It’s now only six weeks until Christmas! The festive season is always one for overdoing it on too much turkey, but at Nottingham Credit Union we want to help you make sure that your festive hangover isn’t a financial one which sticks around, by giving you our top 5 money saving tips.
Christmas is traditionally a time of year for the giving and receiving of gifts rather than money saving, but last year the Money Advice Trust flagged that over 16.9million of us borrow to cover the cost of Christmas and that 76 percent (12.8million) use credit cards and 2.6million use high-cost catalogue credit.
We’ve compiled some top money saving tips for Christmas but, if you must borrow, borrow responsibly and affordably as it is all too easy to get trapped in the debt cycle with payday loans and high-interest borrowing.
We know that Christmas can be an expensive time of year and, if you do need to borrow, Nottingham Credit Union can offer you a low-cost loan (and ways to help you save for next Christmas at the same time). We are not for profit and don’t impose any early repayment charges or penalties.
Whether you have already saved with us for Christmas or you need to borrow a little more, you can register for our easy, safe and secure online and mobile banking here to have access to your money within three hours.
To find out more, call us on 0115 828 3121 or apply on our website.