There is one major item that can put a big damper on that excitement. Something you are not looking forward to seeing. What is this thing that so many people are dreading? It’s the credit card statement(s) from Christmas' expenses. Ugh! Yes, those new figure skates you purchased for your daughter went on the credit card. Don’t forget the great deal you got on the tablet for your husband that you also put on the credit card. That great deal is going to cost you a lot more if you don’t pay that card off. This was me for many years until I got tired of paying for Christmas in January, February and sometimes even March.
The average American spends $882 on gifts alone according to American Research Group. That can be a very overwhelming bill if it’s all charged on credit cards. Make a change now and you won’t have to pay for Christmas into the New Year. Now is the time to plan ahead for 2016! If you set aside money each month you could save yourself the headache down the road. Think about this scenario. What if you set aside $50-$75 in cash a month starting today? You could pay cash for your gifts this next Christmas. Now wouldn't that feel great? I can tell you it feels awesome!!!
I believe that taking this step towards saving a little each month will keep you from feeling the January credit card blues!