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 ift-giving,
entertaining, outings, taking time off work, and travelling can all contribute
to accumulating a debt over the holiday season. To help eliminate this year’s
holiday debt, and to minimize it in the future:
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Take
a close look at your spending habits. Where is your money
going? What kind of items are you putting on your credit cards?
What is your income compared to what you are spending? |
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Discuss
budgeting and debt with your partner and family. Set goals
together to minimize and eliminate debt. |
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Make
a list of ways to cut your spending. Put the money that you
save towards your debt. |
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Limit
the number of credit cards that you have and leave them at
home. Try to always pay with cash or check. |
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Pay
off the balance on your credit card with the highest interest
first. Always pay the minimum balance on all other cards.
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This article was prepared by the 
