Yep, you charged in December, now it's time to pay the credit card bills. Here are four simple steps from Money Magazine on how to dissolve your holiday debt:
Step 1: Open your bills when they come in.
Step 2: Call your credit card company for lower interest rates.
Step 3: Focus on paying off the card with the highest rate.
Step 4: Close those store credit cards.
We pay our credit cards off every month, so this isn't really an issue for us. The keys to doing this? Budgeting for expenses ahead of time and controlling our spending as part of a plan to spend less than we earn (live with our means).
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