Should I Go into Debt to Buy Christmas Gifts?
Money Management for Parents
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Rachel: No! No! No!
Is that clear enough? If you can’t pay for your Christmas gifts with cash, then you need to step back and take a look at your budget—or, if you haven’t made a budget, make a budget!
If you go into debt to pay for your Christmas gifts, then you can’t afford what you’re buying. Plus, who wants to still be paying for Christmas in June?
Debt is not part of the Christmas spirit! Make a Christmas budget and follow it. Use cash and prioritize who you’re buying stuff for.
And, bottom line, don’t go into debt!