The 12 Debts Of Christmas Part One
How to Manage Money and Make it Grow
Oh the weather outside is frightful
But the fire is so delightful
My credit card is maxed out so
Let it Grow! Let it Grow! Let it Grow!
Tis the Season for too much spending
And there's just no comprehending
How will I pay my bills next year?
Let em Grow! Let em Grow! Let em Grow!
My debt is as deep as the snow
Oh what a terrible fright
And I know it will continue to grow
How will I sleep through the night?
Now the presents have all been given
To the poor house I have been driven
And my credit scores are way down low
Help it Grow! Help it Grow! Help it Grow!
The holidays are right around the bend and there are two things you're thinking about. How are you going to avoid dinner at the in-laws and how am I going to pay off my credit card this January? Over the next few weeks I will go over 12 tips for holiday debt relief. Each idea will teach you little by little how to manage money and create a debt free 2010!
HOLIDAY DEBT TIP 1: Don't Add More Debt
Did you know that every $50 you add to your credit card balance will add another month to the time you can to pay it off. Don't worry, Christmas isn't cancelled! Santa is still going to make it this year. You have to keep an eye on your budget. Now is the time to really bear down and crunch your numbers. Decide the things you need and what you can afford to lose. Is it important to have a present for your cat or a brand new outfit to show off for Christmas day? Figure out what is really important and what can be missed. You will surprise yourself with the amount of money you can actually save. This is a great time to learn how to manage money.
HOLIDAY DEBT TIP 2: Make a List and Check it Twice
It may be simple to forget about your finances during the Christmas season but you can't forget the big picture. Begin to create goals and follow through with them.
Goal #1: Start an Emergency Fund - Any amount helps. Even if it's just $10 or $25 each week it's time to start now and it will help. The goal is to have close to $1000 saved up and the sooner the better.
Goal #2: Start Debt Stacking - those credit card bills are starting to arrive in the mail right about now. This is a great time to start snowballing your debt. Review my previous posts for debt stacking tips.
Goal #3: Cut the Cost of Living - There are plenty of ways to limit those expenses. Lower the heat a few notches when you are at work or when you are about to go to bed. Shut off any lights when you are leaving a room. Check any windows or door ways where hot air may be escaping and properly seal it. The amount of money you will save will amaze you.
Goal #4: Clip Coupons - Every store wants your hard earned cash. Search online or in the newspaper for deals. The more time you spend shopping around for the best deals you will save lots on your Christmas purchases.
You should create 6 more personalized goals for yourself. If you don't know the answer, there are some resources on my blog that will help. If you have some questions let me know and I will try to help!
For the next post there will another wonderful song you can break out around the dinner table with family and friends and a couple more tips on how to manage money and remain debt free this {holiday season|Christmas!
DID YOU LIKE THIS ARTICLE? SHARE IT WITH FRIENDS!
Oh the weather outside is frightful
But the fire is so delightful
My credit card is maxed out so
Let it Grow! Let it Grow! Let it Grow!
Tis the Season for too much spending
And there's just no comprehending
How will I pay my bills next year?
Let em Grow! Let em Grow! Let em Grow!
My debt is as deep as the snow
Oh what a terrible fright
And I know it will continue to grow
How will I sleep through the night?
Now the presents have all been given
To the poor house I have been driven
And my credit scores are way down low
Help it Grow! Help it Grow! Help it Grow!
The holidays are right around the bend and there are two things you're thinking about. How are you going to avoid dinner at the in-laws and how am I going to pay off my credit card this January? Over the next few weeks I will go over 12 tips for holiday debt relief. Each idea will teach you little by little how to manage money and create a debt free 2010!
HOLIDAY DEBT TIP 1: Don't Add More Debt
Did you know that every $50 you add to your credit card balance will add another month to the time you can to pay it off. Don't worry, Christmas isn't cancelled! Santa is still going to make it this year. You have to keep an eye on your budget. Now is the time to really bear down and crunch your numbers. Decide the things you need and what you can afford to lose. Is it important to have a present for your cat or a brand new outfit to show off for Christmas day? Figure out what is really important and what can be missed. You will surprise yourself with the amount of money you can actually save. This is a great time to learn how to manage money.
HOLIDAY DEBT TIP 2: Make a List and Check it Twice
It may be simple to forget about your finances during the Christmas season but you can't forget the big picture. Begin to create goals and follow through with them.
Goal #1: Start an Emergency Fund - Any amount helps. Even if it's just $10 or $25 each week it's time to start now and it will help. The goal is to have close to $1000 saved up and the sooner the better.
Goal #2: Start Debt Stacking - those credit card bills are starting to arrive in the mail right about now. This is a great time to start snowballing your debt. Review my previous posts for debt stacking tips.
Goal #3: Cut the Cost of Living - There are plenty of ways to limit those expenses. Lower the heat a few notches when you are at work or when you are about to go to bed. Shut off any lights when you are leaving a room. Check any windows or door ways where hot air may be escaping and properly seal it. The amount of money you will save will amaze you.
Goal #4: Clip Coupons - Every store wants your hard earned cash. Search online or in the newspaper for deals. The more time you spend shopping around for the best deals you will save lots on your Christmas purchases.
You should create 6 more personalized goals for yourself. If you don't know the answer, there are some resources on my blog that will help. If you have some questions let me know and I will try to help!
For the next post there will another wonderful song you can break out around the dinner table with family and friends and a couple more tips on how to manage money and remain debt free this {holiday season|Christmas!
DID YOU LIKE THIS ARTICLE? SHARE IT WITH FRIENDS!
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