"Avoid Post-Holiday Spender's Remorse" is a cross-post from Union Plus.
Opening gifts each December is a ton of fun. Opening the resulting bills in January is not. Yet every holiday season millions of consumers use their credit cards to finance gifts they don’t have the cash to pay for. Consider the following before you start shopping this holiday season.
There are only two legal ways out of debt – cutting expenses or increasing your income. Decide which works for you and commit to it before you start shopping.
Prioritize. What’s more important? Paying your mortgage and buying food or giving gifts you can’t afford? Consider shortening your gift list or giving smaller gifts to adults. In times like these, friends and family understand.