By Coach Fin
As Fall arrives, you’re transitioning from your summer routine. Or getting your kids in a groove with a new school year — whatever that looks like for them. But before you know it, visions of sugar plums (or a new game system) will dance in their heads. Are you ready to start planning for the holidays?
Join the Christmas Club
However you celebrate the holidays, even the most cherished traditions can sneak up on you. Stave off holiday panic shopping and start saving now. When you shop under stress, it’s easy to forget your budget and overspend. Embrace the peaceful spirit of the holidays. Set a gift and/or donation budget, save your goal amount, and enjoy spending it on the people and causes that fill your heart.
The Cinfed Christmas Club is a great place to start. Open an account online. The earlier you start, the more you can save!
Consider a short-term, low-interest loan
Sometimes the best plans can go awry. If 2020 has thrown you surprises that leave you and your savings depleted, there could be another solution. A short-term, low-interest loan might be just what you need to restore your peace of mind.
- A signature loan can help you fund the holidays. You could also use it to consolidate bills or cover medical bills or other expenses so you can enjoy the holidays more.
- A shared secured loan lets you use your Cinfed savings or certificates as collateral.
Whatever loan is right for you, check out the current rates and apply online in three easy steps.
Choose a low-interest, high-reward credit card
Credit cards can help you through the holiday hustle and bustle, but it’s important to choose your card wisely. See which Cinfed Mastercard® is right for you. Whether you prefer cash back or rewards points toward gift cards, merchandise or travel, compare the features and benefits to find your best credit card fit.
You can also consolidate your credit card payments by completing a balance transfer to your Cinfed Mastercard®. In addition to making fewer payments each month, you can save money by transferring your balances from high-interest credit cards.
However you prepare for holiday celebrations, here are some tips to prevent overspending.
How else can we help?
Call or visit your local Cinfed branch to learn more about checking, savings or loans. A financial coach or other team member will be happy to help you. Expand your financial know-how on a whole library of topics at the Cinfed Financial Education Center.