You glance up at the calendar, shocked to realize the holidays are upon you. You’ve had some unexpected expenses and maybe you’re not sure how you’re going to manage Christmas shopping, let alone all the additional costs that come with the holidays. Fear not. We have a few suggestions.
Be like Santa and check that list twice. Sit down and reevaluate your entire shopping list. Are there people on your list that could potentially be removed? Distant cousins you haven’t seen since this time last year? An acquaintance you last saw over the summer? It may seem a little harsh, but there is nothing wrong with making yourself (and your finances) a priority.
Scale back. You’ve pared your shopping list down to the bare minimum. Now revisit how much you can realistically afford per person. Can you substitute a homemade gift for a store-bought item? How are your baking skills? Everyone I know loves cookies and special treats. Give the gift of time. Instead of buying your mother another scarf, commit to spending a day with her.
Shop your closet. There’s nothing quite like a holiday party. The mingling. The finger foods. The festive decorations. But for many people, it can be a source of stress to find the perfect outfit. Instead of spending money on a new dress, consider shopping your closet. Is there a dress you previously purchased that would work? Or perhaps borrow a dress from a friend. When all is said and done, you’ll remember the fun you had, not what everyone was wearing.
Skip-A-Pay. When all else fails, consider skipping a loan payment! TTCU offers the option to “skip-a-payment” (SAP) on select loans. For a small fee, you can skip a monthly payment and use the extra cash to get you out of a bind. There are restrictions though, so educate yourself. You can request an SAP* at any branch location, by phone or online.
Christmas is magical. It’s even more magical when you can embrace the holidays and not stress about those January bills. Let us help you make the most of this special time.
* Some restrictions apply. See Skip-A-Pay with TTCU for more details.