The holiday season and New Year’s Eve are known for excesses, and for the subsequent regrets. We cannot help you with the traditional form of holiday hangover, but we can help you avoid the “credit hangover” caused from excessive holiday spending. With some forethought and willpower, you can make it through the holidays unscathed (at least with respect to your credit).
- Budget Holiday Expenses – If you can lay out a budget and limits for all of your gifts and other holiday expenses, you are more likely to keep your spending in check and your credit to a minimum.
It’s better to not charge on a credit card more than you can afford to pay off at the end of the month, but at the very least, set a cap on your credit overage, along with a plan on how many months it will ...
from MoneyTips http://www.moneytips.com/avoid-new-years-credit-hangover
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