The holiday season is the ideal time to have an additional safety net in place.
We’ve spent the past few weeks helping you get the jump on the holidays by preparing your finances ahead of time. The best way to ensure you’re completely prepared is to have a backup plan in place so that when you’re invited to an extra holiday party or you’re suddenly hosting an unexpected family member, you can cover those expenses as well.
Two excellent ways to fund your holiday fun are a credit card and a personal line of credit.
How to use a credit card for holiday spending
A credit card offers a variety of benefits when you’re managing your holiday expenses—be they expected or unexpected. Depending on what card you choose, you’ll enjoy:
- Convenient access to your funds when shopping in-store or online, including contactless payment
- Earning points you can use on gift cards, travel, and more
- Cashback you can spend or apply to your balance
- Balance transfer options to help consolidate debt
By picking the right card you can pay for the expenses you’ve budgeted for and enjoy a little bonus at the end of your billing cycle, and manage unexpected expenses and give yourself a little breathing room.
How to use a personal line of credit for holiday spending
A personal line of credit is a low-interest option that allows easy access to funds via a transfer to your checking account, making it a great option for dealing with unexpected expenses. By setting up access to your personal line of credit before an emergency occurs, you’ll have the peace of mind that you have funds when you need them.
If the budget you developed is starting to feel strained, a personal line of credit can help you enjoy the rest of your holiday season and easily consolidate debt at the end of the year.
You may find that one or the other of these options is the right fit for you, or you may find that you want both a credit card and a line of credit to allow for maximum flexibility. No matter which one you choose, First Entertainment has products tailored for entertainment professionals that take your unique circumstances into consideration. To learn more about your options and get started today, visit us.
