Holiday Loans

Ask us about Holiday Loans, because sometimes even Santa can use a little help with the wish list!

Unplanned holiday expenses can add up and put a real strain on your budget. Those hidden costs can come from a variety of places: traveling to see family and friends; festive decorations for your home; additional food and drinks to host holiday gatherings; and of course, buying gifts!

While we recommend saving all year long for holiday spending, we also know that sometimes even Santa needs a little extra help covering all the extras! If you did not plan ahead for this holiday season of spending, consider an alternative using a high interest credit card. A consumer loan from First Mid may be the best way to cover those additional holiday expenses.

Often times, a consumer loan will have a lower interest rate than a credit card, and you’ll be able to budget next year by having a set monthly payment to chip away your debt. So, before you pull out the plastic, consider a Holiday Loan instead.

To get started, stop by a First Mid banking center and talk with a Customer Service Representative or apply for a consumer loan online.

Apply for a Consumer Loan

Ready to start your holiday spending?

Determine your expenses then follow a few simple tips to stay on track:

  • Start with a list. Make a list of the people you need to buy a gift for. Then make a second list of the other planned holiday expenses – gas, hotel stays, meals out, gift wrapping and decorations.
  • Set a spending budget and stick to it. Set a dollar limit per gift and avoid the temptation of spending more than you plan. Also set a budget for those additional expenses. As you shop and celebrate, make sure you keep your budget in mind.
  • Shop around for the best price. Watch for sales – both online and in stores – including special deals on hotel stays if that’s part of your planned expenses. If you find an item on sale, ask other stores if they will ad-match.
  • Avoid impulse purchases. It’s often easier said than done, but if something isn’t on your list, resist the urge to pick it up.
  • Share expenses. If you can go in on a gift with someone else or split travel costs with family members, consider it a small inconvenience to staying on budget.

At times, you may find the holiday spirit running deep and wanting to go above and beyond to treat your family and friends. But don’t let that temporary feeling of goodwill derail your financial plans. Before spending this holiday season, be sure you think through your purchases and are comfortable with your decisions.