Should you borrow before Christmas?
Now we are starting to approach one of the very best festivals of the year, which of course is Christmas. However, it is a time of year that usually costs quite a lot of money which can create problems. Are loans then the right way to go?
Have for me that I have seen figures that say that on average Christmas costs around USD 7,000 per person. Then you have included Christmas gifts, gifts etc. in the costs. So it is the question of quite a lot of money that will go out and it is far from anyone who has these sums and then quite a lot turn to loans.
Even though we run a site that deals with loans
We want to try to get you in the second thoughts if you considered this. It is generally not a good idea at all to borrow money for something like Christmas. Especially considering that a lot can be done to reduce costs.
For example, that a little over USD 3,000 goes to Christmas presents is not necessary in any way. You can buy a lot of gifts that will be appreciated for much less money than that. If you just think a little, there are lots of cheap things. Sure, it requires more thought but thinking is fortunately free. You can then choose to make the gifts yourself which is normally even cheaper.
There are many other ways to save money for Christmas
If you tend to invite to a big Christmas table on Christmas Eve change then that everyone who comes with them parts of the Christmas table, the cost will not be immediately high for anyone.
So try to save on the costs instead of borrowing some money for Christmas. It is not money that makes Christmas a pleasant experience, but it is community that is most important and it is cheap.
So the answer is without a doubt that you should not borrow any money for Christmas costs. The same answer applies to New Year, Midsummer, Easter, etc.