Can you avoid a New Year’s Day hangover? We’re not referring to the traditional hangover that comes from too much alcohol, but the financial hangover that comes from too many charges on your credit card.
Of course, you can avoid a New Year’s credit hangover – especially with some help. Consider these eleven ways to keep holiday purchases under control.
1. Set a Holiday Budget – Review your overall budget, and then decide how much you can afford to spend for holiday gifts given your other expenses (including end-of-year expenses like property taxes and annual subscriptions). Don’t let gift expectations drive your budget – let your budget set gift choices.
2. Make a Gift List – Divide up your gift budget among all your recipients and find gifts that fit within the desired budget. Start early, so you have time to look for the best pri…