If your credit is in reasonable shape, you may receive some particularly good credit card offers as the holiday season approaches. Be mindful that the best way to use these offers is to lower your interest rate and/or consolidate your debt. It is best not to ADD debt because of a credit card offer. However, you do want to get the most savings you can when doing holiday shopping, and many people use credit cards for at least part of their purchases.
This year, with the COVID situation, most of us have limited money to spend on gifts for our family and friends. So, before you start shopping, ask for ideas, and then make a list. Then, check prices online and determine what fits within your budget but allows you to get the most out of your money. You may also consider home-made products as gifts; they are often more valued and less costly.
Start shopping well in advance to avoid the stress and crowds. Stressful or last-minute shopping can lead to wrong decisions. You can make smart money-saving decisions when there is no stress or crowd around you.
