Budget-Friendly Ways to Cover Holiday Costs
The holidays can be expensive, but you can still keep your budget without having to dip into your savings or rack up high-interest credit card bills. Let’s explore some options!
1. Credit Card Balance Transfers
Holiday spending can add up fast, but your interest charges don’t have to. If you’ve made purchases on credit cards from other institutions or credit card companies, transfer those balances to a Cy-Fair FCU Day or Night Platinum Credit Card and save. Enjoy 0.00% APR* for 12 months on our Night Platinum Card or 6 months on our Day Platinum Card, with no balance transfer fees. It’s a simple, smart way to keep your holiday spending from turning into high-interest debt.
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2. Personal loans
Anytime you need a pile of dough, a personal loan can prove to be a much more affordable option than those high-interest credit cards. Apply for a Cy-Fair FCU personal loan, and you can walk out with the money you need to fund your holiday shopping shortly after starting your application. Like all of our lending products, our personal loans have low interest rates, which makes the payback plan affordable for almost any budget.
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3. Skip-A-Payment
At Cy-Fair FCU, we understand that the holidays can put extra pressure on your budget as you juggle your normal monthly expenses with current seasonal spending. One option that may help is our Skip-a-Payment program. This allows you to defer one of your monthly CFFCU loan payments to a later date, freeing up that money to cover holiday costs. By skipping a payment, you can give your budget a little breathing room to help you manage holiday expenses without relying on credit cards or taking on additional debt. It’s a simple way to divert funds to where you need it most.
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4. Refinance Your Auto Loan With Us (No Payments ‘Til 2026)
Another way to make room in your holiday budget is by taking advantage of our current auto loan refinancing offer. If your current loan is with another financial institution, you may be able to refinance with Cy-Fair FCU and delay your first payment until 2026. By postponing your next car payment, you can temporarily redirect those funds toward holiday expenses, helping you to cover those seasonal costs. It’s a practical way to ease financial pressure now while setting yourself up for a fresh start in the new year.
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5. Christmas Club Savings
While this option won’t help you this year, it can certainly help with next year’s holiday season. Our Christmas Club Savings Account allows you to set aside money throughout the year, so when the holidays arrive, you already have funds ready for shopping and celebrations. It’s a simple, disciplined way to save, as the funds remain tucked away until November 1st, when the holiday season officially begins. Instead of worrying about how to cover your expenses, you’ll be able to enjoy the season knowing you planned and saved ahead.
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If you could use some affordable options to help fund your holiday season, we can help!