It’s hard to believe that the holidays are right around the corner, but now’s a great time to start stocking up on gifts. That way, once December arrives, you will be able to relax and enjoy family and friends stress-free. Another way to keep your cool as winter comes is to stay on top of your finances and credit. By reviewing your current credit situation and taking steps to spend smartly, your holiday celebrations will go off without a hitch!
Checking your credit report and FICO® credit score
Before you begin your holiday spending, a smart way to prepare is by obtaining your credit report from all three nationwide credit reporting agencies. Doing so can help you ensure that the information reported about you is accurate as well as know how much you owe. If your debt-to-credit ratio is higher than you would like, you might want to consider a more modest spending level this season and give yourself the gift of healthier finances!
It’s important to know your credit score and the buying power it provides during the shopping season. By finding out and understanding your credit score, you may be able to negotiate better with lenders — a skill that could help you save on large purchases if you are eligible for lower interest rates. Now that’s something you’ll be grateful for long after the holidays are over. If you’re interested in obtaining your current FICO® credit score and Equifax Credit Report™, click here.
Making a budget and spending smartly
Don’t forget that all of the fun and events of the season can sneak up on your wallet. From long distance calls to entertaining company, maintaining a budget can help keep you merry AFTER the festivities are over.
Here are a few suggestions of good ways you can stretch your dollar: