There’s a magical feeling in the air this time of year, but that magic costs money. Every year, the pressure looms large to spend more to create perfect holidays.
This high-cost season can leave you with debt that sticks around. According to NerdWallet’s 2022 Holiday Shopping Report, 31 percent of 2021 U.S. holiday shoppers who used a credit card to pay for gifts still haven’t paid off their balances.
With some planning, you may be able to avoid holiday debt. But if you go over budget and carry some credit card balances, there are ways to limit the damage to your finances….