Set A Budget To Avoid Post-Holiday Debts, BBB and Clearpoint Advise

The BBB and Clearpoint Credit Counseling advise consumers to make a budget to avoid going into debt or running out of money during the holidays.

The pressure to “buy, buy, buy” during the holiday season can be intense. If you don’t have a budget - and stick to it - you may wind up short of money for necessities or with massive credit card bills after the holidays.

The Better Business Bureau and Clearpoint Credit Counseling have teamed up to offer tips to help you manage expenses and stay out of debt.

Clearpoint suggests these tips:

  • Make a list: Write down the names of everyone on your gift-giving list.
  • Set a limit: Decide how much you can spend on each gift as well as the total amount you have to spend on gifts. Some families draw names so you only buy for a one other family member or they decide to buy gifts only for the children.
  • Do research: Compare prices to see what the best deal is on the items you want to buy. Read advertisements closely and check prices online before you go to store. Remember that shipping costs can add to the online prices.
  • Plan purchases: Decide what you will buy online and what you will spend at local stores.


Check out our Holiday Planner Calculator, which helps divide your spending among categories like gifts, travel and food.

For more BBB news and consumer tips, check out our website or follow us on Facebook or Twitter.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Thomas Nitzsche December 17, 2012 at 06:52 PM
Thank you for the mention Jerri! I will post to our social media pages and please let me know if I can be of any assistance with any future consumer personal finance topics you would like to cover! Thomas Nitzsche Media Relations Coordinator ClearPoint Credit Counseling Solutions 877-877-1995 x2675 thomas.nitzsche@clearpointccs.org
Jerri Stroud December 17, 2012 at 07:05 PM
No problem, Thomas. We know you do great work with consumers.


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