Rich Habits Podcast

149: Fixing the Hidden Hangover of Holiday Debt

17 snips
Dec 22, 2025
Dive into the urgent topic of holiday debt recovery! Discover the financial hangover many face in January and learn a 30–90 day aggressive plan to tackle it. Explore strategies like the debt avalanche versus snowball methods and embark on a transformative 30-day no-spend challenge. Understand the root causes of overspending and why a holiday savings account is crucial for next year. Plus, gain insights on treating financial windfalls as strategic assets rather than impulse spending. Get ready to reshape your financial future!
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ADVICE

Stop The Bleeding First

  • Stop all credit-card spending immediately and use only money in your checking account for essentials.
  • Treat your current checking balance as the sole budget for the next 30–90 days.
INSIGHT

Interest Is Stolen Future Returns

  • High credit-card interest can turn $2,000 of holiday spending into years of payments and large interest costs.
  • That interest is an opportunity cost that could have been invested for significant long-term gains.
INSIGHT

Debt Costs More Than Dollars

  • Holiday debt carries both financial and psychological costs that compound over months.
  • High-interest balances create stress, guilt, and avoidance that damage wellbeing and choices.
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