In December, many people loosened their spending reigns and jumped into the spirit of the holidays with SHOPPING! But now, with your credit card bills rolling in from the holidays, don’t wait to pay them off! A survey by Consumer Reports shows that 14.1 million or 6% of Americans admitted to still owe for their 2010 holiday bills. Don’t become part of that statistic! For … Continue reading Save Money & Eliminate Post-Holiday Debt – Part I
According to recent studies, the average American household has over $15,000 in debt. The best way to do your holiday shopping this season is to avoid accumulating debt in the first place. Since Christmas is less than two weeks away, it is important to still follow a few tips when doing your last minute shopping. Write down your budget. If you write down how much … Continue reading How To Avoid Post Holiday Debt
Expense 2-Gifts: Have you ever said to yourself- “No, I can’t afford to buy that gift.” It is human nature to please others and more often than not, we are going to buy that gift for someone we care about. Gifts are sporadic and unpredictable. You may forget someone’s birthday or wedding shower until the last minute; and you WILL buy that gift no matter the “unexpected” expense.
This is why a lot of people go into debt at Christmas. They haven’t prepared or saved for it. This can be a very dangerous situation concerning credit card debt, and can spiral out of control rather quickly, not to mention the mounting interest rates on those cards. Continue reading “Unexpected Expenses You Can Count On: Week 2 of a 4-Week Discussion”