Avoid credit card debt with reviewing post Christmas sales!

Dec. 30, 2010 - PRLog -- So you are tempted to go out there and reap the rewards of January and after Christmas sales? It might actually be a good idea to check out the sale, the prices and have a think about how much you can save, and how much credit card debt you can pile up by buying something you do not really need.

There are many things that are getting us into a huge credit card debt, but the most dangerous things are sales. They are actually designed to manipulate people's greed and make them spend without thinking. And recent study shows that they do lead to up to 150m credit card debt, so have a think about this: do you really want to struggle with repaying credit card debt in 2011?

As per a recent report in the Sunday Telegraph, this is on top of the £1.9 billion spent before Christmas on presents as food and drink for the holidays. You might be tempted because the VAT increases, but just bear in mind how much more you lose by paying interest on your credit card.

If you have not bought something for Christmas, because you were saving up for after Christmas until it would get cheaper, now it is time to check that price tag on the after Christmas sale. But if you are looking to use your credit card or take on a new one because it offers a discount of your purchase, think again. Think that it is going to lead into credit card debt and only spend on cash or money left over from Christmas, or given to you as a gift.

After Christmas and January sales are real traps that lead to credit card debt, and not to mention the high interest rate store cards we do get offered by the store chain. It is always a clever thing to stop and think if there is an option to avoid credit card debt and only but things we really need and if the saving is bigger than out credit card bill will be in 2011.

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