Remember to spread Christmas joy to your finances.  Experts say that 80% of Americans are in debt (8 out of 10), with an average debt of $38,000, not including their mortgage.  During this season, many people tend to stress themselves over giving gifts out of obligation.  Some go into debt trying to give gifts they believe someone would be impressed with, and others go delinquent without meeting their financial commitments to purchase Christmas gifts.  Statistics say that average Americans spent $1100 on Christmas gifts last year and are still trying to pay it off.   Here are a few simple things you can do to bring Christmas joy to your finances:

  1. Don’t overspend.
  2. Establish a budget and stick to it.
  3. Write your Christmas list before shopping.
  4. Control your online shopping.
  5. Avoid feeling obligated to give an elaborate gift if you cannot afford it.
  6. Avoid giving out of obligation to those who give you a gift.
  7. Leave your credit cards at home.  Don’t charge if you cannot pay cash or pay the balance in full within the billing cycle.

Is it okay to give gifts?  Absolutely!  Most importantly, remember the reason for the season.  The Christmas season is about celebrating the birth of our Savior, Jesus Christ.

Christine Roebuck, CEO