Did you vow to not accumulate holiday debt this year!
According to Wallet Hub, the average person is expected to spend over $1,000 this year, that is up 4.1% over 2017.
What’s your plan to stay out of debt this holiday season? Here are some questions you need to think about?
- How much can you afford to spend this year without going into debt?
- How many people are on your list?
- Can you eliminate or reduce the number of people? Think group gifts where you can pool your money with others.
- Could you offer a service they need instead of a gift? What can you do that they need? Think childcare for an evening, so they can go out without the kids.
Take some time to think about what is important to you and your family. Don’t forget to think about your budget too. This is something that is really important so that you don’t have a January hangover. Everyone wants to celebrate the season, but no one wants someone to have all these bills come in January. Make a plan and stick to it.
Make sure you don’t fall off your plan with Black Friday this week.
Enjoy the holidays with your family and friends.