|Shop Till You Drop|
It does not matter if you are purchasing a gift during Thanksgiving or Christmas for a loved one or whether the gift is for you.
Real life story
Sometime last year, my sister was telling me how she overhead two female shoppers laminating about their spending. It was during the holiday season. One of the women was laminating about maxing out her credit credit on shopping for others.
She then went on to say that she'll have to use monies from her January paycheck to cover her credit card.
I'm sharing this because this could happen to anyone of us. The unfortunate thing this that she would have to sacrifice some of her disposal income. As a result, she may even fall behind with other payments. Not to mention that it may take longer than one month to clear the debt.
1) Tool kit #1
Let's focus on the errors we as shoppers make during the holiday season. Credit card spending is the first of these.
Shoppers who max out their credit cards to purchase gift items during the holidays do this because it is the one time of year when they may get to impress others with a kind gesture. Shoppers can avoid using their credit card by leaving their card at home. It removes the temptation of using their card.
Pretty basic, right! Nonetheless, we can get carried away what with all the bright lights going up in the shops.
Leading on from my first point, particularly when it comes to not having sufficient disposal income - desperation can quickly find its way into our heads.