null 4 Ways to Avoid the Bad Credit Trap during the Holidays
The holiday season is all about giving. And in most cases, giving
means shopping, shopping means spending, and spending means money. But
you may not always have the cash on hand to spend on holiday shopping
and it is all too easy to find oneself in debt after the holiday
season is over.
To help you avoid the bad credit cycle, here are some ways you can
stay on top of your finances during the holiday season:
Create a holiday budget After you’ve reviewed all of your major expenses and
everything has been accounted for, determine how much you have
available to spend on gifts without emptying your pockets. Once
you’ve set a budget, stick to it.
Create a holiday gift fund Setting aside a certain amount of money that is solely
dedicated to your holiday shopping is a great way to stay on top of
your spending. After you’ve set a holiday gift budget, you can set
up a fund to save up the amount you plan on spending.
Monitor your spending Keep track of how much you’re spending on holiday gifts. To
help you do this, you may want to set a limit for how much you wish
to spend per person, per gift to avoid the risk of overspending.
Manage your credit card balances You can never be too safe on the roads during the winter.
Stick-on blind spot mirrors are a great gift for helping keep your
friends and family alert and aware of other cars on the road.
Perhaps you’re in a bad credit situation and need help getting
approval to purchase a vehicle and improve your credit. Credit
Acceptance has a network of more than 13,000 enrolled car dealers that
help credit-challenged car buyers get approved for financing.
Simply fill out the form on our website, get connected
with three enrolled dealers near and start your credit approval today!