How to Get Your Wallet Ready for the Upcoming Holidays
The most exciting and miraculous time of the year which each of us has been looking forward to is just around the corner. However, this period is not only the most magical but also, perhaps, the costliest. Now that less than a month is left before Christmas Eve, it’s time to think about preparing gifts for your near and dear ones. And you definitely do not want these purchases to set you back a small fortune once again. Here are some hints to help you avoid overspending before the upcoming holidays:
Make a Shopping List
The first thing you’d better do is write down the names of everyone you are going to give presents to. Then add to each recorded person options of what you plan to buy them – at least approximately. This will let you avoid unexpected purchases, as well as be pretty sure about what you are looking for.
Plan Your Budget Properly
The next step is to budget. Calculate how much each gift can cost, and how much you are willing to spend as a whole. This move is just essential if you want to keep the situation under control. After all, no one wants to wake up in the new year with huge credit card bills.
Put Small Amounts by Each Day
It’s never too late to lay by. Begin to save at least a couple of dollars a day starting today, and you will appreciate it tomorrow. And it will be best to grow such a habit in advance next year.
Spend Wisely
When it finally comes to purchases, don’t rush. Compare prices at different places and make a well-balanced decision. Remember that sometimes online shopping can become more advantageous than in-store. And stores’ mobile apps may offer better prices than those presented on the websites.
Redeem Credit Card Rewards
If you are a lucky owner of a rewards credit card, it’s time to take advantage of the earnings. Cashback, points or miles – all these bonuses can be found in excellent use now. Just check your account and redeem the rewards you have managed to accumulate.
Earn More Credit Card Rewards
Besides, some credit cards may have special offers that will help you save or make profit of the impending expenses.
Make Use of Sales
In addition to credit cards’ offers, pay attention to the deals that retailers provide. The most anticipated sales of the year are certainly Black Friday and Cyber Monday, but Christmas discounts may be not less beneficial. Again, don’t forget to be rational. Keep to your determined budget and don’t go too deep.
Latest Other Card Guides
Millions of Americans are at risk of identity theft every year. It’s a growing problem in the U.S., especially during the pandemic as identity thieves are targeting relief checks and unemployment benefits. Identity theft occurs when someone steals your personal information such as your Social Security number, bank account number or credit card information. There […]
Continue »In addition to the credit score and credit report, your debt-to-income (DTI) ratio is another important factor in your overall financial health. The debt-to-income ratio is the percentage of your gross monthly income that goes to paying your monthly debt and is used by lenders to determine the risk associated with you taking on another […]
Continue »The consumer credit market is picking up the pace while credit cards are becoming the preferred payment method for Americans, especially during the COVID-19 pandemic. Consumers are being drawn to credit cards because of their flexibility and the increased variety and volume of rewards programs. For any person, a credit card can be a good […]
Continue »RedArrow Loans (former Fast 5k Loans) is a loan aggregator with an extensive network of authorized lenders. They specialize in short-term loans that are available almost in all 50 states (currently, there are no offers available to residents of AR, CT, GA, NY, VT, and WV). RedArrowLoans is operated by Sincerely, LLC, a financial services company […]
Continue »If you pay for most of your purchases with cash, checks or debit cards and shun your credit cards, you probably think you’re being fiscally responsible.
Continue »
