Many folks find themselves overspending during the holiday season and then they feel overwhelmed at their financial situation in the New Year. It is easy to get carried away when you keep on finding another great gift for your kids or for your spouse, but you need to know when to stop.
Since the past is now behind us, if you are in a position right now where you have overspent, do not panic. Instead, create a practical plan and put it into action ASAP in order to pay off that holiday debt.