Holidays could be satisfied without adding to your debt

The year is too joyous an occasion to be clouded with financial debt. Consumers are bombarded with temptation to overextend themselves within the name of the holiday spirit. Debt-free gift-giving, however, will warm one’s heart far more than the shock of an inflated charge card statement to start out the brand new year. Source for this article – How to have happy holidays without going into debt by Money Blog Newz.

No surprise when it comes to Santa

Don't just buy on impulse, learn from Santa. Shop around, find the right price, and see if other stores will match it. Not only will this help you control any impulse getting, but it may also save you gas money if done right. Christmas is a time that usually benefits children probably the most. Drawing names of family for gift giving is always popular. Whenever you draw names your budget is reduced by a ton because you no longer have to buy gifts for all your family, you only have to buy for specific people instead and nobody gets hurt feelings from this.

Credit cards are not the answer

Be prepared to be asked to apply for a credit card everywhere you shop. Although saving your cash and charging your gifs sounds like a good idea, it will cost you a lot more within the long run. Don’t forget, you are able to be hurting yourself just by applying for the credit card. Each time you have your credit ran it can hurt your score, which can cost you more money in interest rates that are higher within the future alone. Pay with cash or just don't buy it.

Take caution when shopping on the Web

Make sure you are aware of your credit rating before you shop online also. Being prepared with the knowledge of your credit score can really conserve you money on the costly items. When you do your holiday buying with credit cards, don’t max them out. Plus, don’t miss any payments on your credit cards or any other debts in the coming months.

Information from

San Francisco Chronicle

sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/11/18/prweb4806134.DTL

Personal Finance Mastery

District Chronicles

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