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 six financial items to be ready for in November:
1. “Remember, Remember the 5th of November!”
People base 85% of their decisions on reviews and referrals from trusted family and friends. 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, like how we’re a not-for-profit financial cooperative owned by our members. So share that knowledge with friends and family to help them make better financial decisions and save money!
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. Know Your Open Enrollment Deadlines.
The next federal open enrollment period for health insurance begins November 1. If you don’t act by December 15, you can’t get 2019 coverage unless you qualify for a Special Enrollment Period. Make it a point to compare premiums, deductibles, in- and out-of-network doctors, co-pays, 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!
5. 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.