The holidays are right around the corner. Known as a time for family and friends, the holidays are also a time of increased spending. Don’t let the stress of spending stop you from making the most of this holiday season. Learn how to manage your holiday purchases with these tips from Metro North Federal Credit Union.
While it may be too late in the season this year, the best way to manage your holiday purchases is to save ahead of time. Begin setting aside money as early as you can in the season. Even if you only save $10 a week, it adds up quick!
Budget. Budget. Budget.
Establish a budget and stick to it! Think about all of the spending you will do this holiday season. Add it all together and decide on a strict amount you are able to spend. When writing a budget, consider:
- Traveling costs
- Number of gifts you will purchase
- Price of decorations
- Additional holiday household costs such as food or electricity
Compare Gift Prices
Holiday shopping can be hectic. When everyone floods to shopping centers, it is understandable to want to grab your items and go. Don’t spend more money just because it’s convenient. Compare gift prices at different stores and online. However, be sure to factor in shipping costs when purchasing online.
Consider a Holiday Loan
Consider taking out a loan to help with holiday spending. Often less expensive than credit cards, loans can be a convenient way to ease your stress this holiday season. Compare loan rates to find the best option for you and your budget.
SEE ALSO: Tips to Get Out of Holiday Debt
Choose Holiday Loans With MNFCU
Metro North Federal Credit Union’s holiday loan promotion allows you to receive up to $1,000 with rates as low as 5.99% for 12 months. Easy apply online or at one of our two locations in either Holly or Waterford. Our knowledgeable staff is happily willing to discuss loan options with you.