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How to Get Holiday Debts Under Control

So, you’ve considered the reasons that you overspent over the holidays, but the damage is already done. Now it’s time to pick up the pieces and get on with your life. But when you’re facing a staggering amount of debt, that’s not always so easy. But in almost every case, there is hope.

Create A Budget
The first thing you need to do is create a budget. If you’ve never made one, now is as good a time as any to start. If you already have a detailed budget, you’ll need to revise it. When you’ve run up a higher balance on your credit cards, you’ll have to put more money toward them than you were previously. (more…)