San Francisco, CA (PRWEB) November 22, 2012
RoadFish.com men’s lifestyle and finance magazine today released their support of a recent SF Gate article by Springboard Nonprofit Consumer Credit Management, Inc. advising holiday shoppers to take the proper steps so as not to spend beyond their means on Black Friday. RoadFish.com backs Springboard’s stance and hopes to assist consumers this season by pointing them towards a realistic and helpful approach to avoid accruing debt during holiday shopping sessions.
The SF Gate ran an article on Tuesday by Springboard, an IRS 501© (3) nonprofit and personal financial education/counseling organization, broaching the topic of the unofficial start to the holiday shopping season that has become known as Black Friday. Springboard’s article included a plan that shoppers can follow to stay mindful of their budgets despite impressive sales, and not overspend the day after Thanksgiving and for the rest of the season.
RoadFish.com applauds Springboard for reminding shoppers of how to keep themselves in check, and adds their own suggestions to help consumers keep tabs on their personal finances over the next month and a half. RoadFish.com’s Senior staff writer is quoted as saying, “There’s so much hype surrounding this one day, that consumers are half-way convinced that they’re losing money if they don’t go shopping and take advantage of the sales. But one of my favorite points of Springboard’s is that if you charge all your Black Friday purchases to a credit card and then can’t pay the balance off at the end of the month, you’ll get slapped with interest fees that may even be higher than the money you saved on the sale price. Don’t let the allure of the sale price drag you into a purchase. Would you have even considered buying it if it hadn’t been on sale? I would urge consumers to be honest with themselves this year, about their spending needs and their spending means.”
In the above-mentioned article, Springboard urges shoppers to get organized with a printed-out budget and shopping list and to avoid creating new debt by only spending what they can afford. Springboard’s education department manager, Sheri Stuart, is quoted as saying, "With all the attention surrounding the day after Thanksgiving, it’s easy to understand why so many consumers get caught up in the excitement. We strongly encourage consumers to review their budget before heading out on Black Friday. Avoiding impulse purchases during the holidays can help consumers start the New Year without unwanted debt.”
RoadFish.com agrees with Stuart, and goes a step further by encouraging consumers to give their credit some attention before and after the shopping season to stay on pace and repair any damage done. RoadFish.com’s Senior staff writer is quoted as saying, “It would be a double whammy to accrue a bunch of new debt and take a knock to your credit score, all in the same month. But unfortunately the two kind of go hand in hand. I’d urge consumers to be mindful of their credit this time of year as added motivation to avoid overspending and charging everything to a credit card. It’s not a bad idea to cash in on your free annual report, or to check out a credit score planner and see how your credit score may fluctuate based on changes in your credit information. It might be scary to see the impact that a spree of rampant credit card use could have on your credit score, but I bet it would certainly be a wake-up call.”
Springboard Nonprofit Consumer Credit Management, Inc. was founded in 1974 and remains an IRS nonprofit organization. The company provides personal financial education and private counseling in topics such as foreclosure prevention, debt education, and pre-bankruptcy situations.
RoadFish.com is an online men’s lifestyle and finance magazine targeted at men in the 30’s and 40’s age-range, who tend to lead positive lifestyles and enjoy the challenge of setting new goals and rising to achieve them. RoadFish.com offers advice to men such as which mens luxury watch brands are top-notch, where to travel on vacation, and which luxury items are hot at the moment. The magazine also maintains a financial side to it, featuring article on personal finance and tips on how to manage credit card debt.