Christmas is a very special day where we get to spend time with our families.
From drinking hot chocolate and rocking your favorite pajamas, to having a nice dinner or lunch with your loved ones. While these are some of the common activities done on this special day, we also know that Christmas comes with gifts, whether they are home made or bought.
With this being said, if you are buying your Christmas presents this year, there are ways that you can maintain a healthy credit score while doing so and here is how you can do just that:
1.Create a Budget
If you have a large list of people to buy gifts for, remember that you do not need to buy them the most expensive gifts out there. Create a budget for each person that way you don’t accidentally overspend and not have enough money to pay the bills in January.
2.Avoid applying for credit cards at stores
This may seem like a good idea at the moment, but ask yourself if you are ready to start paying yet another monthly fee to keep up with another credit card. People often make this mistake when doing holiday shopping because they can save money instantly when applying for a store credit card,
3.Play Secret Santa
As silly as this may sound, it just makes sense, especially for those in a big family. Instead of shopping for each individual person and possibly going over budget, plan out a secret santa game where everyone is assigned one person to give a gift. Not only will this save you money, but it will also keep you on track to making sure all of your next bills can be paid which will keep you from hurting your credit score.