How to have happy holiday seasons with no entering financial debt

The best way to have happy holidays is to enjoy them without the stress of adding to your 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 higher charge card statement to start out the brand new yr. Article resource – How to have happy holidays without going into debt by Money Blog Newz.

Santa has the idea down

Don't just purchase on impulse, learn from Santa. Shop around, discover the right price, and see if other stores will match it. Doing your holiday purchasing this way will help save you gas on purchasing trips and cut down on unnecessary impulse buying. Realize that at Christmastime kids get one of the most out of presents, and for everyone else they are often a waste of money. And family name drawing is always a great idea. It cuts down on gift-giving and is an excellent way to cap the dollar amount everyone feels obligated to budget.

Credit cards can really hurt you

When you are holiday buying, each store within the mall is going to ask you to fill out a credit card application. Although saving your cash and charging your gifs sounds like a good idea, it will cost you a lot more in the long run. Don't forget that applying for credit cards alone can have a poor outcome for credit rating; resulting in higher interest rates later and more wasted cash. Use cash, and if you can’t afford something, don’t buy it.

Be careful when internet buying

Make sure you are aware of your credit rating before you shop online also. Being prepared with the knowledge of your credit rating can really conserve you money on the expensive items. Don't make the huge shopping mistake of maxing out your credit cards. Be wise not to miss any credit card payments after the holidays as well.

Citations

San Francisco Chronicle

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

Personal Finance Mastery

District Chronicles

districtchronicles.com/media/storage/paper263/news/2010/10/17/PersonalFinance/Protect.Your.Credit.Score.During.The.Holidays-3946066.shtml