Great Lakes Credit Union Helps Members Weather the Holiday Storm
With the holidays right around the corner, Great Lakes Credit Union gives members sound advice on how to keep finances above water in the middle of this year’s shopping frenzy. By taking proper steps in December, members can breathe a sigh of relief into the New Year without the burden of post-holiday debt. Follow these simple tips and plan ahead for the next holiday season in 2012.
Holiday Wisdom from Great Lakes Credit Union
- Stay within budget when shopping for gifts
- Look into Credit Union Holiday Loans instead of overloading your credit cards
- Take time to enjoy family, friends and the true meaning of the holidays
Preparing for Extra Spending Over the Holidays
- Open a Christmas Club account with Great Lakes Credit Union and save all year for Holiday shopping. Deposit a small amount from every paycheck and you will be surprised how fast it builds-up–you won’t even miss it!
- Great Lakes Credit Union offers holiday loans at lower interest rates than most credit cards, so you receive a fair and affordable interest rate on your loan.
- Skip-a-payment programs are also available during or right after the holidays, which keep more available income in your checking account to help pay for holiday purchases
Smart Savings Tips
- Save a little every month
- Evaluate your needs and wants
- Make a budget and stay within your means
While $20 here or $50 there may not seem like too much to spend, when you look at the total amount spent for the twenty people on your list ($20 x 20 people =$400 / $50 x 20 people = $1000 / $100 x 20 people = $2000) you get a better picture of how this affect your total budget.
Perhaps there are ways to reduce your list or cut back on expenses. Maybe Grandpa doesn’t really need a battery operated holiday tie after all!
