Just as there are as many “characters” in our families as there are members of them, there are various spending personalities that surface during the Christmas holidays. Unfortunately, most of them tend to involve impulse spending, overspending, entitlement spending (think, “I deserve a dinner out after shopping all day”), sales spenders (never met a sale they didn’t like), and/or justified spender (think, “this is for a good cause so I’m going all out”).
Let’s see if you recognize yourself in the Christmas Spending Personalities that I’m profiling this Christmas season.
Here’s Christmas Spending Personality #4:
In this case, DEBT is the ghost of Christmases past. The typical consumer who puts their Christmas on credit doesn’t pay the debt off until the following June. Since the Ghost of Christmases Past is anything but typical, he or she is perpetually in debt, continually putting each Christmas ornament, gift and meal on credit cards and store credit while digging their own financial pit deeper and deeper (apparently in preparation for the Ghost of Christmas Future to push us into).
You might be a Ghost of Christmases Past Christmas Spender if…you assume that you will pay for everything with credit and be further in debt than you were before. You also mistakenly assume that this is normal behavior for Americans across our great land. “Everyone does it, right?” Wrong!
Christmas Tip: Take a page from Santa’s book and make a list. Start by determining a realistic budget you can afford this season. Make a list of whom who will give a gift to. Write the amount of money you can spend next to each name on your list. Add gift ideas, and then take the list with you. Remind yourself how nice you’ll feel when you’re not naughty with your credit this year.
Have a healthy and happy Christmas season! Happy holidays to all as we strive to make it magical without breaking the bank.
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