Avoid Holiday Debt Next Year With a Sinking Fund

Christmas is a time for fun, family, and giving. Unfortunately for some, the spending associated with this joyous time of year was bought on credit.

According to Magnify Money, this past season Americans with holiday debt added $1,325 of debt on average. Unfortunately for some, the pay off may not be until the next Christmas or even longer.

If we’re still paying off debt from last year’s Christmas, how can we enjoy this year’s Christmas?!

There’s a solution to this holiday debt conundrum and it’s called the Sinking Fund.

The best time to start one is NOW …

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