News Staff
Wednesday, January 19, 2022
National nonprofit credit counseling agency Take Charge America shares tips to cure the postholiday financial blues The holidays may be over, but their financial impact is likely to add extra strain in the new year for the 36% of individuals who took on debt to pay for gifts, decorations, and more in 2021, according to LendingTree. “It’s easy to feel overwhelmed if you brought holiday debt into the new year,” said Michael Sullivan, a personal financial consultant with Take Charge America, a nonprofit credit counseling and debt management agency, but with a little focus and hard work, you can create a plan of action that will pay off that debt as quickly as possible so you can focus on your other big money goals for 2022, like buying a home or taking a dream vacation.” Sullivan shares six tips to help you quickly pay off your holiday debt: Stop using credit cards.