Most banks offer some sort of Christmas club account, which can be a great way to save money for the holidays. Some banks may have different names for this type of account, such as a holiday savings account, so you may want to check with your bank to see if they have a similar account. You can usually start depositing money into the account as early as the beginning of the year, and the funds will be released at the end of the year so you can use them for holiday expenses.