Tips for the Holiday Season
Don't Blow It
Don't Blow It: How to save your money
Spend only what you can afford
only use your credit card when you know if you can pay the expenses off in that month
Keep your balance low, or pay it off completely
balance: amount you don’t pay off
companies charge 10%-20% of balance (called interest) every month
if you don’t pay your bills on time your interest will add up
Pay your bills on time
if you’re late on a payment you’ll be charged a late fee
will increase your interest
Pay more than the due
over time your interest will add up, making pay more than you would be
Do not take out cash advances
once you take out the money your interest will add up
Keep reviewing your monthly statement
check monthly bill for errors
Always monitor your credit reports
check report for errors and incorrect info.
How do I Save?
Plan when your item will go on sale
Make a shopping list
Only bring the amount of cash you need
Compare prices of a desired item from store to store
Find cheaper deals online
Shop out of season
Save your receipts