Holiday Tips, Money Management, Saving

Saving Money During the Holidays

Holiday Money Saving Tips

The holiday season is officially here! While money is tight for many of us this year, there are some ways to save a little bit of money.

Reuse wrapping paper and gift bags

Even though it’s too late now to go back and save the wrapping paper and gift bags from earlier in the year (although you can start saving this Christmas/Hannakuh for next year!), recycle the wrappings from any gifts you get between now and the holiday from work parties or friendly gift exchanges. Sometimes even the bag from the store in which you purchased the item can be fancied up with a little tissue paper and ribbon!

Get creative with your wrapping paper

When I was little, my mom would wrap presents in the comics from the newspaper. If you don’t get the newspaper, you can always use magazine pages, decorated paper bags, or by decorating computer paper or butcher paper if you have access to some.

Give homemade gifts

This is especially appropriate for co-workers and/or a boss. I don’t know anyone who wouldn’t enjoy getting some homemade baked goodies! Parents and grandparents also love homemade crafts from their children, especially if there is a picture of the child involved (such as a frame ornament made out of popsicle sticks) or the child’s handprint. For tons of great ideas for things that children can create, visit Amazing Moms.

Christmas Postcards

Postcards require less postage to mail, and spread holiday cheer just as well!

Use a Smartphone App

Check out apps such as ShopSavvy or Coupon Online Codes, both free. ShopSavvy allows you to scan the barcode of a particular item and then tell you where else it is being sold (including online) and how much it costs, saving you a considerable amount of driving all over town to compare prices. Coupon Online Codes allows you to search hundreds of retailers for coupon codes to use towards your online purchase.

Give up Starbucks

If you cut out your coffee, lunches, and dinners out for a month, the extra money can be put towards gifts at the end of the month. You can do it – it’s only a month!

Split the Cost of Gifts

For example, go in with your siblings to purchase something for your parents. Chances are that you can get a decent gift for less of a contribution than you would have shelled out on your own.

Set a Dollar limit

Talk with your family members/co-workers/friends ahead of time and agree on a set amount that you will spend on each other. This way, everyone knows what to expect and no one has to worry about “outspending” anyone else.

 

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    Debit & Your Credit Score, Loans

    Unsecured Loans – Your Cheapest Options

    Dealing with Bad Credit

    The interest rates offered to you can be a result of bad credit scores or no credit at all. There are a lot of websites which offer an instant credit report for a small fee. Another reason to check your credit score is it may not be as bad as you think it is. Often credit ratings are simply misunderstood by individuals.

    An unsecured bad credit loan can work as a perfect solution to your financial need. You can use the loan amount for any purpose ranging from buying your dream car, going out for a long awaited holiday, combining debts to decrease the debt load, or for any personal reason. It solely depends on you and what do you with the loan money.

    Dealing with Lenders

    Usually, in the lack of guarantee, lenders demand high interest rates and heavy monthly installments. The lender undergoes a great risk of losing all their money if you fail to repay the amount. Therefore, they offer you a short repayment time so that they can get back all the money as soon as possible. However, the lack of security does not invite long legal paper formalities unlike secured credit; therefore, it becomes easier to get unsecured credit quickly.

    You should not forget to understand that this article can cover information related to cheap unsecured loans but can still leave some stones unturned.

    Consolidating your Debt

    To get the lowest rates, you want to have a loan of as little as likely to consolidate your debts. Therefore, start by totaling up your high interest debt. That figure is what you want to apply for. Besides your credit amount, also consider what terms you want. Many personal credits are for five years, but you can extend them for smaller monthly payments.

    If a home equity credit or refinancing is not a choice, you may think about transferring your high interest balances to a low rate credit card. This will lower monthly payments and make is probable to shrink debts. Another alternative involves consolidating debts through a credit counseling or debt management agency. These agencies negotiate lower interest rates and consolidate debts without collateral or credit checks.

    Credit Providers and Creditors

    The remaining task has to be carried out by the credit provider and their trained representatives. It is they who would deal with a number of creditors, a duty most debtors would love to be relieved of after the regular haggling with the creditors. These trained representatives are behind the negotiations that take place on the debts. A better speaker can help to reduce the repayable amount, thus saving a part of the unsecured debt consolidation credit for other reasons. It is to be pointed at this stage that an unsecured debt consolidation credit is a personal credit and can be used for any reason other than debt settlement. Therefore, the credit proceeds can be used for purchasing the car, financing holidays and also for undertaking home improvements.

    Do you want to know more about debt and how you can make smart financial decisions now that will help you secure a more prosperous financial future? Sign up for our newsletter for monthly money tips.

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