Dealing with a Holiday Debt Hangover
There’s no pill for a holiday debt hangover, but you can make it disappear faster. Here are the key steps in every approach:
Begin immediately to spend less than you earn.
Use the balance to pay off the debt.
Track your spending, and create a budget.
Begin saving immediately, and create a fund for emergencies.
Pay off your highest credit card first— in most cases this is best.
Discover different strategies at the Consumer Credit Counseling Services web site www.cccsofrochester.org.
Next year try low- or no-cost gifts for friends and family. Google “list of low or no-cost gift ideas” and you will discover hundreds of thoughtful ideas that are caring and just plain awesome.
Strong EAP |