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Should I Go into Debt to Buy Christmas Gifts?

Rachel Cruze

Money Management for Parents

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!

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Rachel Cruze

Growing up as Dave Ramsey's kid, Rachel Cruze learned the basic principles of money at an early age. She travels across the country teaching those same principles, in a personal and passionate message of money and hope, to teens and young adults. To find out more about Rachel, visit or follow her on Twitter at @RachelCruze.