What to do if you've overspent with your credit card this Holiday

It happens every year to millions of people. Good intentions and then...Oops! They overspent on the Holidays - AGAIN!

This can be so disheartening and set you back months with your money. So what do you do about it? Here are some tips to avoid this in the future:

• Tip #1: Get rid of your credit cards If you cut them up, then the debt can't grow more or grow back!
• Tip #2: Decide to change. If you continue to do the same things and expect a different result = insanity.
• Tip #3: Combat the guilt and shame. Give yourself some grace. We have ALL made mistakes.
  • **Increase income and decrease your expenses** We tend to need a little of both. Think about asking for a raise, getting a second job, and cancelling multiple monthly subscriptions.
• Tip #4: Use your savings. Do NOT pay interest on your credit card at a rate of 20% when you have the cash in your account to pay it off. It doesn't make sense.
• Tip #5: Sell something. Did you get a gift from Christmas that you didn't really want or plan to use? Sell it. Take that money and pay off your smallest debt today!
• Tip #6: Side hustle. Remember, a second job or side hustle is temporary. Maybe it's only for 30 or 90 days. It is not forever.
• Tip #7: Take back gifts, especially if you purchased one for yourself that you put on a credit card!
• Tip #8: Set aside money systematically. Saving $100/month will give you $1,200 for Christmas when it comes next December

If you want to start living your Ideal Life and reach Financial Freedom, check out the Ideal Life & Money Academy!