Between hosting dinners, buying gifts and travel, the holidays can get pretty expensive. And if you’re finding that your paycheck just doesn’t go as far as it once did, credit cards or personal loans may seem like the easiest way to extend your income to afford everything the holiday season demands.
But come January 1, you’re faced with a new reality: It’s time to pay up — and sometimes the balance can be overwhelming. This is called the “holiday debt hangover,” and if you already feel the financial stress mounting, read on for six tips to overcome it.
Assess the damage
Sometimes the uncertainty of not knowing exactly how much debt you have adds to existing financial stress. Rip off the band-aid and look at your credit card statements to…