Q: Holiday shopping season is here, but I can’t pay for it all! What’s the best way to fund my holiday shopping?
A: When it comes to covering the cost of your holiday shopping, you have several choices. Let’s take a look at some options and explore the pros and cons of each so you can make an informed decision. Credit cardsFor many shoppers, the most obvious way to pay for a purchase you can’t cover now is with a credit card. Pros:
SavingsDipping into savings to pay for your holiday purchases can free you from sky-high interest charges, but comes with drawbacks. Pros:
Unsecured/holiday loanAn unsecured loan, also known as a personal loan or holiday loan, is a loan that’s taken out with no collateral. Pros:
Holiday club accountWhen you open a holiday club account, you’ll make regular contributions toward your set goal throughout the year, and then have funds you’ll need for covering your holiday purchases when the season arrives. Pros:
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