The holidays can be one of the most stressful times on your budget. Now that the holidays are through, it’s important to take a look at your financial well-being and get back on track in the New Year. Here’s some tips to help you recover and minimize debt from holiday spending.
This holiday season, consumers are expected to spend nearly $1.1 trillion. It’s no surprise that whether online or in stores, the majority of these purchases will be made with a card of some sort. Debit and credit cards are very different and have their pros and cons when it comes to holiday shopping. We’ve broken down the implications of using a debit or credit card this holiday season so you can choose the swipe that’s right for you.
Don’t worry – this isn’t going to be one of those posts that tell you you’re a big boy/girl now, and have to stop being irresponsible with money.
I won’t tell you to stop buying overpriced lattes, $11 nachos at midnight, or comfy college sweatshirts because those things are largely what college is all about.
What I will tell you is that the post-college years can really stink when you’re broke. Actually, worse than broke — so far in debt that you feel like you’re working for nothing but your bills.
So here’s how to give your future finances a fighting chance, and get through college without making those clichéd money mistakes of running up credit card debt and blowing through all the summer job money you earned folding shirts at The Gap…