“Too many people spend money they haven’t earned to buy things they don’t want to impress people they don’t like” – Will Smith
The Holiday Season tends to lure us all into getting into more spending and debt. Big-item buying and unplanned spending is as bad for personal as it is for business finances. Festive Season has the magic of making us all a bit merrier and light-handed when it comes to shopping, parties and Christmas gifts, but most of the time the headache from unnecessary debt comes “the morning after”.
No matter how generous and ecstatic you feel, think twice before putting another item in your Christmas shopping cart. You can’t avoid Christmas spending, but you can surely avoid putting yourself in a financial predicament that could lead to cash flow problems due to more debt as you start the New Year. Continue reading