How To Avoid Holiday Debt Don T Waste Your Money Youtube One of the most effective ways to avoid taking on debt is to save up before the holidays. if you don’t have enough cash to cover your expenses, get a side gig or explore passive income streams to earn extra money for seasonal purchases and avoid starting the new year with holiday debt to repay. 6. avoid buy now, pay later apps. With average credit card rates now above 21 percent according to wallethub, nathan grant of moneytips says the first rule of thumb is not relying on credit cards if you don't have the cash to pay off the balance. "don't look at your credit card as extra money," he warned. "look at it as just a different way to pay for things that you can afford.
How To Avoid Holiday Debt Saving Dollars And Sense In reality, having a budget in place can actually help you enjoy the holiday season more. by setting a budget and sticking to it, you can avoid the stress and worry that comes with overspending. Key takeaways. 49 percent of people report the decision to use cash for their gifts this season, according to a bankrate survey. shopping with a mixture of credit and debit can help you budget. Consider baking an extra $200 or $300 into your holiday spending budget to keep a good buffer. tracking your actual spending. once you have a plan, it’s time to hit the stores. or the internet. either way, don’t forget to track your purchases as you go, so that you can make sure you’re staying on target. Thirty five million americans are still paying off debt from last year's holiday season, according to a survey conducted by wallethub. 1 weather alerts 1 closings delays. watch now.
Comments are closed.