Community Corner
Poll: How Much Did You Put on Plastic This Christmas?
Did your credit cards shoulder a lot of your holiday spending load?
We hear the advice every year during the holiday shopping season: keep an eye on credit card spending, whether on bank or store issued plastic. Such as with this nugget from Consumer Reports article:
"Try to resist the temptation to charge more than you can afford or you'll be nursing a debt hangover long after the holidays are over. Only take the bait for a store credit card and its one-time extra savings if you're buying something expensive and know you can pay the balance on time and in full. Store credit cards typically carry interest rates of 20 percent or higher. To avoid lowering your credit score, don't apply for more than one store card in a season."
But with the word "debt" looming large over the financial news of our nation and much of the world, we have to wonder — how much holiday spending did you put on credit? Let us know by voting in the poll below.