The holidays can be a stressful time for your finances. Even though you know December 25th is coming – the same time every year – it still manages to sneak up on you when you realize in September that you only have six or seven more paychecks before Christmas to get your shopping done. This is nearly always traumatizing if you haven’t been budgeting for holiday shopping all year long using something like a Christmas Club type of savings account.
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The important factor in this plan is paying off the entire balance of your purchases before the introductory period expires. If you do not believe you can easily do this, then another type of budgeting may be the way you should go. Finding yourself with a balance still owed after that initial offer’s time period could catch you unprepared to watch the remaining balance soar with the high interest rate that starts after the time frame expires. In fact, you could end up paying almost twice as much as you could have if you keep it within the introductory period.
So make the choice to use this financial tool to defray holiday expenses cautiously and plan carefully for how you will be successful. The point is to keep your expenses managable without causing yourself undue additional stress, so make sure you follow the rules in getting the debt paid on time and not incurring any penalties for lack of payment or not paying on time. If you do this, you could not only have a better time shopping for gifts than you ever have before, you can be building a great credit profile for yourself as well. Shop for the best card offers available at 0aprcredit.cards and choose the one that is right for you. You can also find out more about the impact of credit card interest rates here: https://www.usatoday.com/story/money/2017/06/14/why-your-credit-card-debt-get-more-expensive/102813058/
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