Here is your reminder... Christmas is coming. There are 63 days left until Christmas. That is 9 weeks. Christmas is not an emergency... it comes the same time every year. So, let me ask you... why do we end up with huge credit card bills every January? Do we forget that it is coming every year? No, we just don't plan for it, again, and then we do what we are accustomed to doing... just put it on the credit card and worry about paying for it later. How about NOT doing that this year!
If you start now, and save just $50 / week, you'll have $450 for Christmas. If you do it the other way, and just spend the $450 on your credit card and then pay it back with interest at the minimum payment... it would take you until September 2012 to pay for it, and cost you $137.87 in interest. You would end up paying $587.87 for your $450 worth of Christmas presents... yikes!
How do you pay for Christmas? Are you dependent on your credit cards to provide Christmas?
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