Debt Consolidation USA Shares Tips To Manage A Big Expense Before The Holidays
New York, NY (PRWEB) December 20, 2015 -- Debt Consolidation USA shared in a recently published article some of the ways consumers can manage an unexpected big expense just before Christmas. The article titled “What To Do When Faced With A Big Expense Before The Holidays?” looks at some ways to address the expense and stay in the spirit of the holidays.
The article starts off by pointing out that Christmas is just a few days away and a lot of people are bracing themselves for planned holiday shopping. This includes gifts and presents for kids and family and friends. There are also get-togethers to celebrate the season, so it is really an expensive holiday.
But for some consumers, there can be unexpected expenses that precede the holiday cheer and pose a serious threat at ruining holiday plans. The article shared some ways to manage these, starting with checking the level of one's reserve funds. These are meant to cover any unexpected expenses consumers might have and the holiday season is no exception to this rule.
With consumers checking their reserves, the article points out that they need to know which funds to use for a specific emergency. There are two types of accounts in a reserve fund - emergency and rainy day funds. The bigger problems like losing a job or medical bills are meant to be covered by the emergency fund. The smaller ones are for the rainy day fund.
Consumers also need to look at their available credit cards and see which ones they can use. This should not be a first priority but can be a viable option. Consumers should not get into the habit of reaching for their credit cards at the first signs of financial trouble. This is because missing card payments can put them deeper in financial trouble.
To read the full article, click on this link: https://www.debtconsolidationusa.com/personal-finance/what-to-do-when-faced-with-a-big-expense-before-the-holidays.html
Adam Tijerina, Debt Consolidation USA, http://www.debtconsolidationusa.com, +1 1-877-610-6990, [email protected]
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