VIDEO: 3 ways to reduce credit card debt this holiday season

Finance experts offer tips on sticking to that budget this holiday season

1. Create and follow a holiday budget

Avoid making hasty decisions you’ll regret come January. You don’t need to buy a gift for everyone in your life. There are lots of fun holiday activities you can do without spending.

2. Stop credit card debt from snowballing

Avoid building bad credit, take out a personal loan to consolidate your debt. Personal loans are available at lower rates than payday loans, and they can help you stay on track financially during the holidays.

3. Ask Santa for things you need, not things you want

When people ask you what you want this holiday season, suggest items that you actually need. This will help you save money on essentials in the new year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Two fires of note burning in Southeast Fire Centre

As of Saturday afternoon there were more than 20 fires burning in the Southeast Fire Centre.

Greyhound to end bus service in B.C., Alberta

Company axing passenger bus and freight services in Prairies, and cutting all but one route in B.C.

First Nation pipeline protesters erect ‘tiny homes’ in B.C. Park

Kanahus Manuel and Tiny House Warriors say more homes being constructed in park

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

National award for Selkirk alumnus

One of 10 winners from across Canada

All-Indigenous teams break new ground, making BC Games history

This is the first time there have been dedicated Indigenous teams at the BC Summer Games

Lower Mainland teams battle for baseball gold at BC Games

Vancouver Coastal squeaked out a 3-2 win against Fraser Valley

The Northern Secwepemc te Qelmucw people signed an agreement-in-principle with the B.C. government

The signing ceremony, at the Eliza Archie Memorial School, was 25 years in the making

Ping-pong balls of fire dropped to merge two B.C. wildfires

The merger is considered successful by BC Wildfire Services

Canada to resettle dozens of White Helmets and their families from Syria

There are fears the volunteers would become a target for government troops

Francesco Molinari wins British Open at Carnoustie

It is his first win at a major and the first by an Italian

Government sets full-time salary range for Justin Trudeau’s nanny

At its top range, the order works out to a rate of $21.79 per hour, assuming a 40-hour work week

ZONE 1: Hannah Tracey looks to mom as role model while at BC Games

‘She has believed in me when I couldn’t believe in myself,’ Tracey said at BC Summer Games in Cowichan

Recovery high schools could help teens before addiction takes hold: B.C. parents

Schools could provide mental health supports and let parents discuss their children’s drug use openly

Most Read