holyday_loans Holiday

How Holiday Loans Can Transform Your Small Budget Into Big Plans

Holidays are not limited to one season a year. Personal occasions like birthdays, anniversaries, and other meaningful dates are arguably even more important than the days celebrated by the population as a whole. Arranging a unique gift for an intimate occasion that only the two of you share holds special meaning to someone you love.

Starting a holiday/special occasion budget early eliminates the last-minute stress, while giving you options for a more elaborate gift. Follow the steps below to simplify gift planning.

Start early

The earlier you start, the easier saving and planning will be. Create a quick budget (or just get a general idea of the amount you will need), see how long you have to save, and set aside a set amount of money every month until the occasion. For example, if you want to spend $600, and the event is 6 months away, then you know to put aside $100 a month until then. This approach is much less overwhelming than trying to come up with all of the money on short notice.

The same goes for planning of the event – finding just the right venue or item is less stressful when you have ample time to do so.

Simplify

Figure out the most important part of the gift – is it a physical item, an experience, or something else entirely? If you are looking to create a certain feeling for someone, look at unique ideas to bring that to life without spending a fortune. Always wanted to take your wife to Paris but can’t quite afford it this year? Go for an upscale but intimate French cuisine restaurant instead, and maybe write some romantic poetry. Your loved one will not be disappointed. Be creative!

Finance

Having a budget and knowing how much you need is a great first step, but what about actually coming up with the funds? Examine your regular monthly budget closely and see what you can cut or pause. Video and music subscription services, eating out, or expensive hobbies can be stopped at least temporarily while you come up with the holiday fund.

A holiday loan is another great option. There are no complicated terms and conditions – the lender provides you with a lump sum of money which you repay, month over month, until the debt is gone. The interest rate is typically fixed, making the payments consistent and predictable.

A little planning goes a long way in making someone’s holiday or special occasion a truly breathtaking experience. Holidays are typically not a surprise, so mark them on your calendar and get to work ahead of time. Contact us today and find out how we can help you.