WAUSAU, Wis. (WSAW) – One-third of Americans took on an average of over $1,500 in holiday debt. Which is a 24% increase over last year.
Financial experts at Park City Credit Union in Merrill said the first step is to start saving. Even a small amount, like $25 or $50 dollars a month will help. Looking into getting intro balance transfer rates can also help you deal with holiday debt. Many offer 0% for specific time frames. That helps you get away from credit cards with high rates.
What experts say not to do though is wait. Procrastination is the biggest thing that we see obviously the economy, the world, and the stock market is crazy right now. Putting your head in the sand and not doing a plan or not trying to start and do something is…
Read the full article at: https://www.wsaw.com/2023/01/05/waiting-pay-off-your-holiday-debt-causes-more-issues/