10 Tips to Pay Off Holiday Credit Card Debt
Using your credit card to do your holiday shopping has a lot of advantages. However, there is one big advantage--it's easy to overspend. Most people...
The holiday season brings festive parties, family get-togethers and giving of gifts. Exchanging gifts is a wonderful thing to do, but it can also put a strain on your budget. Gift-giving is a major cause of overspending during the holiday season, so it's important to know how to keep your holiday spending in check.Since buying gifts can be expensive, it is important to budget enough savings throughout the year to cover the expense. If you love buying gifts, this article can provide you with some tips that can help you stay within your budget. Tips to Keep Your Holiday Spending in Check Before you begin holiday spending, ask yourself a few simple questions.
An oversight that many holiday shoppers make is to not set up a budget for holiday purchases. Not setting up a budget can result in over-spending and perhaps lead to maxing out credit cards on holiday purchases. Instead of spending money blindly make a list of holiday expenditures for decorations, parties, and gifts. Plan your budget, assign a specific amount of money to spend on gifts, decorations and food and stick to it.
Another great tip to keep your budget in check this holiday
season is to make homemade gifts. Bake cookies or cakes, or use a creative skill that you have to make something that your loved one will truly cherish.
Small, thoughtful gifts can leave a deeper impression on the receiver than giving them something purchased at the store.
Being creative with your gifts can not only help you save money but can also show affection and care for the person you’re making the gift for.
Another way to avoid unnecessary spending is using cash instead of credit cards. By using cash, you know exactly how much you’re spending, and you don’t have any hidden fees to worry about. By paying cash, you can save yourself from accumulating debt during the holiday season. If you pay off your credit card debt in a timely manner, then using a credit card is fine. However, any delay in paying your credit card bills during the holiday season could end up affecting your budget for the coming year.
Planning ahead for the next holiday season is one of the best ways to avoid overspending. Saving extra cash each month will help you have the funds in place for your holiday budget. Additionally, take advantage of post-holiday sales that many stores offer. Buying seasonal items and gifts in January can provide a substantial savings for the next year.
Keeping your spending in check during the holiday season can save you money and avoid unnecessary stress. This article provides beneficial tips to help you spend less money during the holiday season and plan throughout the year for holiday purchases.
Using your credit card to do your holiday shopping has a lot of advantages. However, there is one big advantage--it's easy to overspend. Most people...
The winter holidays are supposed to be a time of relaxation and hanging out with friends and family, but let’s be honest—the weeks leading up to the...
As you may have heard from Alvin and the Chipmunks, Christmas, Christmas, time is here. Time for toys and time for cheer. The only problem is that in...