Posted on: 23rd Nov, 2006 11:06 pm
At last long awaited holiday shopping season has arrived and with it lots of debt.
Now it's high time that you get your finances in order to avoid debt.
Thanks,
Jerry
- Review your last year's expenses. This is probably the best point you can start by reviewing what you spent last year.
- Make a list and then make sure that you stuck to it. Also check the list twice before you spend on the listed items. Set aside some amount for every item and then keep track of spending along the way.
- When you are shopping you may be tempted towards a lot of things that are not on your list, but make sure that you say no to your last minutes temptations.
- A financial adviser will always recommend you to go for all cash. But some times credit cards make more sense. But make sure that you use it carefully and don’t go beyond then what you can afford.
- And make sure that when you are budgeting you are not letting your emotions coming in between and be practical. Use your previous experiences.
Now it's high time that you get your finances in order to avoid debt.
Thanks,
Jerry
The holidays can often be a stressful time – especially when it comes to money and budgeting. But proper planning, research and a little self-discipline, can help prevent post-holiday debt. Here are a few tips to get you started:
1. Plan Ahead
2. Make a Gift List, Set Limits and Stick to it
3. Do Your Research
4. Buy in Bulk When Possible
5. Use Credit Cards Wisely
a. Pay Your Balance as Soon as Possible
b. Find a Card with a Low Annual Percentage Rate (APR)
c. Watch Out for Store Credit Cards
1. Plan Ahead
2. Make a Gift List, Set Limits and Stick to it
3. Do Your Research
4. Buy in Bulk When Possible
5. Use Credit Cards Wisely
a. Pay Your Balance as Soon as Possible
b. Find a Card with a Low Annual Percentage Rate (APR)
c. Watch Out for Store Credit Cards
Interesting tips Davy!
Yeah, one needs proper planning to avoid overspending in a vacation.
One needs to research on the place where he will be going on a vacation. Then fix up lodging facilities and then make a rough estimate of the costs involved. One also has to restrict oneself in shopping for too many items while on a vacation.
Yeah, one needs proper planning to avoid overspending in a vacation.
One needs to research on the place where he will be going on a vacation. Then fix up lodging facilities and then make a rough estimate of the costs involved. One also has to restrict oneself in shopping for too many items while on a vacation.
The first thing that I would personally do is to check my credit report and score so that I can review my expenses and have an idea on how much more I can actually spend. I would make a list of my necessities for the holiday such as food and gifts and create a budget for each so that I can easily adjust my overall budget if I need to. Next is to have the discipline to buy only what is listed on my list. I also prefer cash over credit cards because it effectively helps me to avoid overspending. However, if there are rewards that I can take advantage of when using credit cards, then it would be wiser to use it instead of cash.
I personally do a credit check every year so I can review my previous expenses and so I can have an idea on how much more money I can afford to spend. I would make a list of all my needed expenses for the holiday such as food and gifts and I would set an allotted amount for each of them so I can easily adjust my overall budget without going overboard the set amount. Moreover, I decide wisely on whether to use cash or card. If using my card would entitle me to rewards, I would use it so I can take advantage of them. http://www.articlesbase.com/credit-articles/monitor-spending-during-the-holidays-6006744.html has more details regarding holiday budgeting.