Christmas Saving Scheme?

I've just seen another Christmas Saving Scheme advert on the TV and I can't get my head around why people would ever use them.

From what I can make out you get high street vouchers back at the end of the year to spend on whatever.

As I have never used any of these schemes I'm open to hear what people who have used them have to say. Do you only get back what you put in - no interest?

How do the companies make money? I'm guessing by the interest from all the members.

Personally I would put money away in a savings account and get interest either with a bank or if thats not possible then a post office account.

I'm keen to hear peoples thoughts on this.

Although I have never used these schemes, I understand their use.
There are many people who are unable to budget in the same way as others, mainly because of their income.

Saving up for Christmas is not easy for the lower income groups, or those who spend unwisely during the year.

Although not confined to the lower income groups, this form of saving is an attraction to those who might otherwise spend their cash on material tat, something that will be consigned to the wheelie bin before Christmas!

I think they get commision from the stores.

I personally think you should just go and buy the vouchers yourself through the year. It is a great way to save.