A recent survey on US consumer spending habits during Christmas shows that 40 percent Americans plan to spend the same amount as last year. In fact, an alarming 12 percent this year plan to spend more. This wouldn't have been as alarming had it not been for the source of expenditure. US citizens use credit cards to buy gifts and toys during the Yuletide. This is why credit card usage reaches its peak during Christmas. The average US household credit card debt stands at 15,279 dollars. The Federal Reserve statistics also show that an average household owes 7,218 dollars on its cards.
This recurring trend of growing household debt after Christmas needs to be addressed if you wish to enjoy a debt free Christmas. There's no point in adding to your credit card debt. Of course you'll continue using your plastic money, but a tad more tactfully.
Surely you don't wish to receive huge amounts of credit card bill after Christmas. Neither would you like to add to your average household debt. At the same time you should also enjoy this Christmas. The following tips help you do the same -
It's Christmas and the time for celebrations. All it takes is a little bit of caution with your credit cards and you can enjoy even after. Merry Christmas!