Keep your budget and your sanity with these options to help you manage holiday expenses.
Q: Help! I’m fretting over holiday expenses. How am I going to pay for all this stuff?
A: Relax! You can keep your budget and your sanity, too! Take a few minutes to learn how you can spend responsibly this season.
Let’s explore some options:
1. Personal loans *
Anytime you need a pile of dough, you can contact Coca-Cola Credit Union to apply for a personal loan. Our representatives are always happy to help you!
Nice: Our personal loans have low interest rates, which make the payback plan affordable for almost any budget.
Naughty: If you’re already carrying a load of debt and unpaid loans, don’t take out another one just to get you through the holidays.
2. Skip-a-Payment *
At Coca-Cola Credit Union, we offer you our own gift this time of year: the option to skip a monthly loan or credit card payment to give you that extra cash flow.
Nice: When you choose Skip-a-Payment, you can pay for those presents without adding to your current debt. No high-interest bills to haunt you!
Naughty: Every Skip-a-Payment makes the loan’s term one month longer.
3. Holiday Club Account
Pay a little bit toward this expensive season all year long by opening a Holiday Club Account.
Nice: Holiday Club Accounts offer you a way to pay for your holiday shopping ahead of the season, instead of playing catch-up on your bills in the coming months.
Naughty: It’s too late to open up a Holiday Club Account to help you make it through this season. But, it’s never too early to start thinking about next year!
4. Deferred-interest financing
If you’re considering several large purchases at big-box stores, consider signing up for the retailers’ deferred-interest financing. Many chain stores offer customers this interest-free financing option so they can walk out with their purchase today, and pay for it tomorrow.
Nice: Deferred-interest financing works just like an interest-free line of credit, only it’s exclusive to the store selling it. If you don’t like the idea of opening another credit line, but you need that interest-free option, this can be the perfect solution for you.
Naughty: If you neglect to pay off your bill before the interest-free period expires, you’ll be slapped with sky-high interest fees.
Your Turn: How do you pay for your holiday expenses? Share your method of choice and tell us why it works for you on our Yammer page.
* Restrictions apply, loans subject to credit approval. For details, visit creditunion.coca-cola.com.
