What you can do next
A cash-only holiday season may sound intimidating, especially if you're just starting today, but it's worth thinking twice about taking on new debt for the holidays. Even if you’re not living on a shoestring, those extra credit card payments are a sure-fire way to wreck your budget in the new year. If you don't have the money for an extravagant celebration today, why bet on having it tomorrow? With a few manageable changes, the holidays don't have to be a financially stressful time of year.