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Three Tips for Using a Personal Loan to Buy Christmas Gifts

[Dec 2, 2009.]


Thinking about using an unsecured personal loan to buy Christmas gifts?

Nothing wrong with that, but please be wise and make sure to include the following thought process:

Get the Best Price--On Gifts and on Personal Loans

The amount of information available to today's Christmas shopper is astounding. Smart shoppers who want to make the most of their money, but still come away with nice gifts for family and friends, actively search out the best prices, not only on the gifts themselves but also on the personal loan they use to buy them.

The obvious, and most powerful, research tool in this arena is the Internet. Indeed, it can be viewed as naive to purchase things without first checking online to make sure you can't get the same thing for cheaper elsewhere.

Most people are aware that price comparison is golden for gifts, but you can also compare unsecured personal loans online. Fill out an online personal loan application and get a few different quotes.

Repayment Is a'Coming Just as Surely as the New Year

Unbelievable, isn't it, that this year is almost over? 2010 is knocking at the door. So will repayment of that unsecured personal loan, so please plan for both. It can be demoralizing to start the new year with a bill that you have no way of paying. Avoid that fate by cutting back on unnecessary expenses as a condition for taking out an unsecured personal loan. Christmas is about giving but sacrifice is often a part of giving so plan for the payback to start the new year off right.

Get in the Real Christmas Spirit, Not the Fake One

At the risk of sounding preachy, there is no need to go out and buy a bunch of gifts that no one really needs via a personal loan that may crimp your budget for months to come.

The best gifts come from the heart, and can be small things and even free things. The $10 Starbucks gift card, the voucher for a free car wash, the home-cooked meal with a $2 bottle of Charles Shaw from Trader Joe's--an entire Christmas list can be checked off with a $500 online personal loan.

But that $500 is not going to go too far if you adopt an attitude of conspicuous giving. Frequently, the receiver of an overly-pricey gift feels guilt or even remorse that you spent so much.

Especially when taking out a personal loan, it's best to keep the focus on the person, rather than the thing. That's the real Christmas spirit. The other spirit is something entirely different.


About Author:

Andrew Freiburghouse is a writer and businessman. He has worked as a magazine reporter, tax preparer, screenwriter, copywriter, and loan officer. He graduated from Santa Clara University in 1999 with a B.A. in English. Andrew was born and raised in the City of Los Angeles.

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