Dealing with post-holiday financial blues

By Marcie Geffner -

The gifts have been given, eggnog drunk, carols sung and tree taken out or disassembled. The guests, including the out-of-town relatives, have gone home.

Welcome to January.

It's a difficult month for many as the credit card hangover causes a raging financial headache. If that is where you find yourself, here is a five-part plan to dig yourself out and avoid it next year:

Pay it off. Make an honest and complete list of all your credit card balances and interest rates and start applying every penny you can to paying off the amounts you owe. If you need to make some sacrifices, go ahead and do that now. Otherwise, you could be suffering through the post-holiday blues for many months.

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