How to get your finances in order before the holidays
With Thanksgiving just around the corner and Christmas not far behind, many Americans are already making early preparations – from buying presents to getting ready to celebrate. As a matter of fact, claims that 50% of shoppers started their Christmas spending before Halloween.
If you find yourself in this group of buyers, or plan to join in the coming days or weeks, you may already be analyzing your bank account to determine what you can and can’t afford.
Luckily, there are a number of reliable ways to boost your finances ahead of the holidays. You just have to choose the best and most sensible way for your personal financial situation.
An online financial advisor can help you with this Review your options today. Or read on to discover some alternatives that might work for you.
3 ways to improve your finances before the holidays
Earn extra money
Even if you have a full-time job, you can earn some extra money on the side.
One of the most popular and easiest ways to do this is via Participation in paid surveys. Getting started is easy. Simply create an account on a secure market research site such as brand surveys or Swagbucksanswer a few questions, then choose the surveys you want to take (some also indicate the approximate time frame it will take to complete the survey).
You will not(How much you make really depends on your time investment). Still, it doesn’t hurt if you have a little more time at night or at the weekend, especially if you’re about to buy small gifts.
Likewiseif you want to earn bigger sums.
Consolidate your debt
If you have outstanding debt at an unaffordable rate, it might be time to do it Consolidate your debt and save money. allow borrowers to consolidate their debt into one simple loan with a lower interest rate.
By consolidating your debt into one loan with a lower interest rate, you can start saving right away. But you will also save significant sums in the long term as the loan will be adjusted to a more manageable amount.
This is especially helpful for those with high-yield credit cards. The average interest rate on a 24-month personal loan was 8.73%, according to recent data from federal reserve. Compare that to the average credit card interest rate of 16.65% – almost double!
Therefore, check your current tariffs. Then compare the rates to a debt consolidation loan. It’s easy to Get started today.
Refinance existing debt
Granted, mortgage refinance rates aren’t what they used to be, but there are a few scenarios where they are. Homeowners with high interest rates could save money with debt restructuring, for example. this with you can also save.
This also applies to student loans. Remember: applies only to those with federal student loans. Private student loan borrowers are not eligible.
The final result
With the holidays fast approaching, take advantage of multiple opportunities to make more money and (hopefully at the same time) save. Talk to a financial advisor now who can help you find the best way forward.