Whats your main source of holiday stress? Finances, according to 55 percent of respondents to a Family Credit Counseling Service Survey. Thats because women tend to think “bigger is better,” which leads to overspending, says Jennifer Openshaw, author of The Millionaire Zone: Seven Winning Steps to a Seven-Figure Fortune. Its better to buy a small gift that really speaks to the recipient than something expensive. And by cutting out a few daily expenses, you might just be able to save enough for some meaningful gifts. Bills.com helped us come up with this chart to show you the way.
Pay for $1,000 in gifts …
…With a credit card
Youll spend $400 in interest if you pay it off in a year; $50 in interest if you pay it off by March.
…With a debit card or cash
Youll save enough money to buy a months worth of groceries or get a gym membership.