Managing Holiday Debt Strategically

Many individuals face significant debt after the holiday season, with surveys indicating that nearly half of consumers still owe balances from previous years. To tackle this financial burden, it's crucial to create a structured repayment plan. One effective approach is to list all outstanding debts, including their respective interest rates, to prioritize payments accordingly. By committing to a 10-month repayment strategy, individuals can work towards eliminating their holiday expenses before the next season arrives.