Here is an interesting question: how many of you used your credit cards at Christmas?  And how much debt did you incur?

In years past I used to rack up huge debts at Christmas which I would then proceed to pay off for the next 4 or 5 months.  If you avoided that this year, congrats, give yourself a pat on the back.  If not, try a few things to get yourself back on track:

1) Transfer that credit card balance to a 0% interest card
If it is going to take you a while to get things paid off, try and pay as little interest as possible.

2) Find little things to cut back on and put that money directly toward the debt.
For example if you always get Starbucks in the morning, make the sacrifice and brew your own coffee for a while and take that to work.

3) Resolve yourself to not do it again next year

Buying presents is fun, but going overboard and paying for it later is not.  I hope everyone had a great Christmas!

If you liked this, you might also like Christmas Spending can hurt your Credit Score from Spendonlife.com

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