Holiday Loans To Help With Shopping

A couple are happy about their loan approval to help with holiday spending
Spending And Borrowing With Holiday Loans
Part 1 Do You Need A Vacation Loan? – Keep Costs Low
Part 2 Holiday Loans To Help With Shopping
Part 3 Online Shopping And Responsible Credit Card Spending
Part 4 Christmas Loans To Help You Celebrate

The best way to pay for a celebration like Thanksgiving is to save up in advance. However, this is not always possible especially in times of economic gloom and stagnant wages. So, what is the best way to enjoy the holiday without getting too deep into debt? Whether you are the one hosting the dinner or you are traveling to see your family, there are several options open if you do not have enough savings to pay for Thanksgiving day. In this article we take a look at:

  • Paying for holiday celebrations
  • Taking out a personal loan for holiday expenses
  • What comes after Thanksgiving
  • The fierce competition between stores on Black Friday

Credit cards with rewards

One of the options open is to pay by credit card. If you can afford to pay off the balance at the end of the month you will be getting interest free credit and will not end up in debt. If you are resilient enough to step back from the temptation of overspending, this could be a good choice.

American shoppers spent $5 billion  in 24 hours on Black Friday in 2017

In addition, if you choose a card that offers a cash back reward system and use it in the months leading up to the holiday season, you might even rack up enough rewards to pay for the whole day itself.

Personal loan from the bank

Taking out a personal loan to pay for a holiday event is not recommended. This kind of loan is more useful for large purchases like a car or a home refurbishment. It is a long term commitment and if you are granted a loan for a larger sum of money than you actually need, you will be paying for Thanksgiving day for many years.

Short term payday loans

A payday loan can also be used to cover the expenses for this special holiday. It is important to understand that a payday loan is the most expensive form of borrowing. But, if you go into the deal with your eyes open you can make use of a loan and enjoy that special holiday down time with family and friends.

A group of friends are shown holding shopping bags

Taking out a payday loan should only be considered if you are sure that you can repay the money in full and on time. Online loans can be arranged within a few minutes and applications can be done from your own home. So, there is no need to miss out on the important celebrations at Thanksgiving. Just be careful to choose the right kind of credit and you can sit back and relax with your family, watch the football and eat until you feel like bursting.

What comes after Thanksgiving

After the laid back day at Thanksgiving comes the American tradition of Black Friday sales and shopping. Ever since 1952, Black Friday (the day after Thanksgiving) has been seen as the start of the season for Christmas shopping. Many stores open early and even though Black Friday is not a national public holiday, some states recognize it as such. Many shoppers take a day’s leave so that they can take advantage of the best discounts and deals.

Ever since 1952, Black Friday – the day after Thanksgiving – has been seen as the start of the season for Christmas shopping.

Since 2005, Black Friday has been the busiest day of the year for spending. TV news stations constantly show hundreds of frantic shoppers fighting over the best offers. But, in 2014, sales fell for the first time since the financial crisis of 2008. The new kids on the block are online stores and they are responsible for the decline in sales at brick and mortar establishments. Nevertheless, overall sales in 2016 were still going down on previous years.

Why is it called Black Friday?

Citizens of other countries have never understood why the busiest shopping day of the year is known as Black Friday. The origin of the nickname goes back to at least 1961 when, in Philadelphia, it was called this because of the disruption of heavy traffic jams caused by a surge of shoppers going to the mall.

Five friends are shown shopping at a shopping mall on Black Friday

In the earlier days of the Black Friday phenomenon, retailers opened at 6.00 am. In the modern era, they started to open earlier at 4.00 am or 5.00 am but by 2011 some of the most well know retailers like Macy’s and Beales opened their doors at midnight.

Pushing the envelope even further, the following year Wal-Mart and some other stores revealed that they would open at 8.00 pm on Thanksgiving Day itself. This news was not welcomed by their employees who were being forced to give up their special family day. And, many people who would have otherwise enjoyed a relaxing day at home felt obliged to queue up for the many bargains on offer.

Fierce competition among stores

These changes have not resulted in a lessening of the fierce competition amongst stores and customers to offer and get the best deals. They have increased the greed driven push for more profits and have eroded away a long standing tradition that began quite benignly but has since deteriorated.

Shoppers camp outside the stores so that they can be first in line when it opens. There have also been reported violent incidents and even some deaths attributed to this frantic shopping experience. And, problems with health and safety as well as unreasonable demands on staff have also taken some of the shine off this memorable annual event.

Spending And Borrowing With Holiday Loans
Part 1 Do You Need A Vacation Loan? – Keep Costs Low
Part 2 Holiday Loans To Help With Shopping
Part 3 Online Shopping And Responsible Credit Card Spending
Part 4 Christmas Loans To Help You Celebrate

About the author

Mark Larsen

Mark Larsen has worked in the finance industry for over 20 years. Over the course of his career, Mark has amassed experience in personal finance and especially short-term lending. He shares his valuable insights on onlinecreditusa.com