How To Avoid Holiday Debt With These Money-Saving Tips
The holidays are a joyous time that brings family, friends, and good times together. But they also have a huge impact on anyone’s finances. There are people who save money for Christmas, and we are not talking about a few dollars - we are talking about thousands of dollars for just one day. There is an entire industry that depends on people buying more and more in December.
Most holiday shopping creates a debt that will be paid out during the year to come, but it doesn’t need to be like this. You can work a bit at arranging your spending and starting the year debt-free and we will show you how. We’ll also cover how you can secure emergency money for those moments when you need some extra help between paychecks through fast payday loans.
6 Tips To Avoid Holiday Debt
1. Budget Everything
When the holidays come, we tend to forget all our budgeting techniques and go wild on the credit card. Eat a good meal, take an hour off work, and start planning everything out. Do it on a full stomach to avoid listing a lot of foods and sweets in your plan. Take all of those budget-making skills that you’ve acquired throughout the year to create your holiday budget.
2. Get Shopping Done Early
As Christmas approaches, people are rushing to the malls and the marketing specialist arranges everything to encourage compulsive buying. Make sure to go shopping at odd hours when most people are at work, do it as early as possible, and don’t buy more than you have on the list.
3. Safety Net
Since at the last point we advised you not to buy more than you have written on the list, now we will tell you about a little trick that we discovered. Set a fixed amount of money aside for when you really want to but something that is not on the list. This way you will know exactly how much you can go over your initial budget and you will be less inclined to overspend.
4. Cash Not Credit
The credit card mirage makes you think that you have unlimited access to money, and eventually you will fall for it and overspend. This will make your next year difficult to manage from a financial standpoint.
However, if you have cash on hand for everything, and you let your credit card at home, you will be controlling your finances, not Christmas marketing specialists.
5. Wrap The Gifts In Store
Wrapping gifts is a fun activity that helps add to the element of surprise and makes people feel good and get in the Christmas Spirit. But it is also expensive and time-consuming. Chances that you can wrap gifts like a professional are slim. Many stores offer a free gift-wrapping service, and you should definitely take advantage of it.
6. Shop Online
Online shopping is on fire right now, and you should join the trend. We are not talking just about gifts. Everything can be bought online, including food. This may seem counterproductive, but the fact that you will be able to see the final bill before pushing that “pay now” button can mean that you will revisit your decisions and rearrange your priorities and will result in saving money.
With the high number of people living each month paycheck-to-paycheck, paying bills during the holidays can seem like a daunting task, especially if your careful budgeting has been shattered by an emergency. If this sounds familiar, fast payday loans online are an option that can help you secure the funding you need when you’re in a tight spot.
What Are Fast Payday Loans?
Payday loans are short-term unsecured loans that can offer you up to $500 in emergency money. They’re fast, easy to apply for, and you can receive money on the same day that your application is accepted on. Furthermore, all credit scores are accepted.
How Can I Obtain Fast Payday Loans?
You can start your payday loan by filling out and submitting a short, online form that can be found on our homepage. Submitting it will allow a representative to contact you to review your information and go over the next steps with you. You’ll have to supply a few pieces of information, which includes:
- Your driver’s license
- Your most recent paystub
- A blank check to your bank account
Once they review your information, you’ll receive your money deposited directly into your bank account for you to use as you see fit! It’s easy, straightforward, and the application process won’t disrupt your holiday planning.
There’s no reason you should worry about the holiday budget and there’s certainly no reason to put yourself into debt, especially if you find yourself facing an emergency. In this situation, payday loans, Kentucky will always be here for you so, start your application today.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.