christmas gift,holiday,dealing with,credit card,financial,debt,due date,cash,credit card debt,crisis,5 Ways to Buy Good Christmas Gifts While Dealing with Debt,1,2,3,4,5,We hear out a mom’s cry for help as she wallows in credit card debt. Here’s how you can channel your creativity and resourcefulness. Visit us to read more!
LifeMoney

Cash Crisis: 5 Ways to Buy Good Christmas Gifts While Dealing with Debt

We hear out a mom’s cry for help as she wallows in credit card debt. Here’s how you can channel your creativity and resourcefulness to still come up with some memorable holiday presents despite your financial crisis.

shoppingQ: Help! I’m wallowing in credit card debt but I want to still get my family and friends good gifts this Christmas. What can I do?

A: About your credit card debt, first thing you should do is to organize your credit card information. It is important to take note of the interest rate, due date and minimum payment for the credit card.

Give your bank a call regarding payment options that would best fit your financial capabilities. It would also be a good idea to keep a ledger of all your transactions may it be cash or card in order for you to be able to find ways to cut back on unnecessary spending.

If you have multiple credit cards, it would be wise to just stick with one after settling all your debt. And most importantly… spend wisely. Control your credit card use so you don’t end up spending more than what you can pay for.

Keep in mind that it’s the thought that counts.  Here are some tips that can help you.
1.    MALL SALE. Gifts don’t have to be expensive. Malls go on sale all the time especially as the chilly “Ber” months approach. Take advantage of that and the variety that many malls and department stores offer.  We sometimes think malls are expensive places to shop, but oftentimes there are great deals because big corporations buy in bulk and sell it lower than smaller retailers.  This may be a smart strategy.

2.    BAZAARS. From personalized items to quality handicrafts, you name it they have it. What’s nice about bazaars is you usually won’t find what they sell in malls, which is a wonderful idea especially if you want to be unique with your gifts.  Plus, if you are good at haggling (respectfully!), sellers will usually accommodate your requests.  It’s best to look around for the “base price” of selected items so you make an informed choice.  Note however that your “suki” may not always give you the best price since they know you’re a regular customer and may sometimes take advantage of the business relationship by jacking up prices slightly.

 

Click here to read more tips on how to still buy good gifts despite credit card debt.

[previous|page|next]

Read on for more tips on how to still buy good gifts despite credit card debt.

 

3.    FOOD PRODUCTS. There are literally hundreds of bakeshops out there that accept orders for Christmas. Instead of getting one gift each for every family member, you can have a cake or a box of cookies sent to them that I’m sure all of them will enjoy.   It’s best to go by word of mouth to make sure that the goodies you send taste as lovely as they look.  It’s also fun to browse on the web for these.   The more reputable sellers usually have plenty positive comments.

4.    CHANNEL YOUR CREATIVITY.  It’s a known fact that Pinoys all love to take photographs. Why not pick the most memorable shot you took with your family or friends and print them. Instead of having it framed, which we know is a bit more costly.  You can just buy a picture frame in any department store and decorate it yourself. There are many useful websites out there that can give you an idea on how to add your own touch to the frames. This is also a fun activity for the whole family and is a very touching present to receive.   This also applies to handicrafts you may love to do.  Cross-stitching, knitting, paintings and other arts can be converted into treasured gifts.  It’s all about presentation, and again this need not be expensive.

5.    “RE-GIFT”. This is not so bad as long as you haven’t used the item of course. If you think that someone else can make better use of it rather than just letting it collect dust in your house or adding to clutter then better to wrap it up and give it as a valuable present to one who would most likely appreciate it. This is most often applicable to minor kitchen utensils and appliances such as dinnerware sets, cooking pots, coffee makers, electric water heater, oven toasters and the like that are usually raffled off by companies when they celebrate anniversaries, family days or even previous Christmas parties or occasions.

Lastly, this holiday season share your blessings. ‎

"Anything you cannot relinquish when it has outlived its usefulness, possesses you. And in this materialistic age, a great many of us are possessed by our possessions." - Mildred Lisette Norman

If you have old things lying around the house that are not being used anymore like grown out clothes, toys, reading materials or household items, you may donate them to charity. You can go online and pick a foundation that you would like to help.  Although cash is appreciated, it’s not the only way to offer assistance.  There are so many ways you and your family can help.  Even by volunteering!  What a great example for the children too. Because nothing is better than paying it forward!

watch now

 

Photo from sxc.hu

Trending in Summit Network

lorem ipsum

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod
Read more
lorem ipsum

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod
Read more
lorem ipsum

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod
Read more
Close