Thursday, July 24 2014 11:14 PM EDT2014-07-25 03:14:49 GMT
Lee County residents voiced their displeasure with a potential property tax hike Thursday evening.More >>
Lee County residents voiced their displeasure with a potential property tax hike Thursday evening. More >>
November 5, 2007
Albany -- With 49 days until Christmas, holiday shopping is now in full swing. Plenty plan to use credit to pay for presents.
This is a mistake especially for those that are already in credit card debt. "Don't pile up anymore credit card debt. 21% is hard to get rid off. And you'll never pay it off just paying a little above the minimum," said financial advisor, Tom Borst.
Advice Jennifer Brooks takes to her pocketbook. "If I can't pay cash for it, I don't buy it," said Brooks.
Setting a reasonable budget will help control holiday costs. "I gave myself a budget for each person for about 30 dollars," said Brooks.
"They know you love them it's not about money anyway. So you just have to cut back some," said Borst.
And though tis' the season for giving, its important that you give to yourself toward emergency and retirement funds.
"Pay yourself first. Put something in savings. You'll never get the credit cards payed off until you pay yourself first," said Borst.
Cutting back a little every week is a start. "People aren't going to miss ten dollars a week, or twenty dollars a week. Put that away and than pay off your debt," said Borst.
"If it's never there, I don't know its missing. So I have it already taken out," said Brooks.
So as you go through your holiday shopping, remember to put yourself at the top of the list.