All Posts Tagged: Christmas
For many consumers the financial stress and debt burden created by the holidays can take away from the holiday spirit, joy, and time with loved ones that we cherish so deeply. And for some, the financial hangover can linger well into the New Year and beyond.
For many consumers, credit cards are “how” they spend at the holidays. Apart from convenience, here are two advantages regarding this mode of holiday spending:1) Take advantage of rewards or cash-back cards, if available. Adding in holiday travel (airfare or gas), gifts, groceries, and dining out, total holiday expenses can reach hundreds of dollars and more. With some cards offering up to 3% cash back or points for certain spend categories, rewards can accumulate over the holiday season and benefit you later. (Full disclosure: Bank of the West does offer a cash-back Mastercard ®.) 2) Many cards offer protections and benefits that can be particularly helpful this holiday season. Worried about buying that gift at a premium before the holiday season only to see it go on sale in early January? Some cards offer price reduction guarantees so that consumers can claim back the difference between what they paid and a new lower advertised price. Many cards also offer warranties and protections that extend store or manufacturer warranties. The services for each card differ, so check with your bank regarding the benefits on your card.
One final tip: Make one of your 2017 resolutions to start saving ahead of time for the next holiday season. By setting up an auto transfer of $50 per month to a savings account, for example, your holiday fund may help take the stress out of next year’s holiday spend.Read More ›
The end of the year is an ideal time to give a thank you to those who have contributed to your business success.Read More ›
Consumer spending still looks strong despite gloomy Black Friday estimates.Read More ›