November 20, 2006

The Costliest Time of the Year

Home / Money / The Costliest Time of the Year

For many families, the Holiday Season (from Thanksgiving to Christmas) is the costliest of the year. Traditions of holiday sales and long wish lists have become staples of our country. DestinationCRM.com estimates that online spending in the U.S. will be $27 billion.¹

Many families incur large amounts of debt to provide an ‘all-star’ holiday of expensive gifts. Long after the holiday season is over, many people will spend the year (or years) paying off credit cards and loans for less than one month of shopping. Where will these gifts be in one year: broken; stuffed in closets and drawers; forgotten; or thrown away?!

If you follow the spending ‘traditions’ of our country, please consider using this upcoming holiday season to enjoy your family and to give thanks to God. There are many ways you can show your appreciation and love besides purchasing expensive gifts that keep you bound to the chains of debt.

^{Photo courtesy of Stock.XCHNG.com/winblows}

^{1 – destinationCRM.com. “A 2006 Online Holiday Spending Projection.” destinationCRM.com. 2000-2006. 19 Nov 2006. http://www.destinationcrm.com/articles/default.asp?ArticleID=6459}

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