Johann Hollar | Staff Writer

Image courtesy of myfoxmemphis.com

With the Christmas Holiday coming up, people need to beat the rush to get the latest items desired (the PS4 will be a hot one) but after the holidays there is one problem that will besiege all holiday shoppers: post-holiday debt.  It’s always been a pain for most people to purchase the things they want during the holidays, especially in these tough economic times while having to make ends’ meet.  Some people don’t have these problems on account of being very frugal and not needing to take this advice. However, those who have yet to do their holiday spending may need whatever advice they can get on how to save and spend at the same time.  That’s what this article is about.

What is written here will not help anyone get out of debt from holiday spending, but advise on how to save money, so that you the reader will not fall into a pit of debt after the holidays.

  • Do not sign on with credit cards or even use them.  This is the number one reason why people are in debt after the holidays.
  • Writing a list always helps to avoid wasteful spending.  That way when shopping, it won’t cause distractions from buying what’s not on the list.
  • Compare prices to online shopping to that of shopping in person at a store.  It lessens the need to buy things on impulse.
  • Take advantage of anything that says layaway.  Paying forward for something now and then paying the rest later can help save money.
  • Never get fooled into that whole “buy two, get one half off”, it’s wasteful spending and it’s distracting.
  • There is no shame in being unable to buy what’s on the list.  Just purchase what you can when you can.

Hopefully these tips were helpful to you, the reader, and remember to have a Merry Christmas and a Happy New Year!