It’s a common thing to see people overindulgence during the holiday season. May it be eating, drinking and then buying too many gifts with their credit cards there is great extravagance. Don’t be lured into spending more than you can afford, be disciplined and manage how you spend your money

Why should you limit Your Holiday credit Card Purchases?

When you have a credit card, you will be tempted to thinking that you can purchase way too much than what you can actually afford. Below are reasons why you should cut those credit card purchases.

• You use more money when you purchase gifts using your card. There usually is interest that will accumulate that at the end of the day will leave the unit cost of the gifts higher than if you bought the same on cash.
• You get low scores as your balance rises. The moment your credit goes higher than Spending more than 30% above your credit limit, you score starts taking a nose dive

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If you don’t want to be paying for the gifts that you bought during the holiday season until march the next year, draw up a budget of al your expenses and stick to it.

How do you stay clear of Holiday Debt?

Have you come up with the decision that you want your credit card to stay debt free? The tips below will help you do that.

1.    Start Saving. Is there a better way to not have debts than to avoid them? Make savings all year so that you can buy on cash when the holidays come up. By starting early, you will have a very big amount that can go into your holiday budget.

2.       Draw a budget for the things you want to buy. Budgets if, stuck to, are invaluable financial management tool that helps you avoid overspending. Write down all the items and how much they cost and check against yu funds so that it does not exceed and you revert to credit..

3.       Shop, from a list. It will help you avoid impulse buying and make sure that you buy everything that you needed. Don’t buy people very expensive gifts, cheap but relevant things will get you a bigger impact.

4.       Forget yourself for once. Let the holiday season be for giving to others.  You will save on cost by getting the other people gifts then allowing the whole year to be your shopping time..

5.       Don’t fall for the “big” sales adverts. They are only allures into you buying what you never planned for. Follow the list that you made

6.       Look up the prices online first. Is hard to be an impulse buyer while shopping online since you will go to retailer’s website looking for a specific item. Look at the good they stock then visit their stores.

7.    Go shopping without your card. Though times will necessitate that you shop with your card, try not to go with it everywhere as this will put you into constant temptation to use it. When you use it though, use it for things in your budget.

8.       Buy only what you can pay for.  People buy lots than they can pay for with their cards with no thought in mind that those amounts will be charged on their future income. Don’t bring yourself to ruin by pilling up your credit card debt