1) Create a written plan for holiday spending and gift giving. Include possible gifts, dollar amounts, and alternative choices.
2) Establish spending limits for gifts for each person on your list and start looking for bargains early.
At Springboard, when we start working with a new client on a Debt Management Program, one of the first things the counselor does is evaluate the list of debts the client has, along with their monthly payments.
First things first: There is absolutely no way to benefit from using a credit card if you run up a huge credit card debt balance and don’t pay it off quickly.
We’ve all been there. A friend or relative approaches us a little down on his luck. The bills are piling up and they need a couple hundred dollars to get through payday.
1. Plan meals and snacks around the four food groups
2. Plan meals for the week
3. Shop once a week for main items
One of the biggest problems we see in financially distressed consumers is that people waste a lot of money on the little things.
