Your questions answered

QCan you tell me how Christmas savings clubs work? H Richards, Salfords

AMany people use Christmas savings clubs as a way of putting money aside for the big day. For example, with Park Christmas Savings (getpark.co.uk) you set a goal and pay in what you can on a regular basis. You’ll then get it all back in vouchers or gift cards in plenty of time to sort your Christmas. But if you’re considering using a scheme, always do your research and read the T&Cs to make sure you’re happy first. And remember, Christmas savings clubs won’t be right for everyone. Many people prefer putting money away in their savings account instead, if they can hold off dipping into it throughout the year!