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How to Save Money on Last-Minute Holiday Shopping

by Roma / Thursday, 17 December 2020 / Published in Uncategorized

Are you one of those holiday shoppers who is convinced that you do your best work under pressure? Perhaps you always feel as if the holidays just creep up on you! No matter what, facing the task of last-minute holiday shopping can be stressful—and expensive. However, with a little time and a little planning, you could end up scoring better deals than everyone who finished crossing names off their list back in November. Make your last-minute shopping missions successful and affordable with this advice.

Do Your Research

Even though you’re shopping late in the game, resist the urge to run into a store and grab the first thing you can find. If you have some gifts that you want to get, spend a little time researching pricing in different stores. During the end of the shopping season, stores usually offer their deepest discounts and may have additional incentives, like increased loyalty points or free gift cards with purchase. Spending some time finding the stores with the best deals for the items you want can save you a significant amount of money while allowing you to get exactly what you want for your family and friends.

Take Advantage of Points

The holidays are the perfect time to reap the rewards of loyalty points and other purchasing incentives you’ve built up over the year. Tap into your credit card points or cash back, cash in on loyalty point coupons from your favorite stores, and make use of your cash back from any rebate site memberships you have. These incentives will help you boost your purchasing power without having to dig further into your bank account.

Get Creative

The best holiday gifts come from the heart, so think of using your talents rather than your cash to give holiday gifts that really count. For instance, mixing up a few big batches of your favorite portable foods and presenting them in some nice baskets or decorative bags is a cost-effective way to check off everyone on your list in a small window of time with gifts that feel personal and thoughtful. Tap into your talents instead of your wallet for gifts that your friends and family won’t soon forget.

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  • Minimum loan amount: $200
  • Maximum loan amount: $5,000 per transaction
  • Minimum loan term: 120 Days
  • Maximum loan term: 36 months
  • Lien Fee: $21.08 for the state of New Mexico (amounts vary per county for other states)

For more information or questions or concerns visit the Financial Institution Division HERE

*The example calculation is based on a guaranteed loan for a term of 120 days.

MAXIMUM ANNUAL PERCENTAGE RATE*
The cost of your credit as a yearly rate.

175.00%

FINANCE CHARGES*
The dollar amount the credit will cost you.

$109.36

AMOUNT FINANCED*
The amount you were given directly.

$300.00

TOTAL PAYOFF*
The amount you will pay once all programmed payments have been completed.

$409.36

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