How to Keep away from Debts on Christmas?
November 1, 2008 § Leave a comment
Christmas is such an interesting holiday. It seems people are worry-free whenever this event arrives. On the contrary, many people owe large amount of money after the holiday. We should still be considerate that our lives don’t stop after Christmas. Let’s learn how to avoid holiday debt. If you do not know how to do this, I’ll provide you some of the tips I know.
One of the best ways on being ready for the approaching holiday is opening a Christmas club. You may start doing this on January 2. Five to ten dollars per week will suffice for your contribution. By the end of October, it is not possible for you to have $200 to $400 budget for the up and coming Christmas expenses.
Usually, people think that those who have credit cards have lots of money. But, did you know that credit cards only increase your ability of having a debt? When you are going to buy gifts, pay cash instead of using credit cards. Credit cards will just be a problem for you after the holiday because you’ll be surprised how much money you’ve owed without realizing it. In times when you don’t have money and you really need to use credit cards, you can use it. However, you should pay the debt as soon as possible.
Having a Christmas budget is also good. Before Christmas arrives, list the names of your relatives and pals who you are planning to give a gift. Set a specific amount of money for each of the person. You should control yourself and learn how to stick to the amount you have planned.
Start shopping as early as possible. There are so many deals in diverse malls and you can find discounts from these ones. Most of the time, the prices of items go up as Christmas goes nearer. This might be because sellers know that their items will be in demand.
If you don’t want to go out of your home and you prefer shopping via online, use one credit card. There are many online coupon sites that offer great savings throughout the year. Utilize the coupons, check out the sales, and make your purchases. Remember to pay the credit card bill balance as soon as possible.
You might also have a relative who demands on which gift they want to receive. If you reckon you can not afford what he’s asking for, then don’t buy it. Just buy what you think is affordable and the best for the person who will be receiving your gift.
Holiday debt seems to inevitable for those who don’t know these tips. But see, you can really avoid it. Start saving money everyday instead of just buying things or food that you don’t really need.
Yes, debts are usual part of own lives, but it isn’t it good if you’ll start your new year without having any debt?