The end of year holidays can be a high-pressure time for a number of reasons. It is very busy due to all the parties and special events family and friends expect you to join in. Even worse is the expectation of gifts by your family and friends. If you’re on a tight budget, you might feel like Scrooge. But the truth is, it’s never a good idea to overspend at the holidays.
Financing the presents, food, travel and more on a credit card can leave you paying off the bills months after the fun is over. In addition, the "bargains" you thought you’d managed to find are a lot more costly when you start adding monthly interest payments to the mix.