Freedom Debt Relief suggests attract 10 last-minute tricks to Holiday Budget Committee

San Mateo, California (Nasdaq) 16 December 2011

Christmas shopping season is in full swing in the final weeks of the year, starting with already increasing credit card debt. Harried buyer might be tempted to pull out of its plastic wallet and his throw caution to the wind – but to blame this season can create financial pain in next year, said Freedom Debt Relief (FDR) vice president Kevin Gallegos


The U.S. Federal Reserve Bank reported last week that the total consumer borrowing rose $ 7600000000 in October, with a lot of that debt to pay for cars and college educations, but some raised from credit cards. Credit card borrowing rose by 0.6 percent in September and by the same amount in October.

“Consumers are tired of scrimping and saving could in the last two years of recession,” said Gallegos. “They could also be more confident after the unemployment rate to a three-year low in November fell. But it remains important to live within their means. Wearing credit card debt is never part of a sound financial strategy, even when there may be one generous spirit will be caused. “

Gallegos listed the following 10 ways for consumers to control their expenses, so that the new year so happy, as the holiday season.

1 Budget, budget, budget. Shoppers should understand how much they actually have available to spend over the holidays before they walk in the mall or log on to the Internet, said Gallegos. In addition, buyers have a consistent tendency to spend too much during the holidays, as evidenced by numerous surveys of annual leave.

2 Use a list. Shoppers should apply to all gift expenditures, including gifts for teachers and party exchanges, holiday tips, and the cost of shipping packages and plan entertaining. Also found in holiday spending this year, the National Retail Federation survey, nearly 60 percent of buyers to take advantage of sales, planned to buy items for themselves or their families. This expenditure was expected that the buyers’ holiday spending by nearly 20 percent over what they planned to increase spending on gifts Shoppers need for this plan -. Or make it a point not for themselves shop


3 Re-evaluate mid-shopping season. “If you have already spent, remember to change your mind,” said Gallegos. Most stores accept returns, and many retailers offer extended return policy during the holidays. Shoppers feeling pain of excess debt still have time to get the excess return, and choose instead more budget-savvy gifts.

4 Avoid store credit card temptation. Many retailers attract buyers with one-time discounts if they apply for a store-branded credit card. Gallegos advises caution, however, because these cards usually come with old-fashioned high interest rates. “If you do not repay the balance in full, interest rates could equal or greater than the savings at the cash register,” warned Gallegos.

5 pay in cash. A guaranteed way to avoid credit card debt after the holidays is to pay in cash. Some dealers have the practice of buying on layaway, where customers purchase an item on installment payments revived in the store. This may be one way to ensure an element of the availability and avoid credit card debt.

6. Shop online and find free shipping offers. Online shopping enables shoppers to compare, prices, to avoid pressure, and the search for promotional codes or treat you visit reliable sites. As a bonus, no longer online shopping tempting in-store displays. Be careful when buying websites, the pressure pulse to customers with limited time or quantity sales. Keep an eye on shipping costs. Consumers can free shipping codes or promotions to see or visit where offer a variety of online retailers free shipping will today (16 December).

7th by saving homemade gifts. People can show their appreciation for other people, without it easy (and affordable). The first step is to choose a plan – perhaps two kinds of delicious pastries – and then spend an afternoon in the kitchen. Package cookies in attractive containers (ideally something that is a useful second life, how can have a large travel coffee mug) and they are out of the hands of the postman dog walker, garbage collection, etc. Other ideas popcorn or mini-loaves of bread quick bread or cake .

8th Stay at home. Spend some time vigorously polished living quarters for a comfortable, pleasant place for relaxation and fun to create. Families and friends can enjoy precious time together together by borrowing movies from the library, reading holiday favorite books, rental of video games, or investing in a card game and a game rulebook.

9th Apply for seasonal work. During this time of year, shoveling in a tight economy, an abundance of opportunities for part-time work in retail or on a freelance basis, from snow to baby sitting, house sitting or pet care while traveling to another.

10th Get help if necessary. People who had been unemployed find it difficult to make ends meet, or be able to afford gifts for the children. “If you are eligible to brighten in the support of a view of local non-profit organizations to be able to make your vacation, whether with a toy donation program, winter coat drive, or by a holiday meal on the table could,” said Gallegos . “Those who can afford it to help in this way, will find this to be another way and to participate in the warmth of the season.”

“People who are financially savvy, will not forget that ultimately, the holidays are not what you give and receive, but about the season and enjoy good times with friends and relatives,” said Gallegos.

About Freedom Debt Relief (

Freedom Debt Relief provides consumer credit advocacy, also known as debt resolution services. To negotiate the work as an independent advocate for consumers with creditors and lower principal balances due, the company has resolved more than $ 1000000000 in debt for nearly 100,000 customers since 2002. The company is an accredited member of the American Fair Credit Council (formerly The Association of Settlement Companies) and a platinum member of the International Association of Professional Debt arbitrator. FDR holds the Goldline Research Preferred Provider certification for excellence between debt relief company.

Freedom Debt Relief is a wholly owned subsidiary of Freedom Financial Network LLC (FFN). Based in San Mateo, California, FFN, also operates an office in Tempe, Arizona, the company with more than 500 employees, has become one of the best places in the San Francisco Bay Area to work in 2008 and 2009, and the Phoenix in 2008, 2009 and 2010. FFN-founders received the Northern California Ernst & Young Entrepreneur of the Year Award in 2008.


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