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Managing Holiday Expenses
11/14/2019 | Greater Nevada Credit Union

Managing Holiday Expenses

According to a 2017 survey from Varo Money, 74 percent of Americans say they often fail to budget properly for the holidays. And so many end up racking up holiday debt, particularly on credit cards.
 
The problem is that debt on credit cards tends to linger past the holiday season. According to a 2018 Magnify Money survey, 49 percent of holiday shoppers said it would take five months or longer to pay the season’s debt off their credit cards. That means those shoppers were going to paying off their 2018 holiday debt well into May of 2019.
 
But it doesn’t have to be that way. Here are tips to help manage holiday expenses: