The time has come, the cold season has begun and the most expensive months of the year are just around the corner: according to statistics, these are December and January.
There is hardly any savings in December: gifts, mulled wine evenings and shopping tours are on the program. Often there is also a little trip to visit relatives or friends on the holidays. And in January there are also high one-off payments, such as membership contracts, insurance and other expenses. So that you grab your head by mid-January at the latest: you should have been more economical.
But next winter the game starts all over again. At some point you accept it as inevitable. If you get Christmas bonus, or if you have reserves for the most expensive time of the year that you can access, it is often perceived as “not that bad”. But what to do if there is not enough money to cover all expenses?
There are various ways to get Christmas funded:
Consumer loan for Christmas shopping at retailers
Many retailers are advertising with zero percent financing at the time. But with such financing there are often hidden costs: processing costs or processing costs are just a few examples. In addition, if you have overpaid and are unable to pay the installments, traders – unlike a bank – could cancel the financing and request an immediate repayment of the entire amount.
Everyone knows that nothing is more expensive than going into the red with a checking account. You pay 15% and more in interest. Paying for consumer wishes is an economic nonsense, especially when there are far cheaper alternatives.
Small loan for Christmas
Even if it sounds strange – “Christmas credit” – it is often a better and, above all, cheaper way to get through the holidays well than the two mentioned above. Such loans are so-called mini-loans, the sum is usually in the three-digit range and is repaid within 3-12 months. A few well-known small loan providers are listed below (interest rates depend on creditworthiness):
Of course, you should only think about a loan if you can repay it. The idea: “I will finance my Christmas” should not be unpleasant. Situations can be different, and if it happens only once or rarely, there is nothing wrong with it. After all, you should spend the most expensive months of the year as pleasant as possible, but of course also carefully.