Installment Loans for the Holiday Season
The end of year is considered to be the best time of the year, with Thanksgiving, Christmas and the New Year being just around the corner. This is the time to splurge and spend our savings on gifts and goodies for our loved ones, to have a merry time with them and to make them feel special. As we approach the holiday season, we can’t wait to go shopping for Christmas goodies and gifts, Christmas trees and decorations; not to forget, the tasty cookies and milk that we leave outside for Santa.
Even though all of this seems extremely dreamy, mesmerizing and exciting, it comes with a huge baggage. The baggage of finances- something that not everybody has. One may want to splurge on presents, but it’s imperative that they ask themselves if it’s really worth doing so.
Here’s how you can spend Christmas and New Years without having to spend too much:
Plan a budget: First and foremost, plan your budget and how much you want to spend. Spend only as much as is totally comfortable for you, without pushing you into a debt trap. You may want to celebrate the end of the year in the best way possible, but as important as it is to live in the moment once in a while, it is also crucial to save for the future. If you don’t save for the future and only look at having a good time now, you may end up losing money and having to borrow funds from friends and family.
Make a list of items that you need: This is very important as it helps you stick to your budget and helps you avoid splurging on unnecessary items. Make a list of items that you firstly need, and then desire and see what fits within your budget. Cut down on what you don’t need and choose to spend wisely in order to have a more secure future.
Take your current financial situation into consideration: Not every year is a better year financially than the previous one, and the pandemic has taught us that well. For example, if you used to earn $5000 a month in the previous year and used to host a Christmas party for your family and friends because you had the money to do so, it may not be the same now. You may not be earning enough to do so right now, or the costs of everything might have increased drastically, but the important thing is to cherish what you have and avoid spending when you don’t have enough to do so. If you used to earn enough to host a party till last year and don’t earn as much now, have a cozy dinner with your family or ask someone else to host a party this year instead of feeling obligated to do so yourself.
Buy what you can afford: While taking your budget into consideration, plan what kind of items you’ll buy accordingly. For example, if an extravagant Christmas tree doesn’t fit within our budget, don’t buy one that’s that fancy. Maybe buy a slightly smaller one and make it beautiful with whatever you have at home.
Also, instead of sending out Christmas tips, why not bake cookies? They’re a nice gesture and are cheaper than tipping everybody individually.Presents for your nieces and nephews can be slightly less expensive. And if you don’t have enough to buy anything at all, why not indulge in some fun activities with them instead; such as baking a Christmas cake?
Should You Take an Installment Loan This Holiday Season?
As important as it is to spend only as much as you have, it can be difficult if you have very little. It is during such times that many people choose to apply for payday loans in order to cater to their financial holiday needs. However, a payday loan can push you into a cycle of debt which can be extremely difficult to come out of. That’s because, if you choose to take a payday loan, you will have to repay it in lump-sum on your next pay date. It can then become really difficult for you to pay off the bills for your necessities for which you may have to apply for another loan, and this cycle may just continue for a very long while.
So, what kind of a loan should you take if you really need one this holiday season?
The answer- installment loans!
Installment loans from lenders like InstallmentLoanz are offered with flexible repayment options, wherein one doesn’t have to repay the entire amount altogether and can instead choose to pay back their loan over the course of a few months in a few parts. This makes for a great option in order to avoid getting into a debt trap since it isn’t stressful on the wallet at all and one doesn’t have to cut down on other costs when it comes to repayment; which means that the individual doesn’t have to borrow multiple loans in order to pay off their existing bills of their necessities.
What’s better? You can get an installment loan from us within 24 hours, even if you have a bad credit score; which means that your Christmas shopping and preparations shall not get delayed by any means.