Holiday Loan Alternatives
A holiday loan, even with bad credit is convenient but it might not be the best option. Even just a 200 dollar loan can have a big affect on your future. Think about whether you can afford the holiday loan, if the cost is too much or if you have other choices.
Here are some possible choices to consider that do not involve a holiday loan.
A Lower Cost Meal
Not all holiday meals require a bad credit loan to pay for. Make your holiday meal simpler and cheaper with a basic turkey dinner. The grocery stores practically throw turkeys away this time of year. Adding some home made mashed potatoes (all you need is potatoes, butter and milk) and a couple frozen veggies and you have a nice family meal for under 20 dollars.
Fewer Christmas Gifts
A want, a need, a wear and a read. That is all that you need to do for your kids to make the holiday special on a budget. They will never remember the gifts anyway, it is all about good times with family. Spare the holiday loan because with poor credit, it may be too costly.
Less Holiday Decorations
People seem to be going all out this year but with bad credit, you should not take out a christmas loan to keep up. Keep it simple and save your money for a better next year. Try out the old fashioned decorations, even going as far as stringing popcorn.
White Elephant Gifts
Instead of the adults exchanging gifts, why not do a “white elephant gift exchange”. Everyone brings a gift and then you take turns picking one. You pick in order and can steal from others. Each gift can only be stolen two or three times. It is fun and will let you avoid a Christmas loan.