BANGOR – With the shopping season upon us, people are getting ready for the big sales on Friday and Monday. But after said and done they can be left with major debt.
“Always go into the holiday with a plan,” said David Leach, from the Maine Bureau of Consumer Credit Protection.
It is the most wonderful time of the year, but for some people it’s the most stressful time. Looking at their receipts and empty wallets, this season tends to bring out the panic in the american people.
“Christmas comes in at a time where we are already incurring those extra costs,” said Julie Morrison, the sales and marketing manager for Rockstar Solutions, “I think it’s really important to take into consideration – snow tires or whatever needs to be done because come January, we may not think about it – but those expenses will be due as well.”
With larger families shopping becomes that much more expensive, sometimes all it takes is a little planning to make it less stressful.
“We make a lists in our family,” said Lauren Jacobs, a shopper, “We write down the names of everyone (that)we are getting gifts for and we put out ideas before going shopping, so we are not tempted to get too much or go too crazy in the stores.”
“Try to do your holiday shopping with cash or with a debit card,” said Leach.
But with a lot of family members, a credit card might be the cheapest route to go.
“A credit card is a very expensive way to do our shopping,” said Leach.
If you have to use one, maybe set a limit for yourself.
“Only charge enough so that when the bill comes in January, you can pay it off in full,” said Leach.
“I’m very careful (that) I don’t buy it unless I have coupons or if there are sales,” said Rebecca Perkins, a shopper.