image description

Blog Post

So You Overspent This Holiday Season

So You Overspent This Holiday Season

We’ve all done it; We’ve all gotten caught up in the excitement and magic of the holiday season and gone way over budget purchasing holiday gifts, attending holiday parties, or traveling to visit family and friends during October, November, and December. Even if you tried to be careful about spending, you may have found yourself with a mountain of holiday debt that completely broke your budget for the year. This January, you can start new and recover from your holiday overspending using the simple tips in this article.

Assess Your Situation

The first step toward recovering from your holiday debt is to understand exactly how much there is and how you can pay it back. Take some time to collect all of your bills and assess your expenses. Then, take a look at your income and understand exactly how much money you make and how much you can afford to pay back at a time.

Adjust Your Budget

Once you understand your financial situation, rebuild your budget for this year to include the extra expenses incurred from your holiday spending. Adding these into your budget will help you understand exactly what you have to pay for every month and how much will be left over for saving and spending. When you know where your money needs to go, you’re more likely to pay all of your bills on time and avoid late fees and bad marks on your credit score.

Plan Ahead for Next Year

After you’ve figured out how to recover from holiday overspending, learn from the mistakes you made this past year and plan ahead for the coming holiday season. It may seem like it’s a long way off, but it’s important to build your holiday spending into your overall budget for the year. This will help you save for the holidays and keep you from overspending next October, November, and December.

If you need more immediate financial assistance to overcome your holiday financial situation, turn to CreditBox. If you’re approved for a loan, you can have cash in hand as soon as tomorrow. Apply online today using our easy, confidential application. 

  • Whatsapp Message
You may also like
Save Money this Halloween by Throwing a Halloween Party on the Cheap

Save Money this Halloween by Throwi ...

Halloween is one of the most fun holidays to celebrate, but can get a little pricey. Especially with Thanksgiving and Christmas following so closely after, October is prime time to be saving money for those holidays. Have fun this year by throwing your own cheap Halloween party with our tips below!

The Best Places in the US to See the Changing Leaves this Fall

The Best Places in the US to See th ...

One of the best parts about fall is seeing all of the magnificent colors of the changing leaves before they shrivel up and give way to winter. No matter where you live in the US, there is a fall travel destination where you can see the spectacle without breaking your budget. After all, enjoying nature is pretty much free! Keep reading for our list of the best places in the US to see the changing leaves.

Bargain Shop for New Clothes this Fall

Bargain Shop for New Clothes this F ...

Fall has always been a time that your parents buy you new clothes for back to school shopping. As adults, the urge to buy new clothes in the fall is still programmed into our brains. The bad news is that now we are supposed to pay for it ourselves. Not fair. The good news is that we found tips and tricks for you to be the ultimate bargain shopper this season! Stick to your budget while still keeping up with fashion trends.