With Christmas fast approaching, you might find you’re in need of some additional funds to put towards presents or travel plans for the annual family feast.
We’re lucky that we can access cash when we need it in so many different ways, whether it’s borrowing the money, putting it on the credit card or relying on a “buy now pay later” option.
Of course, there are the eligibility requirements that you have to meet as well as a commitment to repay the money, so don’t assume it’s a quick fix and it negates the need for saving in advance for the festive season.
No matter how you access extra funds, it’s important to treat the loan as short-term finance and aim to pay it off as quickly as possible in the new year. This not only clears the cost but it will minimise any interest you’ll pay.