Before You Buy Christmas Gifts.. Pay Your Mortgage
It happens every year, and it will happen again this year too. People with mortgages will strangle their credit with huge Christmas shopping expenses, and forget about their main responsibility – to pay their mortgage!
We have collected for you some ideas on how you can save money or generate moderate cash until Christmas. Remember on January Christmas will be over, but your mortgage payments will be still claimed by the bank.
Here are some advice and ideas how to save and be a rational Christmas shopper by My.Gov.Im:
Compare prices in different shops. Buy what you want and not what other people say you need. If you, or one of your family, just want a mobile phone for calls and texts don’t be pressured into buying a smart phone just because they are the latest thing. It will be more costly and a waste of money if it won’t be used to its full potential.
Pre-Christmas is costliest shopping time so if you’re after a “big” family present like a high end games console or TV…wait until the Sales. If you can’t bear the idea of this at all – what about buying gift cards or vouchers for the item and using them towards it in the Sales. Remember though, gift cards and vouchers should be treated like cash so take care of them. Make sure you use them before they go out of date. Also, consider where you buy them from – if a company goes bust they are likely to be useless.
Don’t be a foolish foodie
Make a list of what you need and don’t be tempted by things you don’t. More often than not you don’t need the extras and you waste food and money. Special offers and “3 for 2’s” are great if you are shopping with like-minded friends or family and the food can be split between you. However, if not, the reality is often that you end up with lots of food you can’t eat before it goes out of date.
Do you have an artistic flair?
You could make gifts like biscuits, sweets, chocolate, chutney or jams for your loved ones. People often appreciate such presents even more as they know extra care has been put into them and you can save money whilst doing something you enjoy! read more..
Paying Off Your Mortgage On time Or Sooner
Paying off your mortgage can be a reality, all you have to do is to stick with your plans and make the right decisions. All year round living by a tight budget is the way most people live, but around Christmas is where most of the families let go. The Christmas shopping bill will be delivered in the next credit payment or the next mortgage due date.
Be smart, shop Christmas gifts sensibly.
So What Is The Next Step?
If you will do nothing.. don’t expect anything to happen. You must bump your credit score up! It will give you better leverage when facing the lenders, and better negotiation position when applying for any financial need.
Lets not forget you are probably paying $500-$1000 extra per year in higher interest rates, and credit payments.
If your score is below 700, you might want to clean it yourself – get this ‘Credit Repair University’ which will save you money and time.
Yes, you might need to invest a small sum to get a grip of things.. But if you think education is expensive.. try ignorance..
You are probably paying thousands of dollars per year in fees and interests to credit companies which could be going straight to your pocket. Don’t be cheap when it comes to financial education.. Ignorance costs more.