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5 ways to recover from a holiday spending hangover

If you bought one gift too many, you are not alone.

GOLDEN VALLEY, Minn. - Everyone has their own remedy for a hangover, which probably includes some coffee, aspirin and some sleep. But, how do you recover from a holiday spending hangover?

If you bought one gift too many, you are not alone. The average American took on more than $1,000 in credit card debt over the holidays and ten percent say they will only be able to make minimum payments on their bills.

Local financial professional Mitch Moss with Principal Preservation Services shared with KARE11 five items to put in a holiday hangover kit to reduce your debt. Find out more information at preserveyourdollars.com

5 Ways to Recover From Holiday Spending Hangover

  1. Make a Plan
  2. Frugal Entertainment
  3. Start a Snowball Effect
  4. Look for Lower Rates
  5. Plan for Next Year

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