Five Ways to Use Pool for the Holidays

You want to feel excited about the holidays, but how can you? You’re running out of time to find the perfect gifts without racking up debt or overspending. Breathe a sigh of relief. Holiday Pools has got you covered.

With Holiday Pools, you can:

• Purchase gifts that impress and surprise without compromising your finances.
• Spend without dipping into savings.
• Take the stress out of holiday shopping for yourself and the people you pool with.

A Christmas miracle? We’ll let you decide. First, we’ll show you how five Holiday Pool ideas can make your days merry and bright.

Including:

• Pool money for a group gift
• Start a free holiday savings pool
• Give the gift of a holiday pool
• Host a holiday raffle
• Start a digital piggy bank for kids

What is a Holiday Pool?

Pool is the first-of-its-kind platform that lets people collect, manage, and spend money together in a dedicated place. Pool simplifies pooled money all year round. But it’s perfect for the most wonderful - err, expensive time of the year.

With Pool, you can go in on group gifts, give the gift of money, and more! Keep reading to discover five ways to use Holiday Pools, with a step-by-step guide to set yours up, so you can give a fantastic gift this year.

1. Pool money for a group gift

You believe it’s more blessed to give than receive, but sometimes that puts you in a pickle. You love giving the perfect gift. But you don’t love getting a higher credit card bill than the Rockefeller Center Christmas Tree.

Try as you might, you haven’t found a way to give great gifts without sky-high debt in January. Our first idea can help: start a Holiday Pool for a group gift. Start a Pool, invite family or friends to join, and contribute toward a larger gift together.

Imagine you and three siblings want to buy your parents a new patio set for Christmas. Create a Pool, invite everyone to join, and let each person contribute toward the gift. If one sibling is handling the purchase, you can grant them spending permissions while everyone else can track contributions and progress.

2. Start a free Holiday Savings Account

Would you like to budget and manage holiday spending without feeling like a miserly Scrooge?

Start a free Holiday Savings Pool to easily save for holiday gifts, menus, travel costs, and other festive expenses:

• Your Savings Pool keeps holiday money separate from checking or savings accounts, so you never accidentally spend money you’re not supposed to.
• You and your partner can save together.
• Members can schedule recurring deposits to help stay on track with savings goals.

Holiday Pools are better than many holiday savings accounts that banks offer. For one thing, many holiday savings accounts require a minimum balance, have fees, and only stay open for a limited time.

Pool is flexible. You can keep your Holiday Savings Pool open as long as you want. You can even keep it open and continue saving for next year! Pool is also free, so you can save without worrying about fees.

3. Give the gift of a Holiday Pool

Do you want to know a secret? People like getting money as a gift - especially when dealing with climbing inflation and a struggling economy. But as much as you want to support loved ones, cash can feel like a cold, impersonal cop-out. So can Visa or retailer gift cards.

Not to mention, they’re inconvenient. They lock people into specific stores or services. Plus, they’re easy to lose, and keeping track of card balances is a hassle.

Give cash by giving a Holiday Pool. Recipients can:

• Spend Pool funds anywhere Visa is accepted
• Spend without pressure or deadlines
• Transfer Pool funds to their bank account

Gifting Holiday Pools also takes the pressure off the giver. You don’t have to worry about shipping delays, and you can personalize the Pool, so it feels more special than boring dollar bills. Make financial gifts more festive with a Holiday Pool!

4. Host a holiday raffle

Do holiday stress and pressure weigh you down? The relief you’re looking for is closer than you think. Giving, in the words of the wise Maya Angelou, "liberates the soul.” Why not host a holiday raffle with Holiday Pools and support those less privileged and fortunate?

You’ll give everyone a convenient way to unlock their generosity and experience the freedom that charitable giving brings. Whether the raffle offsets someone’s medical bills, provides refugee support, or supports a meaningful cause, easily invite supporters to join with their email and let the collaboration begin!

5. Start a digital piggy bank for the kids in your life

Do kids always guess what their gifts are? Surprise them with a digital piggy bank. You can set up the Holiday Pool and contribute the initial monetary gift. Then, kids can use their digital piggy bank to:

• Receive money for birthdays or other important events, like graduations, recitals, or religious milestones
• Collect allowance, babysitting, pet-sitting, and housesitting money
• Watch their savings grow and save as long as they want
• Spend Pool funds with the Pool debit card under the supervision of their parents

Parents or caregivers can act as pool admin for recipients 18 years old or younger. When you give a digital piggy bank, you give more than money. You’re also helping kids learn:

• The importance of saving
• How to track spending
• How to build digital financial skills

Gift a digital piggy bank this Christmas with Holiday Pools!

Holiday Pools might be an unexpected gift under the tree. But, we’re confident that these five modern ideas will bring a big smile to everyone. Start your Holiday Pool at poolmoney.com, and from everyone at Pool, happy holidays!