Holiday Debt On the Increase
Are your credit cards still smoking from holiday overuse? Based on a recent MagnifyMoney survey, it wouldn’t be surprising.
Consumers who financed their holiday spending averaged $1,325 in holiday spending debt – a sharp increase from 2018’s $1,230, 2017’s $1,054 average and 2016’s $1,003 average. Increases in wages and consumer confidence are at least partly to blame. Did a personal increase in wages and confidence lead you into a mountain of holiday debt?
We’ve given previous tips on dealing with excessive holiday debt. You’ve got more debt – so we’ve got five more tips, for a total of 10.
6. Slice Your Budget Further
To pay off holiday debt, you can’t sett…