For each passing year, our consumption increases, not least during Christmas. We go out on the streets and on the internet to buy Christmas presents for several billion USD. This holiday is, to say the least, joyful and for many perhaps the absolute highlight of the year, but unfortunately Christmas also has a dark side.
Many Swedes are indebted during this time because they take quick loans to afford everything that Christmas means, which they cannot then repay. Of course, a sms loan can be a very good alternative too, but as we have always said, it has to be responsible and realistic.
We at WiseOne Finance are now going to take a closer look at WiseOne Finance at Christmas time, what to think about and what alternatives are available.
Tempting but dangerous
It is not uncommon for many to find that Christmas gift shopping is stressful and difficult, but for others it may actually be one of the most fun of Christmas. Finding nice gifts for their partner, checking off their children’s wish lists and finding that perfect gift that brings a smile to their parents’ lips. After all, giving can be more fun than getting in some cases.
Sms loans can be a good solution if you have a little bad money just during the Christmas month, but are aware that you will get a better salary in the future. As long as you can take responsibility for the loan you take and are sure that you can pay the repayment, it is of course no problem to put a little gold edge on Christmas with the help of a loan. However, there is the risk that you can abuse these easily accessible loans because you see them as a quick solution. Many people forget who will sit with the bill in the end.
The responsibility lies with you
When it comes to borrowing money to buy Christmas presents, we can only warn that it’s probably not the best idea. It is simply not worth living over its assets to pay for a holiday. Although it seems like a good solution at the moment and everyone is happy with their Christmas presents, it will always be a count.
The very best is simply to think carefully and maybe find some cheaper alternatives. Or why not try to find an extra income if you know you want to buy some more or finer Christmas presents? Maybe sell some things you have lying at home? It is possible to find better solutions.
Alternative solutions to the Christmas problems
Below we will go through some conceivable scenarios where a loan can seem like a good idea and what alternative solutions it can actually find.
Your son has written a long wish list of things he wants, most of which are quite expensive. He has, of course, been inspired by what his friends wanted. Your finances are not enough to buy everything he wants, but you still want to be a good parent and put that genuine smile on his face.
Solution: The first thing you should do is calculate how much you can actually afford to spend on Christmas presents this year. Try to find out what is highest on your son’s wish list and focus on it. A good tip is to buy one or two slightly more expensive gifts and spend the rest of the money on more cheap gifts. Quantity usually beats quality when it comes to smaller children.
The month’s pay is not at all enough for the Christmas presents you want to buy for your family, but a Christmas without Christmas presents is of course not an option. However, you know that the next salary you receive will be much better.
Solution: Are you sure that your next salary is better and that you will not have any major expenses in the coming month, a sms loan may actually be a good option if you cannot afford your current salary. However, be careful about how much the loan will cost you in the end and try, if possible, to find a free sms loan if you have the option to pay it back within a month.
Your girlfriend wants a Christmas present that you can’t really afford. Of course you want to make her happy, but your finances don’t really allow it.