Kiss That Plastic Bye-Bye
Fat credit card debt is as much a part of the holidays as Santa. Here's how to shed it and get your ho-ho-ho back
Every year at this time, Americans vow to shed two things: the extra pounds they pack on after feasting on too much turkey and the extra credit card debt they rack up on gifts for friends, family, and themselves. In fact, consumers are expected to ring up $135 billion more on plastic during the holiday season.
Yet before you head out to the mall this year, keep something in mind: Reducing debt is going to be harder than trying to drop a few unwanted pounds. After all, even if you, well, go cold turkey on shopping after the holidays, your debt will continue to grow, thanks to compounding interest.
Every year at this time, Americans vow to shed two things: the extra pounds they pack on after feasting on too much turkey and the extra credit card debt they rack up on gifts for friends, family, and themselves. In fact, consumers are expected to ring up $135 billion more on plastic during the holiday season.
Yet before you head out to the mall this year, keep something in mind: Reducing debt is going to be harder than trying to drop a few unwanted pounds. After all, even if you, well, go cold turkey on shopping after the holidays, your debt will continue to grow, thanks to compounding interest.
Read more at: Kiss That Plastic Bye-Bye
posted by e-borneo.com @ 6:49 PM
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