It makes sense that someone would dig deep back into a depression-era program to explore ways to get people spending again. Kmart and Sears have done just that by introducing a “Christmas Club” card that is like the old holiday savings programs banks sponsored.
The Kmart-Sears card allows you to save some money each week that builds toward that budget you’ve decided to set aside for holiday shopping. It’s a smart idea to budget this way. If you want to spend $500 over the holidays, it’s easier to set aside $41 a week than to take down the lump sum.
But here’s the rub.