There’s nothing worse than hearing your friends and family talk about their shopping plans for Black Friday and Cyber Monday and realizing that you won’t be able to participate this year because it’s simply not in your budget to do so. While paying for necessities such as food, clothing, and shelter are obviously most important, there are several things you can do ahead of time to prepare yourself for the fabulous upcoming Cyber Monday deals.
First, the easiest thing to do is to ask for a loan from friends or family. Sit them down, show them what you plan on buying (as long as it’s not a gift for them), and ask them for a reasonable loan to hold you over. Draw up a formal agreement, if necessary, to show that you will pay back each and every penny.
If asking for a family loan doesn’t help, you might need to speak with your bank or other lending institution to see about obtaining a fast cash loan. Depending on the different loan types the requirements for receiving cash will differ.
While many experts indicate that doing this may not be the smartest financial decision, these loans do not require any credit check and can actually help to boost your credit score as long as you pay them back fully and on time. So, if you’re looking to purchase some big-ticket items on Cyber Monday such as gaming systems, televisions, computers, tablets, and more, consider asking friends and family for help or visit a local or online lending institution to learn more about your options.