It doesn’t feel like it’s been a year already but – believe it or not – we will soon be breaking out our credit cards and get started on our holiday shopping lists.
There are many reasons to favor a credit cards over cash when it comes to holiday shopping. But in order to get the most out of your purchases, you should also make sure your credit cards are in the best shape possible. After all, they are about to get a serious holiday workout. Here are a few steps to take to make sure your credit cards are fit for holiday shopping.
Create a budget. Although it’s important to have a shopping list ready and a general idea of how much you’ll spend, you should also create a holiday budget to make sure your spending doesn’t get out of hand. It’s easy to just charge everything without paying attention during the holidays. But after the holidays have passed, you’ll realize that you have spent hundreds of dollars more than you intended – or can actually afford. Nobody wants to go into the new year carrying a lot of debt.