Don’t Go Into Debt This Holiday Season

It’s easy to get caught up in the spirit of the holidays and not realize how much you’re using your credit card.  Going over your credit limit can lower your credit score, which can make for a bad case of the post-holiday blues.  Here are some tips to prevent falling into holiday debt:

  1. Set a Budget.  Allot yourself a certain amount of money geared towards holiday expenses. Don’t let yourself go over that set limit!
  2. Make a List (and check it twice)!  Write down everything your money is going towards this season whether it be gifts, holiday food, or miscellaneous items like decorations. Making a list will help you keep track of what you need, and how much you can spend towards each item.
  3. Cash, not credit.  An easy way to not go over your credit limit is to simply leave your credit card at home.  Use cash at the store, and you won’t be tempted to rack up charges on your card!

Don’t let the holiday season affect your credit score.  Follow these tips to keep your season merry and bright!