Got debt? I could be wrong, but if you’re revolving a big credit card balance, I’m guessing at least some of it is holiday related.
Sadly, holiday debt can hang on long after the gifts are forgotten.
So, what’s the problem here? Procrastination. When it comes to Christmas, the longer you wait to shop, the more you’ll spend. The more you spend, the more likely you are to look to credit for the funds.
Everyone procrastinates a little, but some of us procrastinate about everything. Why do we do that? Internal conflict.
We feel overwhelmed. We put a lot of holiday pressure on ourselves. But then add to it the expectations of others and it can be overwhelming— even paralyzing. So, we do nothing until it’s so late that our only choice is to spend whatever it takes to squeak by….