“Jingle bells, jingle bells, my money’s gone away! Holy smokes do you know the interest I have to pay?”
Okay, nobody’s trying to Grinch, but it’s time to talk about having a financially responsible holiday season. Nerdwalled and the National Foundation Credit Counseling released their 2015 Consumer Financial Literacy Survey and the results can make a lawyer specializing in bankruptcy sigh. Some of the key findings are:
Despite this, holiday shoppers are going to spend an average of $805 each on gifts this season, in some cased aided and abetted by offers from their credit card companies. This is leaving out all the other holiday expenses such as decorating, travel and driving expenses, and even gift wrap! It makes Festivus look like a good alternative. Now, before the shopping momentum can kick in, here are some tips to help you make it through the holidays without going into the hole – or making your current hole deeper.
Finally, if your situation is not going to be helped by tips and tricks, and you really are that far in the hole, it’s time to stop digging and time to get out of debt. You should not feel ashamed to say that you’re digging out of a financial setback. It’s a very responsible thing to do. Finally, if you need to consult about your debts, give us a call and let’s see if we can find you some holiday cheer.
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