How to Recover From Your Holiday Spending - Money Tip Tuesday

<p style="text-align:left;">It’s normal to spend money during the holidays. You want to give presents to the people you love to show how much you appreciate them. But now that the holidays are over, and you’ve given out all your gifts, you now have to deal with the financial aftermath. Here are some tips on how to recover from your holiday spending spree. </p> <p style="text-align:left;">Links:</p> <ul style="text-align:left;"><li>Learn more about Triangle's <a href='https://www.trianglecu.org/home/personal/loans/personal-loan'>Personal Loan</a> and <a href='https://www.trianglecu.org/home/personal/loans/personal-loan'>Personal Line of Credit</a></li> <li>Follow our <a href='https://www.facebook.com/pg/MakingMoneyPersonalPodcast/posts/?ref=page_internal'>Facebook</a>, <a href='https://www.instagram.com/makingmoneypersonal/'>Instagram</a> and <a href='https://twitter.com/TCUpodcastMMP'>Twitter</a> pages!</li> <li>Learn more about <a href='https://www.trianglecu.org/home/home'>Triangle Credit Union</a></li> </ul> <p style="text-align:left;">Transcript:</p> <p style="text-align:left;">Welcome to Money Tip Tuesday from the Making Money Personal podcast. </p> <p style="text-align:left;">The first thing you’re going to want to do is assess your financial situation. See how much money you owe and then start paying off your debt as quickly as possible.   </p> <p style="text-align:left;">To do this, you might have to change your monthly budget in January around. Make a list of all your debts, payment due dates, minimum payment amounts, interest rates, and when you plan on paying them off. From there, you can restructure your January budget to fit your needs best.  </p> <p style="text-align:left;">You will probably want to start paying off the credit cards with the highest interest rates first. Don’t just pay off the minimum monthly payment, even if it’s just an extra $10, the more money you put towards every payment the less you’ll owe in the long run and the faster you’ll pay it off. And always make sure to pay on time.