Christmas is fast approaching. For many people, this is one of the most important events of the year, therefore, we are trying to prepare them in a proper way. And although the preparations are practically the same each year, they are always a few weeks before the Christmas Eve, we are beginning to get a little impatient.
As you know, with the corresponding setting of Christmas, also slightly higher expenses are associated. I should tell the right way to prepare our homes and apartments (Christmas tree, Christmas decorations), buy more food products, and also we can not forget about Christmas presents. Therefore, our home budget can be quite badly tarnished, and in many cases, often for proper preparation for Christmas, we just run out of money. And what do we do then? Of course, we go to the banks to get acquainted with the offer that these institutions have for us. And as you can easily guess, in most of them we can find special Christmas loans. According to the assurances of advertisements and announcements, these are special occasions that we must take advantage of, because if we do not do it, our holidays will not be at the appropriate level. And often we give in to these assurances and apply for a loan for Christmas.
However, we must realize that the banks are not charitable institutions and will not lend us money for free. So let’s check how their Christmas offer really looks like. It may turn out that, as is apparent from the advertisements, an extremely cheap product will in fact turn out to be more expensive than a normal cash loan. Banks may lower the interest rate on holiday loans, but in return they will increase the commission, which will significantly affect the cost of the loan. Or we will get such a “cheap” loan, if at the same time we will apply for a credit card, for which we will have to pay. And such “hooks” could be exchanged more, so before submitting the application, we must be very vigilant not to get caught in the banking trap.
In order not to use the Christmas loan, it is worth planning your budget so that you do not run out of free financial resources. Only we have to remember to do it in advance. Preferably in early November or at the end of October. Let’s prepare a list of the things that are necessary to us, which will help us greatly in the planning of expenses. Maybe thanks to this we will notice that our Christmas tree is still in good condition and we do not need a new one, and Christmas decorations will be enough to vacuum and will look like new. Thanks to this in our budget will be more money for other expenses. Anyway, we can prepare Christmas decorations ourselves, which is always the cheapest solution.
Once we have the shopping list, let’s start looking around, where we can buy the things we need. When we start doing it earlier, we will have a better chance of finding promotions that will again allow for smaller expenses. Leaving shopping for the last minute, especially when it comes to gifts, makes us often overpay and starts to run out of money in our wallet.
Christmas, do not have to be time when we indebted ourselves so that everything is buttoned up. Sometimes it is better to celebrate all the celebrations a little more modestly, but with the awareness that we will not have to pay the borrowed money to the bank after the New Year.