How to Avoid Going Further into Debt this Valentine’s Day

With the holiday season behind us, dealing with post-holiday debt can be a challenging experience for some, according to Informa Research Services. Consider a Holiday Shopping Poll recently conducted by Consumer Reports which indicates that 23% of Americans will not be able to pay-off their debt until March or later -- contributing to the $63.6 billion charged on credit cards throughout the shopping season.

While no one enjoys incurring more debt than they have to, no sooner has one holiday passed which involves the “gift of giving” that another one approaches. The National Retail Federation’s 2007 Valentine's Day Consumer Intentions and Actions Survey estimates the average consumer will spend $119.67 on Valentine's Day, an increase of 16% from the previous year.

When it comes to showing your affection for that special person, both men and women will be hitting the stores for that perfect gift. Men will wind up spending $156.22 on average while women will account for $85.08.

Read more at: How to Avoid Going Further into Debt this Valentine’s Day