Saving is much easier when you have a specific goal and purpose in mind. Having a straightforward timeframe helps you stick to your savings budget.
Club Account is a special savings account that is funded by regular contributions and closed just before the event for which the money is being saved (eg: Christmas club, holiday club, vacation club, all-purpose club account). Often no interest is charged on such accounts.
Funds can be transferred to a Club Account with payroll or direct-deposit deduction.
Set a goal, start saving for it, and watch your money grow!