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Holiday Loan: Is it Right for You?

November 16, 2016

Mother and daughter buying Christmas itemsThe holidays are coming, and the expenses can add up. Presents for family and friends, out of town travel, extra groceries for the big family meals, and even wrapping paper and shipping costs, all add up. We don’t want you to stress about the post-holiday credit card bill surprise. A Holiday Loan could be the answer, allowing you to focus on what matters most: your loved ones.

If you’re considering applying for a Holiday Loan to help cover your expenses, review this list to help you decide if it’s the right choice for you. If you have any questions, simply make an appointment with us, and we can help you work through the entire decision process.

1. Have you budgeted properly?

It’s always helpful to have a budget for your holiday spending. Make sure to include not only gifts, but travel, food, decorating, and other relevant expenses. If your budget is sound and you’re still not able to cover expenses, a Holiday Loan may be the answer.

2. Do you know how much you’re able to repay?

This one seems obvious, but some people don’t consider it: you should only borrow as much as you’re able to repay. Borrowing can save your holiday, but taking on too much debt won’t help. Make sure you know how to accommodate the new loan in your monthly expenses. If you’re not sure how to figure this out, we can help!

3. Do you know exactly how much you need?

Another pretty obvious one. It’s tempting to consider borrowing more than you need, so you can have a little extra funding for the unexpected, but it’s never worth it. Figure out what you’ll need to cover your holiday expenses, and stick to that amount. Again, if it fits into your repayment budget, consider a Holiday Loan.

4. Do you have a spending plan for the loan amount?

Have a spending plan in mind, and resist impulse purchases. Know what you consider acceptable, and what’s not part of your plan, and stay within the limits of your available funds.

If you’re ready to apply, it’s time to plan ahead and get started. That way you can apply, and if approved, get your cash in time for everything you need, well before the last minute! Call us today at 315.735.8571 to make an appointment.

Posted in: Blog Posts

Choosing a Cruise

August 29, 2016

View from back deck of cruise ship

A cruise vacation lets you visit different destinations every day, without the daily packing, moving accommodations, and finding meals and entertainment. Follow these tips when selecting a cruise:

1. Choose the right cruise line. The cruise line you choose should match your personal style. Do you prefer something more refined and peaceful, or do you want parties late into the night? Find one that’s right for you and the experience you want.

2. Check the destination(s). Most cruise lines serve several destinations, with choices from around the world. Check the details, and make sure your preferred stops are included.

3. Explore the ship (online). Larger ships offer more activities, dining options, and entertainment, as well as a smoother ride in rough waters. Smaller ships can visit small (and more “exotic”) ports and offer more personal service. Find one that meets your needs.

4. Find the right dates. If you’re flexible, you can find better deals. Popular destinations (and cabin selections) may sell out early during peak months, so find a compromise you’re happy with.

5. Speaking of cabin… Your room can make or break your cruise. Do you want the lowest price without worrying about the accommodations, or a top of the line cabin with an big balcony? They’re both popular and usually sell out early. Decide before you shop.

6. Find a good travel agent. If a travel agent is a particular cruise line’s “preferred” agent, they can get you lower rates, better cabin selections, upgrades, and other percs. Find the right travel agent for the cruise you want.

Choose wisely, and your travels will be enjoyable and rewarding. Have you started saving yet for yours? Ask to see if we can help!

Posted in: Blog Posts

Vacation Savings for Next Year: Strategies

August 18, 2016

Family in car on vacation

When you’re ready to start saving for next year’s big dream vacation, keep your goal in mind to stay disciplined and on track! Whether it’s a trip to the Adirondacks, a cross-country family adventure, or an international escape, make a plan to save, and stick to it.

1. Get Everyone Involved. If you have children and are planning a family trip, let them help earn and save spending money for the vacation. Odd jobs, sales, allowance savings, you name it. They’ll learn about saving for goals, how small amounts can add up over time, and feel a rewarding ownership of the entire experience.

2. Save Before Spending. The easiest way to save is by setting aside a set amount before allocating the rest of your weekly expenses. You can set it up automatically with a regular transfer from your checking to savings account, or depositing a set amount from every paycheck into the vacation fund. It adds up quickly!

3. Have a Plan to Pay for it All. In case your saving plan doesn’t accumulate the entire amount in time, have a plan for paying the rest off after you return from your trip. Set aside so much a week (or month) so you don’t forget about it. Try to pay it off in less than a year.

4. Spread the Cost. If you must put expenses on credit, spread them across multiple credit cards to avoid approaching the credit limit on any one card (which can have a negative effect on your credit). Smaller amounts are also easier to pay off.

5. Plan for the Extras. If you’re planning an all-inclusive vacation, you won’t really need to worry about the “extras”. If not, think about what you would normally spend at home on groceries, recreation and entertainment, and budget for that plus a little more to cover the “extras” on your trip.

Need a little help? Make an appointment to meet with one of our Member Service Representatives to help you with your plan!

Posted in: Blog Posts

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