Has the way you shop for, and budget for, Christmas changed? I know for me it has.
I used to keep a pretty tight budget for holiday spending. Credit was never a concern. I spent what I had, and if I didn’t have it I didn’t spend it. Easy peasy.
But now? Now I know the feeling of opening that credit card statement come January and cringing in despair.
I definitely blame online shopping. There are so many great deals to be found online, so many fun fantastic things that I could buy as gifts for the people in my life. And, for the most part, they have to be paid for with a credit card. The money isn’t coming out of my account. It is no longer a total counting down, but rather a sum that adds upwards. And upwards.
And yes, I am a sucker for a good online sale. Those Black Friday deals keep reeling me in.
I don’t have a problem stopping myself from buying the big ticket items, but I find it far too easy to justify one more small purchase, and then another, and another. All those $15 and $27 sales add up and suddenly you are recoiling in shock from the grand total spent.
Being credit savvy — keeping a running tally, being aware of what you are spending, and pre-planning how you are going to pay off all of those credit card purchases — seems more important now than ever.
Goodness know I could use some tips.
Which is why I’m looking forward to this Thursday’s Tangerine Bank Twitter Party.
Credit Savvy Twitter Chat
Date: Thursday, November 21, 2019
Time: 8:00pm ET – 9:00pm ET
No RSVP Required
$500 in prizing!
Rules & Regs: Click here
Anyone can participate in the #CreditSavvy Twitter Chat.
Only residents of Canada, excluding those in the province of Quebec, can win prizes.
Got any good tips for how to stay credit savvy during the season of spending? Drop them in the comments here, or, even better, come join in the chat on Thursday night. See you then?