It can be easy to mistakenly run up bank charges and slip into debt if you’re not 100 per cent up to speed with when your bank charges you a fee. Here are 4 examples of how a bank will charge a fee and an approximate idea of how much it could cost you.
Store cards. I’ve said this before and I’m saying it now, whatever you do this Christmas do not under any circumstances take out a store card in order to get a 10 or 20 per cent in-store discount. The average APR on a store card is 29 per cent compare this to an average credit card APR of 15.9 per cent APR. That’s nearly twice as much interest. Any 10 or 20 per cent discount you get in-store will be totally wiped out by that staggering 29 per cent APR! Forget it.
Withdrawing cash on credit cards is another massive ‘no-no’. You won’t be laughing when your credit card bill comes in January and you see the separate ‘handling cost’ or ‘handling fee’ the bank charges for withdrawing cash. Often up to 3 per cent of the amount withdrawn, so if you take out cash a few times you’ll be charged for each withdrawal. This is of course on top of the Cash Withdrawals APR charged. Forget it; it’s cheaper to make purchases with the credit card instead.
Credit card cheques. It happens to everyone; you get that new credit card in the post and the next day your envelope of credit card cheques arrives. A pack of 10 cheques with your name on – blank cheques! Sound good? Again a handling fee of 3 per cent is charged on credit card cheques.
Overdraft charges. Many of the banks have withdrawn the ‘buffer’ or free overdrafts that come with current accounts. If you were overdrawn by a couple of pound the bank wouldn’t charge you their standard £25 fee. However this benefit has been withdrawn on some current accounts so make sure you’re not sailing too close to the limit on your current account this Christmas.
These are really only a few of the ways banks make money from you. The best thing to do is read all the terms and conditions but most important are the fees and charges and APR amounts charged. Read the small print!
Where To Spend Christmas
The tradition of waiting at home for Santas visit, like all other traditions, is under going a change. No wonder then, that we find more and more American families spending Christmas away from home. To cater to the needs of those going out for a vacation before or during Christmas, there is a variety of fun holiday locations we can look into.
In upstate New York, located in the Adirondack Mountains, there is North Pole. Yes, North Pole, New York is one of the most charming places to vacation during Christmas time for both young in age and at heart.
Open for five weekends prior to Christmas, the vacation packages offer lodging and meals along with admission to Santas workshop. With live music, live glassblowers, puppet shows and other holiday entertainment it makes a perfect Christmas holiday for you and your family. To top it all the Santas Village has shops where you can look for a memento from your Christmas vacation.
The next best thing to being in this North Pole is North Pole, Alaska. The Alaskan North Pole Christmas vacation packages are keyed up to give the genuine North Pole experience by including a visit to Santas house in North Pole. Further credibility is provided in shape of an optional dog sled ride on authentic Alaskan dog sled, through the Santas village in the North Pole.
It indeed makes for a once in a life time experience. Like the North Pole, New York packages, Alaskan North Pole too offers one or two night stay over the weekend. Accommodation is available in the nearby Fairbanks and at the Chena Hot Springs Resort and also at the Santaland RV Park. Shopping for souvenirs is easy at Santa House which also houses a large store that stocks all types of gifts and mementos that you would like to take back home. Irrespective of your age Alaskan North Pole offers you the best for Christmas merry making.
Hershey, Pennsylvania is another place that you may consider for a Christmas vacation if you are traveling before or during the Christmas season. Home of the Hersheys candy, Hershey Park transforms into Christmas Candyland, a month before Christmas when one million lights are lit for the visitors.
The staff at Hersheys Park joins in to put up animated displays which are sure to enchant children and adults alike. Christmas Candyland, during Christmas and the rest of the Park through out the year, Hershey Park make for a perfect escape from repetitive routine city life.
If you have watched the Walt Disney World parade, televised ever year from Orlando, Florida, then seeing the real thing will be a out of the world experience for your children. Seeing all their favorite Disney characters adorned in Santa hats and Christmas getups during Christmas time will delight not only your children but you too.
There will not be a single dull moment during your Disney vacation with special Christmas time shows the like of Mickey Mouses Twas the Night Before Christmas and Belles Enchanted Christmas Storytelling. Thousands of Giant Christmas trees, lit up with myriads of Christmas lights ensures that no one, young or old, remains untouched by the magic of Disney World. For lots of fun at reduced prices, a visit to Disney World during Christmas time is value for money, as the rates are far lower than the peak season time.
In contrast to the cold wintry Christmas, Christmas in the Disney World is a different experience with temperatures in the mid 70s. The charm and enchantment of Disney World is sure to compensate for absence of snow and Santas sledge.
Both Simon Duffy & Kenneth Scott are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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