Many people think that a fast Christmas loan is the answer to having a fabulous Christmas, filled with lots of nice gifts. These loans are easily accessible to nearly anyone, and they are quick. The problem is that the money you receive also has to be paid back. Borrowers do not think ahead to the day the loan is due, they only think about the money in hand.
If you can’t come up with the extra money to purchase Christmas gifts from your paycheck, why in the world would you tax it even more to repay this loan when it comes due? The only thing a fast Christmas loan really accomplishes is postponing your financial stress. You may have covered Christmas, but now you have to worry about how you are going to repay this loan that was so fast and easy to get.
Perhaps our world has gotten itself into such a financial crisis by living in the present, where credit flows like a river. We get those great deals in the mail daily; apply now, zero percent interest, guaranteed acceptance. Want it? Charge it! Our homes are filled with things we have paid dearly for, simply because it was so easy to get. That great deal really isn’t so great when you add on finance charges, and all of the stress you go through when the bill shows up in your mailbox.
When you are young and have small children it is quite natural to want to give them the best Christmas you can. Some will go to any means to do it, and the people who run these fast cash businesses are well aware of the fact that they can prey upon these desperate parents. They will send letter after letter inviting you to come in and get your Christmas money. Out of desperation, people will respond.
Not having much money to spend on Christmas is very depressing, but then again, where are your priorities? Consider what you are teaching your children. They think “stuff” is bountiful, and they only need to ask and their parents will supply it. They have no concept of the financial burden their desires put on their parents.
Parents will put their self into a financial disaster to make their children happy, only to have the child tire of the game system they just purchased, and or still paying for. A new system will be introduced before you ever get the one you have paid for, and the cycle will start again.
I am not suggesting that children should be totally aware of their parents financial problems, but the words, “we can’t afford it” only hurt for a little while. Children should be taught that they can’t have everything they want. If they are not taught this by their parents, the cycle of credit and financial woes will follow them into their adulthood.
We have just struggled through a year that has shown us the worst economy in my lifetime. Even though the year is about to end, the financial problems of the world will follow us right into a new year. Those who have ran out to grab these fast cash Christmas loans will have those bills follow them right into the New Year as well.
Take a look around you. Businesses are closing, banks need bailed out, and there are millions with out jobs. Those who are lucky enough to have a job fear that they will be next in line to get the axe. Look farther than December 25th; is that WII or Nintendo DS really that important?