No Christmas on Credit This Year – More Saving With Cash! It may seem like a lofty goal, but there are plenty of ways to make sure you don’t use your credit card. According to a study from TransUnion, only 11 percent of shoppers used credit cards over the Thanksgiving holiday weekend. Even more shocking, the use of general credit cards fell 11 percent in the third quarter. By using cash or credit, you’ll be better off in the long run.
Taking out a payday loan
Taking out a payday loan for Christmas can be a great way to buy gifts for the people in your life without breaking the bank. They are quick and easy to get. You simply go to a lender’s website, her >>> choose how much you want to borrow, and fill out a short application. You’ll receive an answer shortly after. There are a number of benefits to using a payday loan for Christmas.
Taking out a credit card
It is the holiday season again, and many people are still feeling the pinch. The pandemic is affecting finances in many ways, and job cuts are causing extra stress for many households. In order to avoid a sad Christmas, consider taking out a credit card this year. Choose one with low or no interest so you can spread out your holiday spending. Consider using a 0% purchase credit card as well.
Taking out a debit card
When shopping around for gifts this holiday season, it’s common to be asked which method of payment is safer – cash or credit? While you definitely don’t want to get into debt, there are some smart reasons to use a credit card for purchases this time of year. Here are a few of those reasons:
Avoiding a credit card
While racking up credit card debt is not a good idea at any time of the year, it’s especially problematic during the holidays. The recession and pandemic have impacted the economy, and many jobs are uncertain. A large amount of debt can quickly eat into your income. To avoid getting into debt this Christmas, follow a few simple rules. Below are five tips to keep credit card debt at bay.
Taking out a reward card
Taking out a new reward card is not a bad idea, but you should wait until after the holidays before you start using it. This way, you can treat yourself while earning points or frequent flier miles. Here are some of the ways you can use your new card this holiday season:
Making your own gifts
Make unique handmade gifts this holiday season. A handmade quilt will envelop the recipient in the creator’s love. Using holiday fabrics and easy quilting patterns, you can create the perfect handmade Christmas gift. Whether you’re looking for unique gift ideas for a teacher or neighbor, there are plenty of ways to create your own DIY presents. Here are some of our favorites! And if you’re stuck for ideas, try some of these.
Taking a gift card instead of cash
If you’re thinking about giving your loved ones a Christmas gift this year, consider giving a gift card rather than cash. Taking a gift card is a great option because the recipient can choose the store or item to purchase. A gift card to Target is not as valuable as a gift card to Williams-Sonoma, for example. Instead of giving cash, consider a gift card for your favorite store.