Once the new year arrived, most people put their new years resolution into affect and never looked back. After all, Christmas was over. The new year had been rung in. It was time to go back to work and start plugging away at life. There was no looking back. But to the millions of people who overspent during the holiday season, the thought of Christmas and the amount of money they spent can linger for months. By now everyone would have received their December credit card statements, and I know that many people are feeling over-whelmed with the amount of debt they racked up during the holidays. Over-spending on gifts, events, decorations, etc. is very common over the holidays. Even if you create a budget, it’s still hard not to over-spend. It’s nearly impossible to think of all of the purchases you will need to make over the holidays. That’s why this time of year is often very hard for people. Although it may be easy to spend money in December, it’s so much harder to pay off your debt in the new year.
This is the time of year that budgets need to be created and not strayed from. If you put off paying your debt for too long, you may find that the year flies by and before you know it, you’re adding new Christmas debt onto old Christmas debt. Now you’re in a vicious cycle that is even more difficult to get out of.
If you’re already struggling with your debt and can’t find a way out of it on your own, contact us today for a free, no-obligation consultation. We will review all of your options and come up with the best solution to suit your needs.
