The holidays are right around the corner. Are you ready for a season of parties, shopping and gift giving? From meals to gifts, it can be overwhelming.
Holiday meals or parties can make your grocery costs soar, not to mention all the prep work! Create your menu ahead of time, and as family members and friends ask “what can they bring,” you will have a suggestion and give yourself some extra time out of the kitchen.
Last minute and impulsive gift purchases can do havoc on your budget. Make a list of all the people you are purchasing for with ideas and the maximum you are going to spend for each. Start your shopping by doing some research; get an idea of what the current prices are on the items you hope to buy, that way when you are shopping you know if you are getting a “deal” or not. Black Friday can offer very good discounts, just be sure to plan your purchases in advance.
Mid-Minnesota Federal Credit Union is here to help take some of the financial stress away for the holiday season if needed. There are several ways MMFCU can help. We offer a Holiday Cash Loan, VISA Credit Card or the ultimate versatile gift for those “hard to buy for” people, the MMFCU VISA Gift Card.
Holiday Cash Loans are available now through December 24 with a minimum of $500 and a maximum of $1,000 per individual or up to $2,000 jointly with rates as low as 3.99% APR for those with an active MMFCU checking account relationship with auto pay. The Holiday Cash loan will then be paid back over a 10-month period. Holiday Cash dollars can be used for your holiday purchases anywhere you want to shop.
VISA Classic & Reward Credit Cards allow you to take advantage of a 1.99% APR introductory rate on all your holiday purchases. This could be a better option than high interest rate retail store card solicitations you will get while shopping!
VISA Gift Cards
Added Security - Replaceable if lost or stolen.
Available for any amount between $5 and $750.
Accepted Worldwide - Just like cash.
If you currently have a loan at MMFCU check out Mid-Minnesota’s Holiday Skip-A-Payment program which allows you a quick and convenient way of finding some cash in your pocket over the next few months. With this program, qualified MMFCU borrowers may be able to skip up to two payments on a variety of MMFCU loans, including, but not limited to new and used auto, boat, RV and more.
If the holiday “spending” season caught you by surprise this year, make a resolution to yourself to be more prepared for the 2016 season. MMFCU can help you set up a separate savings account with automatic deposits or open a VISA Rewards Cards so that you can start earning points towards merchandise, travel or cash back in 2016. There are additional tips for holiday spending at America Saves.org, on Beating the holiday Financial Blues.
Bottom line, we wish you and yours a Happy Thanksgiving and peaceful holiday season.