Usually it is said that you should take a loan when you need some additional cash. This requirement is stricter in the case of payday loans. Ask for the cash advance only if you absolutely need the cash. Payday loans cannot solve your financial crisis. They can at best solve your immediate cash crunch situation.
But what about the holidays? Is it a good idea to do some shopping with the borrowed money from these loans? It is indeed. We will see how you can save money using payday loans shopping for the holiday season. In short the offers you get during holiday seasons by far surpasses the cost of taking a payday loan. The maths favors taking a payday loan and doing the holiday shopping. In fact this is actually happening a lot in the US. During Black Friday and Cyber Monday sales, the number of people taking payday loans increases many folds. In fact we think that during these times even those who have the money take payday loans to do shopping. They very well know that the fee they pay for the loan, will be less than the money they save in discounts. So essentially even after paying the fees, they benefit.
Taking a loan during holiday season is a relevant question because conventional wisdom will tell you otherwise. However having said this, it is also a fact that Christmas isn’t going to wait for your next paycheck. So if you don’t have the money to do the Christmas shopping this year, then it would mean nothing for this year. Nothing new for the home, no new toys and gifts for your kids and family, and no holiday gifts for your near and dear ones.
The kids are going to be unhappy, which you don’t want. Everyone is going to feel that you have failed to provide for the family in this important time of the year. Is that a nice feeling? Certainly not!
Holiday Shopping – The Cost of Missing Out
There is a risk in this too, as it can lead to depression and mental trauma. Your home is in darkness when all your friends and neighbors are celebrating and lighting up their homes. Plus, there is another aspect as well. If you suddenly stopped giving away Christmas gifts during the holiday season, then everybody in the family is going to know about your financial problems. It is not going to remain confidential any more. Surely that is not going to be a nice thing. After all, you don’t want the world to know about your financial worries. It could be worse if they begin to send you money.
There Is Another Price to Pay for Missing Out
Once every year, the retailers pull out all the stops to offer monster discounts. It is called the “Black Friday” sale and it is held on a particular day about a month before Christmas. Yes you can benefit form this sale every year, if you have the information, and know why it might be a good idea to shop on this day even with borrowed money.
Black Friday is organized to entice shoppers. They offer special discounts and record-low prices to make people come to their stores. Traditionally, stores didn’t profit throughout the year. In other words, they were in “red”. The day was called the Black Friday because this is the day from when they turned “black”, or began to make a profit. This isn’t true anymore, but the special offers and discounts continue to be provided. These days, even the online stores are offering Black Friday discounts and offers. That of course means many more opportunities to profit from these sales.
The Opportunity
Now here’s the opportunity. All of us need to buy things, even those who are living from one paycheck to the next one. The idea is to identify the real deals, where the physical and online stores are selling things at a very big markdown and get the things you need at these low prices.
You might have to purchase many of these things eventually, even with your limited resources, as not all buys can be put off indefinitely. However making the essential purchases at this time means that you will be saving money, even when you add the cost of the payday loan to this (the fee and interest outflow). You will still end up saving money because of the extremely low prices during the Black Friday sales.
Then there is the “Cyber Monday” too, which is typically online as the name suggests. Online stores started offering the Cyber Monday deals as an answer to the Black Friday deals of brick and mortar stores. But to be quite honest, these days, many online stores are offering special prices throughout the weekend, from Black Friday to the Monday or Black Friday. So you have 4 days when you can prosper by saving money.
Consider the additional money you must spend on the same things, if you don’t purchase this time of the year, and you will see the valid point we are making.
If you are a smart shopper, you will certainly want to consider this as a viable option.
Garage Sales
Wait! There are other opportunities as well.
Many home owners want to clean their homes before the holiday season. They will go through all their stuff and discard things that they don’t want. Also, they want to make space for the new things they will get during the holiday season. So they will organize garage sales, where they offer their things at record low prices.
That’s another opportunity where you can get many useful things at low prices and save money, if only of course you have the money.
Unlike Black Friday, which is already gone for 2015, if you look, you will still find many garage sales this year. Many home owners are still busy trying to find out what they can sell off. So do your research and find out what they are offering. Look around your neighborhood. Ask your friends, colleagues and relatives. Do you see anything that seems handy? Surely, you will find many useful things there.
Take a Payday Loan, Get the Money You Need
Don’t wait for your next paycheck, as these opportunities and special deals might be gone by then. It’s fine if you don’t have the cash you need at this time. Take a payday loan. And quite frankly, you shouldn’t even consider this as a loan, because with this money, you will actually be saving money.
Often, from these sales, you can get things you need at 50% discount, and sometimes at even lower prices. Now, there is no payday loan product that will cost you 50% more than the borrowed amount at such a short time. Remember, these are short-term loans, where you borrow the money for just a couple of weeks.
So how much more can you end up paying to the lender, even with the interest and fees? Surely, it cannot be more than the 50% or more savings you make from buying at garage sales and Black Friday deals.
Get Smart, Buy Now, and Save Money
Be a smart shopper. Why spend more later, when you can get the same things for less at this special time of the year? Why deny your friends and family the things and happiness that they look forward to throughout the year? Why deny yourself the happiness that you deserve? After all, the financial crisis could just be a temporary thing. But if you don’t buy now, then you could feel sorry for the rest of your life. It will end up being a permanent blot in your life’s calendar. This year isn’t going to come back ever again.
Take our payday loan. Get the money you need. It’s a small price to pay. It’s a smart way to save money during the holiday season. Happy shopping and happy savings!
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