GreenPath: Holiday Budget

5 Spending Tips to Bring You Less Stress (and More Joy!) This Holiday Season

Set a Holiday Spending Limit

During the holidays, it can be easy to let spending get out of control. Put a cap on your spending by creating a holiday budget/spending plan. Be sure to factor in additional non-gift related expenses that can easily add up—things like holiday photos, decorations, food, and if your family gathering is canceled, shipping of gifts to loved ones.

Avoid Putting Holiday Debt on Credit Cards

Avoid spending money you don’t have. While it’s easy to do, putting holiday spending on credit cards can be risky—especially if you don’t have the funds to pay it off when the bill comes due.

Trade Pricey for Priceless

A great gift doesn’t have to be expensive. Think outside the box and treat your loved ones to a thoughtful gift that generates excitement without the price tag. Maybe that’s a handmade item, DIY project, a fun experience, a coupon book, or just the gift of your time.

Keep Your Personal Info Safe

The holiday season is a time when people are more vulnerable to identity theft scams. Not only are they making more purchases than at any other time of year, but they are often distracted when doing so.

If you do find yourself the victim of identity theft, here are some important steps to take.

Stay the Course with Free Financial Counseling from GreenPath

If you are caught up in the holiday frenzy, and you are stressed about overspending, the counselors at GreenPath can help. In fact, 90% of people surveyed report feeling better prepared to handle their finances after speaking with a financial counselor.

Get ahead of your holiday finances and connect with a counselor today —it’s free, no pressure, and 100% confidential.

Holiday Skip Payment

We know the holidays can get tight on your budget. We want to be Santa’s helper! Qualified loans, such as an auto loan, have the option to defer (skip) your payment for the next two months. It’s our way of helping you make the holiday season a bit jollier. We’re even waiving the processing fees that are generally charged with these types of requests. However, keep in mind that interest will continue to accrue during the deferral, which may extend the life of the loan.

Here are some things to keep in mind on what type of loans qualify:

  • Not a mortgage
  • Not a line of credit, such as a credit card
  • Not a Personal loan, such as our Signature Loan (cash loan)
  • The loan must be current
  • The loan must have been open for at least 300 days, which means you much have made at least six consecutive payments
  • The loan balance must be greater than $100
  • Have no account restrictions

Holiday Resources

The holiday season is one of the most joyful months of the year. It can also be the most costly time of the year. Many financial institutions may exploit the opportunity and offer programs that can completely “scrooge” the holiday spirit. But not us! As a Schools Federal Credit Union member, we have financial resources to keep the season merry while avoiding the potential for post-holiday blues.

Do you have our Platinum Visa Card in your wallet? If not, it’s the perfect time to get one! All new transactions until the end of this year (12/31/2022), including balance transfers, qualify to receive a discounted rate of 3.99% APR. You’ll enjoy the rate on any unpaid balance until December 31, 2023. This offer is available to all cardholders.

Would you prefer to get the extra cash? Our Holiday Loan may be the perfect solution. You can borrow up to $1,500 with a fixed APR of 7.99% for 12 months. This fantastic rate is available to all qualified applicants.

Save On Insurance

TruStage® Auto & Home Insurance Program

Designed for credit union members like you, the TruStage® Auto & Home Insurance Program provides affordable top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.

Get your free quote online today or call 1-855-589-2146.

TruStage® Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverage and limitations. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.

© TruStage Insurance Agency


We will be closing at 4:00 PM this Friday, December 2nd