The holiday times are often stressful. Often that tension is caused by the realization that you will be spending a lot during this time of year. You are not alone.
Pay more than the minimum amount owed and work your way toward paying your balances in full every month. Use a budget to keep your spending from going out of control.
Feeling good while shopping makes it hard to resist impulsive purchases. So need to work harder to avoid that feeling. Recognize that not all sales are true bargains and that it is just a sign with the word “sale” on it.
If you know you will overspend if you use your credit cards, try using cash. It is a good way to keep track of your money for smaller purchases. You will feel pain more immediately and often are more judicious about your purchases.
While your mind may be on the upcoming holiday season, this time of year is a good time to consider how to efficiently structure your capital gains and losses in your portfolio.
By timing your stock sales correctly, you can lessen your tax burden. If you have some stocks with long term losses, it is a good idea to match the capital losses against your capital gains.