The holiday season is one of the busiest and most expensive times of the year for consumers. Sometimes it is easier to just swipe a credit card at the register and deal with the bills after the holidays. However, this approach can make for an unpleasant start to the New Year.
Here are some important tips to avoid going into credit card debt this holiday season.
- Plan your holiday shopping list. Plan your gift purchases in advance and limit the cost by only purchasing items from the designated list and not adding extras.
- Space out your purchases. Space your purchases out over the coming weeks. You will have more time to find the best deals and not get stuck paying last minute high priced mark-ups.
- Secret Santa. Gift exchanges are a great way to cut costs on what seems like an endless list of purchases. Have family and friends choose a name out of a hat, and then buy a gift for the person selected.
- Set a price limit. Gifts, décor and party hosting are all part of the fun of the holiday season! But remember to limit your spending to a specific dollar amount so you do not go overboard.
- Shop online. If you are planning to make the most of your gift purchases online, wait until Free Shipping Day. This year it falls on Dec. 16, 2016, when all participating online retailers promise to deliver your gifts by Christmas Eve.
- Never pay full price. Avoid paying full retail price whenever possible. Follow your favorite store on social media, sign up to receive their email blasts as they will often share exclusive discounts and coupons with followers. Sign up for price alerts and use shopping comparison apps to ensure you never overpay for any items.
At Kingcade & Garcia, P.A. we want you to shop smart this holiday season! If you are in financial crisis and considering filing for bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.
Related Resources:
http://www.popsugar.com/career/How-Can-I-Avoid-Credit-Card-Debt-Over-Holidays-42656636