Get a Jump on Holiday Debt by Making a Plan Now

Laveta Brigham

By Sean Pyles In a holiday season that many of us will spend apart from loved ones, gift-giving might feel even more important than usual. After all, if you can’t travel to see family, at least you can see them unwrap gifts over a video call, right? And just as […]

By Sean Pyles

In a holiday season that many of us will spend apart from loved ones, gift-giving might feel even more important than usual. After all, if you can’t travel to see family, at least you can see them unwrap gifts over a video call, right?

And just as many families will use a video service for holiday celebrations this year, many will also turn to credit cards to cover their expressions of love. Three-quarters of holiday shoppers are planning to use credit cards to purchase gifts this year, according to a NerdWallet survey of 2,049 U.S. adults conducted online by The Harris Poll.

Using credit cards can be a great way to earn rewards or get cash back, but make sure you know how to dig out of the debt you ring up. Otherwise, you might be still paying off the debt late into next year, something 33% of 2019 holiday shoppers who used credit cards said they were still doing when surveyed in September.

Source Article

Next Post

No, a $600 stimulus check won't cover rent --- here's what it can pay for and how to make it last

Since the first round of stimulus checks went out to Americans in April, the looming question on many financially vulnerable people’s minds has been will there be another round of stimulus checks, and if so, when will it happen? Congress answered those questions this week by passing a $908 billion […]