It’s a Holiday Season Like No Other (Again): Are You Prepared?
The holiday season is in full-swing — although things are not quite back to normal.
The holiday season is in full-swing — although things are not quite back to normal.
From shipping delays to inflation, today’s lingering economic challenges brought on by the pandemic must be addressed to make the most of the festive season and to minimize the financial impact.
Getting ahead of holiday debt
Many Americans are looking forward to purchasing gifts and celebrating with family and friends.
But are you seeking opportunities to ease overspending, find holiday bargains, stretch your budget for gifts or shift your travel costs to keep more money in your pocket? Now more than ever, it’s important to think through your finances before making any quick decisions.
This year, more than 214 million Americans plan to shop for holiday gifts, spending an estimated $163 billion. What’s more, 29% — or more than 35 million Americans — who purchased holiday gifts on a credit card last season still haven’t paid off their balances. The most wonderful time of the year doesn’t have to be the most expensive.
Savor the season and save
For individuals in or nearing retirement, it might be a good time to think about budgeting long-term. A reverse mortgage loan from Reverse Mortgage Funding LLC (RMF) is a home-secured loan that can help you free up your equity to live the retirement lifestyle you’ve worked so hard to achieve. The funds can be accessed as lump sum you can use today, a monthly payment you can count on or a line of credit that’ll be there if and when you need.*
If your bills from the holidays or other debts are causing financial headaches, a reverse mortgage may be the solution to ease your seasonal stress, while also helping to pave the way for a more financially sound future.
Please don’t hesitate to reach out to RMF at (888) 277-1567 to learn more. Happy holidays!