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Topic # 189451 30-Dec-2015 13:28
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I see that Chrisco's are already starting to advertise for next year and I just wonder why people would use their over inflated prices and schemes.
We shop at countdown and soon as they are available we get a $20 Christmas club voucher every shop we do each week. This bought us $920 by Christmas this year which ment we had a great Christmas shop as well as a couple of weeks of shopping which we used the vouchers for.
You also get a 5% discount on anything you buy with the vouchers as well.

Do you have any plan in place to soften the financial strain over Christmas ??.





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  Reply # 1459161 30-Dec-2015 17:25
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we put $7 a week onto the pak'n'save Christmas club card via direct debit, which ends up being $364 every year + in december/jan you get a bonus. we use it to buy Christmas treats etc like christmas ham/turkeys and all those other xmas day/newyears stuff.

painless and you get what you put in.

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  Reply # 1459212 30-Dec-2015 18:37
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Because some people are suckers for good advertising. Financial literacy and lack of common sense plague many others. We just put money aside in a savings account that way we can shop wherever.




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  Reply # 1459214 30-Dec-2015 18:42
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There's just so many item in the Chrisco hamper now!
It's a cunning business model, hold no stock, get it drop-shipped in close to the date... done deal.
It's low risk, good margin and always expanding from what I can see.

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  Reply # 1459222 30-Dec-2015 19:04
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Dunnersfella: There's just so many item in the Chrisco hamper now!
It's a cunning business model, hold no stock, get it drop-shipped in close to the date... done deal.
It's low risk, good margin and always expanding from what I can see.


Good margin indeed. Enough to build a beautiful mansion, rent it out for $1,000,000 pa when you tire of it, - then watch it become the centre of worldwide media attention during the raid of the century!

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  Reply # 1459250 30-Dec-2015 19:34
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I'm not seeing the point , the difficulty to put $6.78 into a personal account every week instead of loaning it to someone else.


I do it for everything recurring in my expenses. At the end of the year, draw it out and go buy those items you wish?

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  Reply # 1459264 30-Dec-2015 20:15
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Jase2985: we put $7 a week onto the pak'n'save Christmas club card via direct debit, which ends up being $364 every year + in december/jan you get a bonus. we use it to buy Christmas treats etc like christmas ham/turkeys and all those other xmas day/newyears stuff.

painless and you get what you put in.


Didn't know you can D/D Christmas Club, good plan.

Chrisco

Sell stuff today, and receive payments through the year, then buy the goods later and ship. I guess they charge solid prices as it gets lost in the "deal"
And bulk buy later. Its a good business model, that takes advantage of those who see convenience and a BIG pack of goods. What they don't realise
is the goods in the pack that they would never buy. I think a mates brother who is on a benefit did that for a TV? What was a new TV in Jan, becomes 
a clear stock purchase for Chrisco in Nov. Easy money.

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  Reply # 1459265 30-Dec-2015 20:31
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My In-laws used to do Chrisco, they lived week to week so this provided the discipline to ensure that they had all they needed over the christmas break so was worthwhile for them. They bought a PC, laptop, TV over the years also, overall it is not for me but it means people can have things that they could not otherwise "afford"

I'd rather them do Chrisco than those dodgy shop trucks that pry on the poor



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  Reply # 1459272 30-Dec-2015 21:02
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khull: I'm not seeing the point , the difficulty to put $6.78 into a personal account every week instead of loaning it to someone else.


I do it for everything recurring in my expenses. At the end of the year, draw it out and go buy those items you wish?


Because a large proportion of NZers have no self control, and aren't the sharpest tools in the shed. It is the reason why Kiwisaver was setup, so people couldn't access their savings until national retirement age, otherwise they would spend them now.

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  Reply # 1459313 30-Dec-2015 22:07
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I looked at Chrisco once and was horrified at how little you got for the money you put in. I have $30/fortnight go into a secondary account which has a small amount of interest paid each month. Adds up to a nice little sum of money I can use however I like close to Christmas.

Edit: stutter removed.

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  Reply # 1459332 30-Dec-2015 23:44
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The New World / Pak n Save clubs are a great idea, have just discovered them myself and signed up. (Disclaimer I currently work for a related company)




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  Reply # 1459338 31-Dec-2015 00:26
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I am surprised Super Markets haven't taken over with their own scheme. For example, Countdown have their own home delivery/ online system, and should have far better buying power, so should be able to offer some really good packages that offer more value for less money.

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  Reply # 1459379 31-Dec-2015 07:38
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At least with Chrisco people are saving. For those with limited financial resources it is a way to give themselves something of a festive season without getting into debt. I saw many who did well with it when I worked in social services.




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  Reply # 1459404 31-Dec-2015 09:14
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The problem with Chrisco is the same as the problem with loan sharks and used car dealers who provide finance and all others who feed off the poor and the unintelligent: It is designed to appeal to those with the least ability to pay and make them pay even more. If it added a few per cent to the normal price, you could say it is offering a convenience service. But when it charges two or three or 10 times the normal market value of the items, then you have to use words like exploitation and rip-off.
 




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  Reply # 1459407 31-Dec-2015 09:24
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Rikkitic: The problem with Chrisco is the same as the problem with loan sharks and used car dealers who provide finance and all others who feed off the poor and the unintelligent: It is designed to appeal to those with the least ability to pay and make them pay even more. If it added a few per cent to the normal price, you could say it is offering a convenience service. But when it charges two or three or 10 times the normal market value of the items, then you have to use words like exploitation and rip-off.
 


"when it charges two or three or 10 times the normal market value of the items"     Are you sure? Thats quite a statement and if that was the case we would be reading the ComCom article on it.

As I see it they are bound to charge more than what any of us could source at Countdown, The Warehouse, etc. And they get the use of the money. And they probably buy the goods at bulk prices, or in the caase of tech, old stock prices. But I cannot see it being 2X, 3X or 10X market value  

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  Reply # 1459409 31-Dec-2015 09:29
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I'd like to see the supermarkets actively market the alternative, their in house schemes. Christmas Clubs are old fashioned, they were just a convenience that wasnt really necessary. Convenient. These days its a need for those on lower incomes to spread the load and actually enjoy Christmas rather than have to endure it. Market it now, add to the Club each grocery visit or have it deducted each payday. Cheaper than Chrisco, you get interest, and you get WHAT YOU WANT, not whats in the pack

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