Start Planning Now to Avoid Holiday Debt

November 07, 2013

Christmas giftsIf you are one of the many Americans who racks up debt during the holiday season, this year is the year to correct that by planning ahead for your holiday spending. While it’s easy to get caught up in the flurry of gifts and exorbitant spending, planning ahead keeps more money in your pocket and can help with healthier credit ratings so you can better qualify for a mortgage in Chicago. The Equifax Finance Blog is ready to help you map out your holiday spending in the new article, ”

Make a Holiday Budget Now and Plan for Success.”

Making a list and a budget are the first items on the list, but after you have those two secure, there is more you can do to save.

  • Shop now – don’t wait for the holiday sales and doorbusters to buy, as you will have more competition for advertised items and can easily save now and stash the item rather than enter a store set to prey upon impulse buying. This is made a lot easier if you have a list put together already and pay attention to when sales are going on.
  • Stay loyal – small, local boutiques rely on loyal customers as word-of-mouth advertisers. If you pay attention to businesses, both in-store and online through social media, you can catch special holiday promotions small businesses might only offer to their best customers.
  • Get comfortable using technology – from money-saving blogs to sites that are set to specifically track deals to apps that compare prices, there are a lot of ways to save money by using the right tools. There are also personal finance apps for your phone that you can use to track spending and help stay on budget with your holiday expenses.

For more tips, tricks and money management hints on everything from saving for your mortgage to avoiding

identity theft and more, check the Equifax Finance Blog.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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