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Christmas on credit??

December 13th, 2023 at 11:06 pm

I was at the store the other day when I overheard a couple of women talking and one said "I just finished paying off the CC from last christmas and now maxing it out again for this christmas"..her friend said "we are doing the same...it's a yearly ritual for us" 

I have never put christmas on credit I either have a seperate account to put the money in (we put it away monthly) and there is alao an option here for a 5 month layby (layaway) for christmas (all toy related including game consoles etc) from one of the major retailers here...you just pay it off over that time and pick it up right before christmas...so I don't understand the concept of paying off gifts over an entire year...plus the interest you pay on the CC...do others do this for christmas?? or do u just pay for christmas as you pick up things??

Posted in Uncategorized | 5 Comments »

5 Responses to “Christmas on credit??”

  1. LuckyRobin Says:
    December 14th, 2023 at 04:30 am 1702528245
    1702528245

    I save for Christmas all year. I can't imagine maxing out a credit card for it. I have used a credit card in the past, but never maxed it out. If people are doing that, they are giving gifts to too many people, are giving too many gifts, or are giving gifts that are out of their price range. Or all of the above. I set my budget at the beginning of the year and divide it by 12. Each month I put that amount into an envelope. Most people are not disciplined enough to do this anymore, but it was the way people used to do it all the time. That or layaway.

  2. Wink Says:
    December 14th, 2023 at 01:37 pm 1702561028
    1702561028

    I also save for Christmas spending in a Christmas fund and have a set amount of money to spend. I do charge Christmas purchases on my cash back credit card, but I always pay it off in full before any interest accrues.

  3. anonymous Says:
    December 14th, 2023 at 03:14 pm 1702566852
    1702566852

    I used to finance a lot of things: cars, Christmas, $3000 of my graduate school education, new clothes...

    Now, I only get out the credit card to buy something if I know I can pay it off soon, like within a week to a couple of months. I have not had a financed car since 2004. I did finance my house, but not on a cc and it will be paid off before I retire.

  4. livingalmostlarge Says:
    December 14th, 2023 at 04:58 pm 1702573132
    1702573132

    I hear that a lot from friends. Oh I am charging our christmas plans

  5. mumof2 Says:
    December 15th, 2023 at 02:05 am 1702605909
    1702605909

    I still can't believe people go into debt for christmas...if they just set money away each pay and spend what they have then it would make their lives much easier....so glad I am around like minded people

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