Communion is the most important spiritual experience for a child, and for parents at considerable expense. This year, about 300,000 will attend this sacrament. children who receive gifts for nearly 3 billion. To this should be added the cost of the ceremony and devotional articles. So how much does communion cost, and how often do we reach for a loan to finance it?
Fast cash for a notebook, bike or drone?
Communion expenditure has not been limited only to alba and chain for a long time. Gifts themselves are quite a cost, not to mention the organization of a family party. people more and more often decide to invite guests to the premises, and this is associated with considerable expenditure. The cost of The “plate” depends on the restaurant. You have to reckon with an expense between USD 100-150 per person. This significantly increases the communion budget.
Of course, you have to add gifts. And what is the biggest hit this year? On the podium, as in previous years, there are: bicycle, cash, watches and jewelry. Increasingly, we also fund electronics for children, ie tablets, notebooks and cameras. Interestingly, drones also appear among the planned gifts. In total, communion can cost parents up to several thousand dollars.
A loan as a way to optimize costs
Not every household budget is able to bear the extra expense of organizing first communion. That is why we seek support from our family first. Godparents and grandparents most often contribute to the costs of a communion gift. What about other expenses? Savings can help. However, most people do not have them, so the only solution is to look for ways to optimize expenses. We can buy the used alb at a much lower price from friends, and white shoes or a wreath a child can “inherit” from older siblings. If, despite everything, we run out of funds, we can apply for a quick loan. At Lite lender, we will get the first loan up to USD 1,000 for free, so it does not generate additional costs. We can return the cash after 30 days, ie after receiving the payment. Most importantly, however, the application is submitted online, without any unnecessary formalities, and we will receive a decision and transfer within 15 minutes. This allows us to take advantage of the offer even at the last minute, when, for example, we lacked cash for First Communion cake or additional catering for guests.
Communion more and more often on credit
According to the analysis of the website, just after Christmas it is May and June are the months in which people are most willing to reach for loans. In addition to weddings and vacation trips, communions are one of the major expenses that we will face in this period.
Every year, in May and June, we note increased dynamics in the amount and number of loans granted. Interestingly, until recently our clients in this period needed additional support in financing mainly expenses related to the wedding or the May trip. Currently, more and more often the loan is intended for communion, whose organization is associated with an increasing burden on the household budget.