The holiday season is upon us, and with it comes fun, family, friends, and food. However, it’s also the season of spending. As you prepare for all of the expenses that come with the holidays, it’s important to consider your credit card debt. Debt can put a damper on your holiday cheer and keep you from participating in your favorite seasonal traditions. Now is the time to consolidate credit card debt with Lendah and give yourself some financial freedom for the holidays.
The Most Expensive Time of the Year
Last year, roughly 36% of consumers went into debt during the holidays, averaging $1,249 in credit card debt, according to CNBC. Between travel expenses, large grocery orders, and gift shopping November and December are the most expensive months for most Americans.
Many rely on credit cards for holiday shopping, but when it comes time to pay the bill, it’s not always possible to pay off all of the extra expenses. This leads to interest charges, and when January arrives, you’re in more debt than you bargained for. While holiday shopping predictions for 2022 are suggesting a significant decrease in consumer spending, saving money and not relying on credit card debt are key to entering 2023 with a positive financial outlook.
Holiday Savings Ideas
How do you save money during the holiday season? We understand that you still want to enjoy the holidays to the fullest without hurting your wallet or going further into debt. Here are some ways to cut down on spending:
Black Friday and Cyber Monday
Black Friday and Cyber Monday are the busiest shopping days of the year for a reason. Retailers roll out significant discounts and deals to jumpstart the holiday shopping season. If you are looking to save money on gifts, essentials, or even experiences, keep an eye out for the Black Friday and Cyber Monday deals.
Make a List
Santa has a list for a reason; it keeps him organized. Shopping lists are always a good idea to keep you from impulse buying, but they can be particularly helpful during the holidays. You can keep track of what you need on top of your regular spending and help you stick to your budget. Make a list of those you are gift shopping for, what kind of gift you are going to purchase for them and then stick to the list.
Consolidate Credit Card Debt
Multiple credit card payments in a month can take a lot out of your monthly budget and leave little room for extra spending. While we understand the value of saving money and staying away from extraneous purchases, it’s unrealistic to expect people to give up on holiday traditions and gifts. With a debt consolidation loan, you can decrease the amount of monthly credit card payments and make room for guilt-free spending.
How to Consolidate Credit Card Debt with Lendah
With one debt consolidation loan from Lendah, you can pay off all of your existing credit card debt and move forward from high-interest payments, bad credit scores, and financial stress. We work with over 30 lenders to find the perfect loan for your financial needs. You can find benefits like:
- Interest rates as low as 5.99%
- Pre-approval for up to $35,000
- The possibility of saving thousands of dollars
Set up your free consultation with one of our financial experts by sending an email to firstname.lastname@example.org. Once you’re on the path toward financial freedom, you can face the holidays without buyer’s remorse.