#1
#1 out of 199.84%
business2h ago
How to keep your credit card debt in check during the holidays, according to experts
- Experts say start with a clear holiday budget and live by it to prevent overspending.
- Using cards strategically and shopping for promos can reduce interest costs.
- Set spending rules and monitor balances to avoid late payments and fees.
- Avoid cash advances and pay balances in full whenever possible to minimize interest.
- Consider debt payoff strategies like avalanche or snowball plans to reduce balances.
- Plan ahead to save gradually, using high-yield accounts or CDs, for next year's holidays.
- If debt becomes unmanageable, seek help from a credit counselor or financial advisor.
- The article emphasizes planning ahead as a key to avoiding debt stress.
- Experts warn that debt can spiral when spending exceeds what you can afford.
- If paying in installments, plan monthly contributions and set realistic timelines.
Vote 0