The Easiest Way to Save Cash for Christmas

Wondering where the money will come from to pay for this year’s Christmas gifts?

If you’re like most people, you try really hard to save money all year, only to have something come up where you have no choice but to use your savings.  And then, when the holidays come along, you have no cash, so you either cut way back on your Christmas shopping or you get a new credit card and end up paying for it all year.

Well, here’s a novel idea – why not use a prepaid Visa card to pay for this year’s Christmas?

This year, instead of worrying about how you’ll pay for Christmas, start saving now – but, instead of putting your money into a savings account that’s all too easy to simply transfer into your checking account, get a prepaid Visa card and start putting cash on it every week (or month).

If you start now, you might just have enough money in the account before it’s time to start this year’s Christmas shopping!

 

 

 

Fingerhut FreshStart & Christmas (in July)

Christmas in July?  No, this isn’t one of those sales gimmicks, either…this is a legitimate way to start planning how you’re going to pay for this year’s Christmas gifts!

If you’re like most people, you don’t have a lot of extra money during the year to put back for Christmas gifts…besides, it’s so far off, right?  Wrong.  Christmas is actually only five months away, and now is the time to start planning this year’s budget.

Well, here’s an idea for you – especially if your credit is a little tarnished.  Why not start rebuilding your credit today with the Fingerhut FreshStart Program so that you may actually be able to shop this December?

How’s that going to work?  Well… actually it may be easier than you think.  With Fingerhut’s FreshStart Program, you can get up to $250.00 credit now, and once you pay the initial purchase off, the account is converted to a revolving charge account… just in time for the Holidays!  Want to know more?

What is the Fingerhut FreshStart Program?

Essentially, the Fingerhut FreshStart Program was set up specifically for people who often can’t get credit any other way.

How do you enroll in the FreshStart Program?

It’s pretty simple:

  • Start by filling out a brief credit application, and once you’re approved, open an account (most people get approved and usually start out with $250.00 credit).
  • Shop their online store and charge something between $50.00 and the total amount of credit available to you.
  • Make a one time “down payment” of $30.00 when you place your order.  Once your $30.00 payment is cleared, Fingerhut ships your order.
  • Then, you simply make 6-8 regular payments (on time) until you pay off the purchase.
  • Once the original purchse is paid off, your account is then converted to a revolving Fingerhut charge account.  This means you’re eligible for credit line increases, and you can take advantage of the full line of buying options for every purchase you make (including deferred payment plans, low monthly payments, and a very reasonable monthly APR).

Even better, Fingerhut reports these regular payments AND your initial (and increasing) credit line to major credit bureaus.  This actually helps you build your credit by:

1. Reporting a history of regular payments with Fingerhut.

2. They report your “available credit” thereby showing or increasing the amount of credit shown as “available” on your credit report.  (This decreases your credit utilization if you’re not using the full amount available to you.)

Why not consider Fingerhut as the easy way for you to improve your credit?

Handling Student Finances

Heading off to college this fall?  Perhaps you’re sending someone off to college this fall?  Wondering just how to handle money while you’re in school?

Regardless of whether you’re the one heading off to school or you’re the one sending someone off to school, making sure that the money you need is there when you need it is very important!  And I’m not talking about tuition, fees, room and board, etc…. I’m talking about the money that you (or your child) will need on a day to day basis.

Fortunately, there are several ways to handle long distance finances:

1. Give your student a credit card with a reasonably low limit (say $500.00), and then allow him or her to use the card to pay for day to day expenses, emergencies, etc., that arise.  Of course, if you choose this route, make sure that you sit down and agree on what the card is to be used for, who will pay for what, etc.

2. Give your student a prepaid card with a set amount of funds available to use for day to day expenses.  Once again, sit down and talk about what “day to day expenses” entails and who will replace funds are they are depleted.

3. Send your student away to school with a debit card that’s attached to his/her bank account.  (I personally do not like this option because it’s too easy for the card to be lost, stolen, or simply for him/her to overspend.)

Whatever way you choose, be sure that you both agree up front about the way those funds will be used, who will pay for what, and so forth…otherwise, college may be far more expensive that you thought!