How to Wipe Out Holiday Debt
Tips from personal finance bloggers about ways to pay off the bills you racked up at the end of the year.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Delivered daily
Kiplinger Today
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.
Sent five days a week
Kiplinger A Step Ahead
Get practical help to make better financial decisions in your everyday life, from spending to savings on top deals.
Delivered daily
Kiplinger Closing Bell
Get today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.
Sent twice a week
Kiplinger Adviser Intel
Financial pros across the country share best practices and fresh tactics to preserve and grow your wealth.
Delivered weekly
Kiplinger Tax Tips
Trim your federal and state tax bills with practical tax-planning and tax-cutting strategies.
Sent twice a week
Kiplinger Retirement Tips
Your twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement
Sent bimonthly.
Kiplinger Adviser Angle
Insights for advisers, wealth managers and other financial professionals.
Sent twice a week
Kiplinger Investing Weekly
Your twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.
Sent weekly for six weeks
Kiplinger Invest for Retirement
Your step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.
One of Americans' top financial resolutions this year is to pay off debt -- along with saving more and spending less, according to the "2015 New Year Financial Resolutions Study" by Fidelity Investments. In fact, paying off debt has been one of the top three financial resolutions for the past four years.
It's not surprising that debt is on people's minds at the start of each new year because bills from holiday spending are rolling in. Consumers were expected to spend more than $800 this past holiday season, according to the National Retail Federation. And a study by NerdWallet found that it will take Americans two to three months, on average, to pay off holiday debt.
If you're saddled with debt -- from the holidays or otherwise -- start by taking our Get Out of Debt quiz for strategies to pay it off. Then follow the tips below from some of our favorite personal finance bloggers.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
3 Ways to Recover From a Blown Budget After the Holidays [MoneyNing]
"Recovering from a high spending month like the holiday season can be tough, but with these steps you can overcome a blown budget in a short period of time."
3 Ways to Deal With Your Holiday Debt Before It Gets Out of Control [Credit.com]
"If the debt you’ve accumulated resides on a credit card with a high interest rate, you may want to explore 0% financing offers on balance transfer credit cards."
11 Signs You Have Too Much Credit Card Debt [Money Talks News]
"Does the thought of being in credit card debt frequently cross your mind, but you tend to push it out of your brain? This may be the first sign that you are in over your head."
7 Debt Repayment Tips From Someone Who’s Been There [ReadyForZero]
"The first step to take is to stop digging the hole. Don’t put together a debt repayment plan until after you have your spending under control."
