CONSUMERS: SHOPPING SPREE OR SHOPPING ALERTI will get back to the Top 10 Credit Building Tips on the next post. There is a Holiday Shopping Alert you should be aware of:
Buying on credit. Financial experts say that those who shop with credit cards tend to spend as much as 30% more than if they'd shopped with cash.
The reason: When you shop with cash, you're more aware of how much you spend and how much you have left because you can touch it. And once the money's gone, it's gone. The best thing you can do is set a holiday budget.
Plus, if you have to put the purchase on your credit card or sign up for the store's financing, you simply cannot afford it and it could damage your credit without you even knowing it! Any good deal you thought you were getting will be eroded by the interest you'll accrue and the time you'll spend as a debt hostage. About 12 million Americans are still paying off last holiday's bills, according to Consumer Reports.
Hiç yorum yok:
Yorum Gönder