Most Americans incur significant debt between Black Friday and Christmas in order to give gifts, send cards, travel, and eat well for the Holiday. They usually rue this a bit in the new year, which is why anyone in the entertainment or hospitality industry knows that January is a slow month. As a result, most financial advisers (and certainly the ones referred to in a Christian Post article I read today) say to not use credit cards for Christmas-related expenses. Generally, I would agree that debt is bad, but if people are already living a debt lifestyle for their own selfish benefits (house, cars, cable, clothes, etc.), why is it so awful to at least do something sweet for other people by the same financial means?Links:
Don’t do Christmas on credit, debt charity warns (CP)
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