Do you want to learn to stay out of debt at Christmas? If you have not been saving for Christmas gifts throughout the year, then you will probably reach for the plastic (credit card) and charge the gifts you plan on giving.
However, if at the beginning of the year you determined the total amount of money you wanted to spend for Christmas gifts and you divided that amount by the number of paychecks you get and then saved that amount, you would have the whole amount tucked away safely in your bank. Then when Christmas time rolled around, you can use the money you saved and pay for your gifts without incurring any debt.
Also, if you saved the money in a savings account, you most likely would have earned some interest on the money you saved. Remember that compound interest is your friend when you save.