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Avoid Holiday Debt Atlanta, GA

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Avoid Holiday Debt

Ira and Jamie Gingold Bankruptcy Attorneys in Atlanta GA

The holiday shopping season is underway, and come Black Friday, “can’t miss deals” will be everywhere. Whether you have a large family or a small one, a large bank account or a modest one, avoiding holiday debt is a challenge for most Americans. While the season of giving is often fun, it also reels many people in to large amounts of debt that they are forced to pay long after the gift exchange has occurred. There are many ways to avoid holiday debt to ensure that you end 2016 on a high financial note instead of owing the bank or your credit card company a large note – with interest. 

Create a holiday budget and stick to it. The first thing you need to do is determine how much you can realistically spend on each person on your list. It is financially healthy to set limits on your spending, even during the holiday season, in order to stay out of debt. By creating a realistic budget, you can gift well and avoid over-spending. 

Limit who goes on your list. This is not mean, and it is not a way to exclude people – it is simply a smart way to avoid debt. Go through your list of names of who to buy for and determine who can be marked off. Do you really need to give all of your neighbors a gift? Can you and your siblings decide to go in together for a gift for your parents and agree not to buy a gift for each other? How many of your friends really need a gift to know that you are friends? Yes, it is always nice to show others you care for them and appreciate them, but perhaps a lunch date would be more appropriate (and cheaper) than an extravagant gift. 

Save money throughout the year. If you have a holiday budget, then save for it throughout the year. Setting aside $100 a month will give you $1200 to spend without any worries of debt come holiday season. Many banks offer a Christmas Club account which allows you to automatically debit a certain amount each month from your paycheck into a specific account that allows you to save for holiday spending. This is a great way to save and have enough money to spend on gifts.

Use cash. Saving money throughout the year allows you to have direct access to the money you need for holiday shopping. Take the money you have saved – along with your holiday budget – and have fun. Having cash to spend at holiday season makes you more aware of your spending because you can literally see it dwindling down. 

Avoid holiday debt this year so that you can start 2017 off on the right standing.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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Our Client Reviews

Gingold & Gingold LLC
5.0 / 5.0

Based on 28 reviews

Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

Karen B.

Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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