East Orange: 973-677-9000
Paterson: 973-247-9445
Jersey City: 201-659-6226
Toll Free: 888-827-5493
FREE Initial
Consultation Se Habla Espanol
Go to Practice Area Categories

Thinking about holiday-related debt

Now that Thanksgiving turkey has been eaten and Black Friday sales have been shopped, the holiday season is officially in full swing. For many Americans, there are so many reasons to be joyous and celebratory this year. However, many Americans are similarly facing significant pressures to spend beyond their means over the coming weeks. Given the consequences of overwhelming credit card debt, these pressures can turn the season from holly jolly to stressful and frustrating.

For anyone without the ability to purchase gifts on their liquid income upfront, holiday expenses tend to get placed on credit cards. With every purchase, consumers are essentially asked to evaluate whether the gift, food item or other holiday expense they are incurring is worth the debt that they are stacking up. Because come January, these purchases will all appear on a credit card statement. Those who cannot pay these purchases off right away will incur interest and even fees associated with this holiday-related debt.

The consumer pressures associated with this season are real. It would be easy to give our readers the advice that they should simply spend within their means. However, it is not always possible for families on a tight budget to spend within their means even when holiday-related consumer pressures are not overwhelming. And it can be nearly impossible for parents to think of completely forgoing gifts for their children when most other children receive plenty at this time of year.

At the end of the day, only you can fully understand your unique financial situation and what purchases are worth the consequences of holiday-related debt. As long as you keep the fact that these purchases may haunt your billing cycle for months to come in mind, you will hopefully be inspired to purchase the minimum amount of holiday purchases for your unique situation and tackle your debt as quickly as possible if you choose to incur any.

Source: Yahoo Shine, "The new holiday tradition of deciding who's worth your debt," Flannery Dean, Nov. 19, 2013

No Comments

Leave a comment
Comment Information


Tell Us About Your Case

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.



  • NACBA | National Association of Consumer Bankruptcy Attorneys
  • NACA | National Association of Consumer Advocates
Review Us
Goldman & Beslow, LLC

Goldman & Beslow, LLC is a Federal Debt Relief Agency by an Act of Congress. We have proudly assisted consumers seeking relief under the U.S. Bankruptcy Code for over 38 years.

FindLaw Network

qr code

7 Glenwood Avenue,
Suite 311B
East Orange, NJ 07017
East Orange Law Office

Phone: 973-414-8069
Phone: 973-419-7631
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
Fax: 973-675-5886
E-mail the firm

NEWARK OFFICE 168 Bloomfield Avenue
Newark, NJ 07104
Newark Law Office

Phone: 973-483-1333
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

PATERSON OFFICE 100 Hamilton Plaza,
Suite 405
Paterson, NJ 07510
Paterson Law Office

Phone: 973-247-9445
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

JERSEY CITY OFFICE 26 Journal Square,
Suite 603
Jersey City, NJ 07306
Jersey City Law Office

Phone: 201-659-6226
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

Back to Top