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Christmas Debt Hangover: How to Avoid and Fix Overspending
Simple but effective tips we often overlook.
Many of us look forward to spreading festive cheer with friends and loved ones. While these times can be a fantastic opportunity to show your appreciation for others, it’s also important to stay mindful of how much you’re spending.
Overspending on Christmas presents is an all-too-common occurrence, especially when you use a credit card. You can feel overwhelmed by the debt you’ve accrued before you know it. Overspending on Christmas is a significant issue that can leave you with a financial hangover come January.
I’ve been there and suffered the consequences of overspending during the festive season, and the stress I went through afterward wasn’t worth it. It is easy to be lured by fancy advertising, but if you’re careful and mindful of what you buy, you won’t have to suffer the effects of a Christmas debt hangover.
Here’s what you need to know about avoiding and fixing Christmas debt.
WHY SHOULD YOU AVOID CHRISTMAS DEBT?
The first step in managing your holiday finances is understanding why it’s vital to avoid Christmas debt altogether. Overspending on gifts, decorations, or festive food can lead to spending the money…
