Tips to curb your credit card expenditure during the holiday season
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Cardholder Benefits » Tips to curb your credit card expenditure during the holiday season

Tips to curb your credit card expenditure during the holiday season

Add to Favorites:

Holiday season is the time of the year when credit card debts can pile up beyond control. This is because most people splurge without inhibitions, considering that all stores are willing to throw in never before discounts on their products and services. Unfortunately, by the time realization dawns, the credit card bills are so high that paying them off implies stretching yourself thin and working overtime. Many surveys conducted have revealed that people tend to spend close to 15% - 20% more on their credit cards during the holiday season as compared to the rest of the year. If you want to save yourself from falling prey to credit card debts because of holiday spending, here are some tips to keep in mind.

Set a budget

Before you set out shopping for gifts and other products, it is imperative that you chalk out a budget. Working without a budget can set you back by hundreds of dollars. Stick to a budget that fits your monthly expenditure. Do not override it assuming you can afford it at a later date. As much as possible, use the cash on hand, and then, opt for the credit card.

Make a list

One of the most common reasons for people to spend beyond their means or overshoot their budget is that they don`t make a list of the items or gifts that they need to shop for. You need to make a list of the people to whom you want to buy gifts and the type of gifts you want to buy each one of them. As you make your purchase, ensure you check that entry off the list, so you don`t buy it twice over. Mistakes like these can prove to be costly over a period of time.

Keep an eye out for the best bargains

Holiday season implies heavy discounts at regular and online stores. Keep an eye out for the best deals. If you are planning a vacation during the holiday season, there are a number of online travel portals offering great discounts on exotic destinations. Opt for package deals that help you get more value for every dollar that you spend.

Think before you pay shipping charges

If you are placing an order for online products, take a look at the shipping charges before confirming the order. If the charges are high, you may want to compare the total price of the product to the price being offered at regular stores. If you feel the difference is significant, then don`t order the product online; instead, purchase it at the regular store.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Cardholder Benefits Research:

Related Research:

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading

How Much Do Shell Cards Really Save on Gas?

By Allison Martin, Posted: April 20, 2016

There is an endless amount of gas cards on the market, and practically every major gas station, including Shell, has options to choose from. In fact, Shell offers two options for gas cards for consumers. Continue reading