Home > Tag Archives: saving money on holiday gifts

Tag Archives: saving money on holiday gifts

How to Handle Christmas Gifts When You’re in Debt

A couple of years ago, we were in the middle of a huge push to pay off our credit card debt once and for all. Then, the holidays rolled around. No, this joyous time of celebration did not make us happy to deck the halls and start singing about reindeer. We had gotten into the habit of not spending, and now it was time to think about holiday shopping. In the past, we bought gifts for most all of our family members, but spending a few hundred dollars on gifts is not the smartest move if you want to kill the beast that is consumer debt. This is my plan for handling Christmas while in debt. Slash Your Gift List There is no rule that you have to buy a gift for everyone you know or are related to, but if people assume you are buying something for them, they will probably get something for you. You might feel awkward if you show up with nothing, so make sure you tell people ahead of time that you’d rather not exchange gifts this year. You can share your debt story or not. Either way, there are tons of reasons you can ...

Read More »