The holiday shopping frenzy is finally over. What started as an exciting opportunity has turned into a complete credit card fiasco. You have experienced it before and you know what an after-the-holidays financial crisis feels like, and this holiday season is no exception. What are you going to do about financial recovery after the holidays?
Now that the deed has been done, you need to come up with a January recovery strategy. The first months of the New Year can be a struggle, especially if you fail coming up with an emergency plan for financial recovery. Getting your finances in order will be a challenge but you can still undertake a couple of life-saving measures in order to make it through the first months of the year and to deal with all of your holiday debt.My
My Tips for Financial Recovery After the Holidays
Get a Part-Time Job
Higher holiday debt can be dealt with in a very simple way – you have to start making more money.
Getting a part-time job for the first months of the year is probably the easiest way to address your financial troubles and even save some money. It doesn’t have to be an exceptional position, as long as it allows you to earn some cash.
The good news is that many part-time job opportunities are available online. You can easily become a freelance writer and do the job from the comfort of your home. Some internet money-making opportunities are actually fraud schemes and you should be extra-careful about them. Forensic accountants can help you figure out which online revenue generation opportunities are legitimate, click here to visit their website to know more about fraud schemes from experts.
Use Your Gift Cards
The time is finally right to use all those gift cards you received. Although the strategy will do little for you to get out of holiday debt, it will prevent you from accumulating even more. Gift cards are a great option and they can prevent you from spending money unwisely. Get into those drawers and dig out the gift cards you had forgotten about. They will come in handy!
Food: Make It Less Expensive
How many restaurants did you visit during the holidays? Just sum up the bills and you will find out how much you spent on restaurant and takeaway food during December.
January is the time for a diet after the holidays. Making your own food at home is going to affect your wallet. Refrain from going to the restaurant and ordering food for a couple of months. The financial benefits will be noticeable.
Return Those Weird Gifts
Do you need an excuse to get rid of all those weird gifts you are never going to use? Your current financial situation is the perfect reason.
Returning the gifts will provide you with some cash and you may also get to exchange these items for something a bit more useful.
You may feel worried that you may hurt somebody’s feelings by returning the gifts but you should forget about such moral considerations. Many of the presents you are unhappy about are given by people you meet only occasionally. Your closest friends and relatives are the ones who know what you want and need, thus providing you with meaningful items.
Acquaintances will never be mad about your decision to cash in some of the gifts. Put those ugly lamps and foot massagers in their boxes and head to the store!
Throw Away the Credit Card
Your credit card is the greatest temptation in your wallet. Throw it away on January 1 (or now). Well, not literally, but you get the idea. This is the most important thing for financial recovery after the holidays.
The credit card is one of the biggest reasons for debt accumulation. Stop relying on it until you repay all of the holiday debt. Once you return to your normal financial status, you will be ready to benefit from its practicality again.
Recovering financially after the holidays may be a lengthy process. Still, some methods of making money and repaying your debt require minimal lifestyle changes. For a start, get rid of those horrible gifts. Once you deal with some of the debt, you will start feeling better and you may come up with even more creative financial survival techniques.
Guest Post written by Joe Brown.