Too much eggnog could give you a hangover just as spending too much during the holidays could find you with a financial hangover come December 26th. We're going to help you avoid financial holiday hangovers, with a couple key antidotes!
There are no catchy phrases to help you remember which order to do your spending to prevent a financial hangover.
Trust us, your family will not be holding your hand as you cry over your empty wallets. They’ll be playing with the toys and gadgets that got you hungover in the first place.
Let’s be honest, every commercial, ad, and store are vying for your attention and coins this time of year. You can’t turn on the tv or scroll the internet without someone placing a well-researched Black Friday or Cyber Monday ad in your sights.
According to MagnifyMoney’s annual post-holiday debt survey, Americans racked up more than $1,000 in holiday debt at the end of 2018.
On top of that, 28 percent of shoppers went in to the 2018 season still paying off debt from 2017′s festivities.
You should should care because:
So what's a person to do?
Fear not! We bring you good tips of great worth.
Here are some of our Financial Hangover tips for you and your family to follow:
You need to know that your budget isn't a lost cause, just because your Holiday revelry got outta hand. Assess the damage, clean up the wreckage and get it together!
You have a whole year ahead of you to get back on track. Get to it!
The holiday season is all about spending... time with the people you love. Don't make the mistake of allowing the feelings of joy and love turn into feelings of disappointment and dread due to post-holiday debt or overspending.
Make it a bit easier on yourself by taking a few moments to talk to your significant other, make a plan, set realistic expectations, and have a holly jolly holiday season!