4 ways to repay your holiday debt | Fortu…

1. Apply for a balance transfer card ...2. Trim your expenses and make room in your budget ...3. Consider a personal loan ...4. Ask your credit card issuer to lower your interest rate ...

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4 Ways To Limit Your Holiday Debt - CBS News

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There's a magical feeling in the air this time of year, but that magic costs money. Every year, the pressure looms large to spend more to create perfect holidays.This high-cost season can leave you with debt that sticks around. According to NerdWallet's 2022 Holiday Shopping Report, 31% of 2021 U.S. holi… See more

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FAQs about 4 ways to repay your holiday debt | Fortu… Coupon?

How can I avoid holiday debt?

Here are 10 great ways to avoid holiday debt. 1. Calculate Real Holiday Costs “With inflation rates and rising prices, it may be harder to buy last-minute impulse gifts or squeeze in a few extra presents,” explained Courtney Burrell, a financial advisor at Empower, in an email interview. “Create a list of all your holiday expenses first.” ...

How can I prevent overspending this holiday season?

Another simple but effective way to prevent overspending this holiday season is to allocate any spare money (i.e. the money that isn't earmarked for holiday spending) into a certificate of deposit (CD). CDs are low-risk, interest-bearing deposits with fixed terms. ...

How can you save money on holiday spending?

"It’s simple. Withdraw a set amount of cash based on your budget and use only this for all your holiday spending. This tactile approach makes you more aware of each dollar you spend, reducing the likelihood of overspending compared to swiping a card,” Rose says. ...

Should you consolidate your debt during Thanksgiving?

According to a US News & World Report survey, about 42% of Americans expect to go into debt due to Thanksgiving, Christmas, Hanukkah and other holiday spending. Are you one of them? If so, debt consolidation may be an option. Start by getting a free online savings estimate now. ...

Can you overspend on a credit card during the holiday season?

Promotions are subject to availability and retailer terms. The holiday season is a time of joy, celebration, and unfortunately, for many, overspending. After all, it's easy to get caught up in the spirit of giving and end up with a hefty credit card bill come January. ...

Should you spend extra money during the holiday season?

But while most people are stuck shelling out at least some extra money during the holiday season, these types of extra costs don't have to break the bank. With a bit of planning and some clever strategies, you can enjoy the festivities without overspending. ...