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Budgeting now and debt consolidation can help with holiday bills
By Peggy Stillwell on Jul 31st, 2010
The holiday season is still months away, and with warm weather pervading the country, the idea of gift giving during the snowy months may be far from some people's minds.
However, a recent story from Investopedia noted that preparing for holiday shopping now can lead to a better 2011, especially with regard to how much debt a person marks up. One of the first things consumers can do is to establish a budget, which will involve deciding who buy for and how much to spend.
"Prioritize your list, and look for ways to cut the budget," the report said. "Instead of buying your colleagues and friends presents, maybe you can make a batch of sweets, or host a dinner - better yet, make it a potluck."
While those tips may help for this year, some consumers may still be dealing with bills from the 2010 holiday season. One route they could consider taking is debt consolidation.
One potential advantage in doing so is that it can lead to lower interest rates on things like credit card debt, which will make paying it off that much easier.
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