Post-holidays credit card crunch hitting Prince George
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PRINCE GEORGE – December is often a time of high spending for many, as it’s all too easy to get caught up in Holiday gift shopping and the many events that take place during the months. However, January can often bring a harsh dose of reality when the credit card bills come in and are noticeably higher than usual. If you’re struggling to pay the bills, local Insolvency Administrator Connor Beverley with Beverley & Associates says there are several small things you can do that quickly add up.
“One thing I like to do in my household is what’s called ‘no spend January.’ So you cut out those daily trips to the coffee shop, try to cut out any kind of dining expenses that you have going out for dinner, try to cut out online shopping, those kind of things. At the end of the day, it comes down to cutting out those impulsive expenses that when you add them together, they can really add up to quite a lot of money,” Beverley said.
If you’re seriously in trouble, more drastic actions like getting a part time job or selling items you don’t necessarily need could be potential actions too. However, as far as less drastic but still impactful money saving tips, Beverley says there is money to be saved from payments you may have forgotten about.
