Tag Archives: Holidays

How to Avoid Excessive Debt While Holiday Shopping

We all feel the pressure to get the perfect gift for family members and friends. However, spending a lot of money on gifts can put you into serious debt. Every January and February, credit counselors see a 25 percent spike in the number of people seeking financial help. Many of these consumers blame their financial woes on holiday shopping. If you want to avoid this holiday pitfall, here are some tips to make the festive season more frugal. Make a Budget How much can you afford to spend on presents this year? Look at your finances, set a spending limit and stick to it. Knowing how much you can afford to spend will help prevent excessive spending when you are in the store. Make a List of Who Is Getting Gifts Make a list of the people who are at the top of your gift buying list. You can take…
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