For many, the holidays are a mixed bag.
And then there are the gifts you’ll need to buy for everyone on your list.
Do this instead:Try touse your credit card like a debit cardand pay it off right away.
Think of rewards as a bonus, not a reason to make a purchase.
“So long as you’re paying the balance in full at the end of the billing cycle.
That’s the catch.”
Having a conversation with the people you plan to get gifts for can mitigate a lot of stress.
OurCNET holiday shopping surveyfound that 72% of adults plan to cut back on holiday shopping this season.
One way to do that is to simplybuy fewer presents.
It can give you time to pay off your debt while avoiding interest charges.
Credit cards can also be great tools to hedge against the rising costs of goods.
“Think of credit as a financial tool.
If it’ll stop you from going into debt, use cash or a debit card instead.
