VIDEO: 3 ways to reduce credit card debt this holiday season

Finance experts offer tips on sticking to that budget this holiday season

1. Create and follow a holiday budget

Avoid making hasty decisions you’ll regret come January. You don’t need to buy a gift for everyone in your life. There are lots of fun holiday activities you can do without spending.

2. Stop credit card debt from snowballing

Avoid building bad credit, take out a personal loan to consolidate your debt. Personal loans are available at lower rates than payday loans, and they can help you stay on track financially during the holidays.

3. Ask Santa for things you need, not things you want

When people ask you what you want this holiday season, suggest items that you actually need. This will help you save money on essentials in the new year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Consultant presents two options for Ravensong pool expansion project in Qualicum Beach

RDN committee defers decision until more information available on Parksville pool plans

Regional District of Nanaimo wants Sandpiper water quality issues addressed quickly

Area G director Wallace says situation is ‘unacceptable’

Canada Day through the decades in Parksville Qualicum Beach

History: A look back at July 1 celebrations

‘This year is unlike any other’: Trudeau delivers Canada day address

Sophie Gregoire Trudeau and the Prime Minister release video celebrating the national holiday

Victoria police investigating possible hate crime on BC Transit bus

A young Black man was randomly struck by a Caucasian man who he did not know

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

VIDEO: Prince William and Kate chat with B.C. hospital staff about COVID-19

Seven-minute video posted to Youtube on Canada Day

COVID-19: Should non-medical masks be mandatory in Canada?

New poll shows Canadians are divided on the rules around mandatory masks

PHOTOS: Dual rallies take over Legislature lawn on Canada Day

Resist Canada 153 highlighted colonization and genocide, Unify the People called COVID a hoax

Gov. General honours Canadians for bravery, volunteer service

Five categories of winners presented on Canada Day

Most Read