Did you spend more than you planned to make the holidays merry and bright?
You’re not alone.
More than half of these shoppers (56%) didn’t intend to.
Fortunately, you don’t have to let that holiday spending hangover stick around too long.
Here’s how you could pull yourself out.
Assess the damage
First things first: you gotta determine how much you’re in the hole.
Analyze your entire holiday spending picture.
That includes gifts, celebrations, travel and other seasonal charges.
Factor in any of your gifts that can help with your immediate needs.
Abudgeting appcan help you identify opportunities to spend more and save less.
For example, consider ano-spend challengefor one week.
Every little bit you’ve got the option to throw at your balances saves you on interest.
Whatever your savings goal,balance debt repayment and savingsto avoid going into more debt if the worst happens.
From delivering food to dog sitting, there are plenty of ways toboost your income with a side hustle.
You could eventurn a passion into profit.
Focus instead on paying off your debt and make a plan to avoid debt next holiday.
It’s never too early to start saving.
