing $500

0:22
Police: Woman wanted for pepper spraying Bronx bus driver

Police: Woman wanted for pepper spraying Bronx bus driver

2:42
Garden Guide: This is why you should grow Geraniums this summer

Garden Guide: This is why you should grow Geraniums this summer

0:14
Search on for missing 80-year-old last seen on Melrose Avenue on Monday

Search on for missing 80-year-old last seen on Melrose Avenue on Monday

1:46
FDNY: Commercial strip fire extinguished in Wakefield; 4 firefighters with minor injuries

FDNY: Commercial strip fire extinguished in Wakefield; 4 firefighters with minor injuries

1:05
Nurse practitioner offers tips to decrease high blood pressure during High Blood Pressure Education Month

Nurse practitioner offers tips to decrease high blood pressure during High Blood Pressure Education Month

1:49
Photographer and resident at RiverSpring Living highlights essential workers in new exhibit

Photographer and resident at RiverSpring Living highlights essential workers in new exhibit

0:34
NYPD: 13-year-old grazed by bullet in Claremont Village

NYPD: 13-year-old grazed by bullet in Claremont Village

Power & Politics: Ask Mayor Eric Adams

Power & Politics: Ask Mayor Eric Adams

2:23
NYPD: Man caught on camera stealing $1,000 from convenience store register in Concourse Village

NYPD: Man caught on camera stealing $1,000 from convenience store register in Concourse Village

1:36
Allerton man gives back with community fridge, turns to community for help

Allerton man gives back with community fridge, turns to community for help

0:38
Elected officials, advocates rally to restore funding for community composting programs

Elected officials, advocates rally to restore funding for community composting programs

1:55
Supporters, opponents await Trump's campaign stop in the Bronx

Supporters, opponents await Trump's campaign stop in the Bronx

2:02
Parkchester woman reaches out for help finding lost family heirloom

Parkchester woman reaches out for help finding lost family heirloom