Tips to pay off your post-holiday credit card debt - Spokane, North Idaho News & Weather KHQ.com

Tips to pay off your post-holiday credit card debt

KENNEWICK, Wash.--  If you used credit cards for shopping during the holidays, those bills start starting to come in the mail.  Millions of Americans racked up debt around the holidays and you don't want it to still be there next November and December.

The Consumer Credit Counseling Service gave us some tips to cure the holiday debt hangover.  Sandi Paradiso, a Financial Counselor there, says the best place to start is at your mail box.  "The first thing you really need to do is open up your statements and read them, look at them. Don't just push them aside, actually open them up and look at them," she says.

Next, look at the minimum payment amount.  Paradiso says, "You really need to pay more than the minimum payment.  If you can't, then at least split the payment by 2 or 3 months so you're not continually paying interest on that."

If you can't afford the minimum payment, Paradiso says, "call the credit card company and say, 'You know what, I have overextended myself.  I can't even make the minimum payment. What can you do to help me?'"  She says most credit card companies will try to work with you.  They may work out a payment plan, extend the time you have to pay back the money, negotiate interest rates, or send you to a service like the CCCS.

Paradiso says the most obvious, but sometimes hardest thing to do, is stop spending. "Do not add more debt to your credit card.  Stop using them, let's get them paid off so you don't have to worry about this."

Create a budget- not just a monthly budget to get you back on track, but also a budget for the next holiday season.  Paradiso explains, "Start planning for Christmas now.  Christmas comes in December every single year and it seems like we fail to save for it."  One idea is to figure out how much you spend on Christmas, divide it by 12, and save that much money every month.  That way, you can pay for everything next year in cash. Click here for more Financial Tips

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane almost dead last on Washington's safest cities list

    Spokane almost dead last on Washington's safest cities list

    Tuesday, February 20 2018 1:27 PM EST2018-02-20 18:27:47 GMT

    KHQ.COM - The National Council for Home Safety and Security has released the safest cities in Washington for 2018... and Spokane did not impress. To determine the order of the ranking the Council used data on the number of reported violent crimes and property crimes for every thousand people and also reviewed the most recent FBI Uniform Crime report. Spokane ranked almost dead last coming in at number 79 (there were only 80 cities on the list).

    >>

    KHQ.COM - The National Council for Home Safety and Security has released the safest cities in Washington for 2018... and Spokane did not impress. To determine the order of the ranking the Council used data on the number of reported violent crimes and property crimes for every thousand people and also reviewed the most recent FBI Uniform Crime report. Spokane ranked almost dead last coming in at number 79 (there were only 80 cities on the list).

    >>
  • Managers of Spokane Valley motel, 6 others arrested on drug and property crime charges following two-month investigation

    Managers of Spokane Valley motel, 6 others arrested on drug and property crime charges following two-month investigation

    Tuesday, February 20 2018 6:06 PM EST2018-02-20 23:06:06 GMT

    SPOKANE VALLEY, Wash. - A two-month investigation into criminal activity at the Red Top Motel in Spokane Valley resulted in a massive raid and the arrest of 8 people early Tuesday morning. The Red Top Motel has had more than 100 calls for service since the beginning of the year, with many of those calls resulting in the arrest of known criminals who commonly traffic in drugs and stolen property.

    >>

    SPOKANE VALLEY, Wash. - A two-month investigation into criminal activity at the Red Top Motel in Spokane Valley resulted in a massive raid and the arrest of 8 people early Tuesday morning. The Red Top Motel has had more than 100 calls for service since the beginning of the year, with many of those calls resulting in the arrest of known criminals who commonly traffic in drugs and stolen property.

    >>
  • UPDATE: Kent Police arrest man suspected of trying to rape barista

    UPDATE: Kent Police arrest man suspected of trying to rape barista

    Wednesday, February 21 2018 1:23 PM EST2018-02-21 18:23:24 GMT

    KENT, Wash. - Kent police said they arrested a man Wednesday morning who was seen on surveillance video early Tuesday breaking into a bikini barista stand and abducting the barista at knifepoint before trying to rape her outside. The arrest was made after investigators received multiple tips identifying the suspect. 

    >>

    KENT, Wash. - Kent police said they arrested a man Wednesday morning who was seen on surveillance video early Tuesday breaking into a bikini barista stand and abducting the barista at knifepoint before trying to rape her outside. The arrest was made after investigators received multiple tips identifying the suspect. 

    >>
HD DOPPLER 6i
/