Traveling. Eating. Shopping. More eating. Let the holidays begin!
November starts the season of celebration. Enjoy it to the fullest by preparing how you’ll spend your money now so by the time Thanksgiving rolls around, all you’re worried about is whether or not to go for your second helping of pumpkin pie.
Here are five financial items to be ready for in November:
1. “Remember, Remember the 5th of November!”
Bank Transfer day is a reminder that you are a part of something pretty great! You know all the benefits of being a member of a credit union, so share that knowledge with friends and family. For every person you refer to West Community, you get $25!
2. Look Into Your Credit Cards.
The responsible use of credit cards can be great for your financial health—building a strong credit history and score can help you get a better interest rate on a mortgage or other loan. Not sure if adding plastic to your wallet is the right choice for you? If you find yourself in the camp that could use a new card, open a Credit Union credit card today and earn 0% for 6 months* during your Black Friday weekend spending spree!
3. Budget for the Holiday Season.
It’s important to create a budget, with limits for each spending category, in advance of the official holiday season. Stumped as to how to save on the festivities? Plan ahead, buy early, DIY your holiday décor, or skip your credit union loan payment.
4. Be Charitable.
If you included charitable giving in your budget, strategize how to make your contributions before the end of the year. After all, research highlights the correlation between generosity and positive health outcomes, like stress-reduction and lower blood pressure—and of course there are always the tax benefits. Share your contributions on social media and use #CUgiveback!
5. Know Your Open Enrollment Deadlines.
The next federal open enrollment period for health insurance begins November 1. Make it a point to compare and contrast premiums, deductibles, in- and out-of-network doctors, copays, and any other out-of-pocket costs for all your plan options. Members of the credit union receive discounts through TruStage. Get a quote or sign up for alerts now!
6. Practice Gratitude.
Let kids in on the concept of financial gratitude. Sit down as a family to talk about what each one of you is thankful for, and emphasize the fact that some of the things you’re most thankful for go beyond material objects. Ask kids what they’re most thankful for, and, depending on how old they are, consider having them draw pictures to illustrate these things. As for you? Share what you’re thankful for about your finances in the comments!
Now that your budget is ready, enjoy your holiday season to the fullest. And definitely get that second helping of pumpkin pie.
* APR=Annual Percentage Rate. Rates, terms, and conditions may vary based on creditworthiness and qualifications and are subject to change. Refer to your MasterCard® agreement for complete details. Applicants under 21 years of age must show proof of independent means of repaying the card or have an approved cosigner over 21 years of age. Special offer available on qualified purchases up to $10,000, made 11/24/2016 through 11/28/2016. Certain restrictions may apply.