The holidays are always so exciting, and it is easy to get caught up in the excitement. We have parties galore with family, friends, and co-workers, and let’s not forget the presents! Here are my tips for making sure the joy extends all year, not the bills.
Every year we go through the holiday debt hangover but never learn a lesson. According to MagnifyMoney’s annual post-holiday debt poll, last year we racked up more than $1,000 worth of debt from the holidays. Determine in advance how much you want to spend and have that cash set aside. Do not go over your budget no matter how much you want to justify the extra expenses.
This year, 1 in 6 plan to open a credit card for holiday shopping. Here’s the kicker: 1 in 5 will be in debt until at least February, according to a poll from personal finance website WalletHub. You do not need another credit card, period. Cash is king
Holidays are fun, budgets are not. This year’s budget will ensure that you can afford next year’s holidays.

Disclosures:http://www.hechteffect.net/?page_id=31