The Benefits of Skip-a-Pay During the Holidays

When the holidays roll around, your calendar fills up fast, and so does your list of expenses. Between gifts, travel, food, events, and end-of-year surprises, it’s easy to feel the financial pressure. That’s where a Skip-a-Pay program can make a real difference.

More and more Fort Worth families use Skip-a-Pay as a tool to free up cash flow during the busiest time of the year. But if you’ve never taken advantage of it, you might be wondering how it works or whether it’s the right move for you. Let’s break it down with a few simple credit union tips to help you make the most of the season.

What Is Skip-a-Pay?

Skip-a-Pay lets you “skip” one eligible loan payment December without penalty. Instead of making your usual monthly payment, you pause it for the holiday month, giving your budget a little breathing room.

It’s like hitting the financial snooze button right when you need it most.

Why Skip-a-Pay Helps During the Holidays

1. It frees up cash when expenses spike.

Instead of scrambling to cover gifts, events, or travel, you can redirect your skipped loan payment toward holiday budgeting. This gives you more flexibility and avoids last-minute credit card debt.

2. It helps you stay on track without taking on high-interest debt.

A lot of people turn to credit cards or “buy now, pay later” tools in December. Skip-a-Pay is a safer alternative. it doesn’t add high interest, and it comes from your credit union, not a third party.

3. It reduces holiday stress.

Money stress can take the joy out of the season. Skip-a-Pay gives you space to breathe, plan, and enjoy your time with family.

4. It’s simple and fast to request.

Most credit unions, FWCCU included, make the process easy. You apply, get approved for qualified loans, skip the payment, and enjoy the savings.

Smart Ways to Use Your Skip-a-Pay Savings

Here are a few credit union tips to make the most of your skipped payment:

• Cover travel costs like flights, gas, or hotel stays.

• Buy gifts without dipping into savings.

• Offset food and hosting expenses for gatherings.

• Catch up on other bills during an expensive month.

• Add to your emergency fund if you're already ahead on holiday shopping.

A small amount of breathing room can completely shift the way you experience the season.

Skip-a-Pay Isn’t for Everyone, Here’s When to Skip It

Skip-a-Pay is meant for short-term relief, not a substitute for long-term budgeting.

You may want to skip Skip-a-Pay if:

• You’re already behind on payments

• You’re close to paying off a loan and don’t want to extend the term

• Your budget is stable without it

But for most people, using Skip-a-Pay once a year as a holiday budgeting tool is a smart, strategic choice.

Make Your Holiday Season Lighter and Brighter

If you’re juggling bills and holiday expenses, Skip-a-Pay can be the relief you need. It’s one of the easiest ways to support your holiday budgeting, reduce stress, and enjoy more of what matters your family, your traditions, and the spirit of the season. Learn more here.