DON’T MAKE PURCHASES TODAY THAT YOU WILL REGRET TOMORROW
Before you go shopping establish a budget as to how much you can comfortably afford to spend.
During the holiday season (for some reason) people feel they need to buy everyone something really, really nice. If you cannot afford really, really nice, then you will have to establish a plan b (it’s the thought that counts).
If people cannot understand that you are currently in a place where you have to be frugal, then you need to change the people in your circle.
Don’t let anyone stress you out this holiday season and make you feel pressured to purchase them or anyone else a present.
Overspending can damage your credit score.
Your credit score is one of the most important numbers that you will have in your lifetime. It determines how low your interest rate(s) will be when you are establishing credit.
Your credit score also determines if you will be able to obtain your dream job or home.
If you do not have the money to comfortably spend, and you go against the grain and spend money you do not have anyway (by charging up credit cards or borrowing money); remember you can spend now and have to spend a whole lot later (in time and payments) in order to re-coup your losses.
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