Holiday shopping, drinks, dinners, travel and the spirit of giving is wonderful until …the tab for all the festivities shows up in your inbox or mailbox. There’s nothing like the black and white tally of the damage to snap us back to reality. It adds up quickly and if you aren’t paying close attention, you could wind up paying off your holiday debt much longer than is necessary.
Do you have outstanding balances on numerous cards? Can you transfer them to the one with the lowest interest rate? Does it make sense to take out a low interest loan to pay off holiday debt? What about in-store price adjustments on merchandise you bought before the holidays that’s now on sale? All your post holiday shopping questions answered today on Patt Morrison.
Peggy Collins, personal finance columnist, Bloomberg News