How to avoid debt over the holidays

You have a list of people you want to get gifts for, but you don’t want to go over-budget.

Financial experts say make a plan. Know who you’re shopping for and how much you want to spend on them.

Be smart about your credit. Many stores offer discounts when you apply for their credit cards. Before signing up for one, make sure you can pay off what you spend right away. It’s not a good deal if you end up in more debt.

Don’t dip into your savings for holiday gifts, or that money won’t be there when you need it most. You never know when your car is going to break down, or you have a medical emergency.

Finally, don’t go overboard on gifts, they don’t have to be extravagant to be special.

“A great gift doesn’t have to be an expensive gift. Often times a great gift is something very thoughtful, something that says I know you and I know this is something you’d love,” said Trey Peterson, Financial Professional.

Don’t put yourself in financial stress this holiday season. It’s the thought that counts, not the price tag.

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