It seams that with all the excitement of the holidays comes
expectations of greatness from friends and loved ones. Quite
frankly, Chirstmas is expensive. Many people flock to payday
advance services to get them through the holidays. Is this a
little short sighted?
Yes, it's the holidays. Everyone is hoping to make this
Christmas season the best it can possibly be for the friends,
family, and most importantly, children. Sometimes money is
tight. Is going out and using a payday loan the right choice?
Let's discuss the pros and cons of using a payday loan for
Christmas time. I actually like this situation a lot because I
get to use my favorite cheap ploy. I get to connect financial
responsibility with the happiness of your children. Let's jump
in.
Pros For Payday Advances at Christmas Time If you are a little
strapped for cash, you can quickly and easily get money to get
you through Christmas. There are no credit checks and you could
have cash in hand in minutes. That's about were the "pros" stop.
Cons Against Payday Advances at Christmas Time While payday
advances are a quick fix and will get you cash immediately, you
will have to pay back the money in just a week or two. You know
full well going in that you will have to scrape up the money in
the very near future (probably before Christmas is even here).
Do you think you'll have extra money during Christmas? Odds are
strong that you will not have extra money laying around just
before Christmas. Even if you did have extra money sitting their
in your wallet, do you think you would use it for paying off a
payday advance? If the answer is yes, the by all means, use a
payday loan for your needs. However, for most advance loan
users, this simply is not the case. The spirit of Christmas
tends to put us in the spirit of debt. It's great to take the
family out to eat or to a movie. During the holidays, we all
want to do a little more than we generally do. This is great, if
you an afford it.
You need to consider you kids Christmas. You want it to be
special, right? I think it's safe to say that we all want our
kids to have a special Christmas. So should we blow everything
on this year? What about next year? Don't you want your kids to
have a great Christmas next year? If you want your kids to have
a great Christmas next year, then why on earth would you steal
money right out your child's stocking just to hand it over to a
payday loan as interest?
In other words, why are you giving money to a bank or payday
loan service when you could be giving it to your kids. I
understand that you may not have the money right not to buy them
everything that you would like to. However, you will have
$50-100 less for your children next Christmas for every week you
take out a $500 payday advance. So think about your options. If
you expect to be flooded with cash next year, then don't worry
about your current situation this year. However, you'll probably
be in the same position next year. In that case, why make next
Christmas any harder than it has to be?
Don't Associate Dollars Spent With Happiness Some of us feel
obligated to go above and beyond when it comes to Christmas
giving. This is great if you have the money to do so. However,
if you are paying high interest to go above and beyond, you
won't be giving that much for long. You'll be swallowed alive
with debt.
Christmas is not a money spending contest.. Christmas is about
being generous, but it's mostly about spending time with family
and forgetting your problems for a little while. If you measure
the quality of your Christmas with your pocketbook, you are
missing the point. In other words, you don't have to wreck your
financial future over Christmas. By getting a little creative,
you can make your children very happy without spending a ton of
money. If you feel that your children won't be satisfied unless
you spend a fortune, maybe you should take a second to think
about what you are really teaching your kids.
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