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How to Manage Credit Card Debt When Holiday Shopping.

Credit card balances are starting to get back up to levels like they were pre-pandemic. Card delinquency has been relatively low, but is now starting to increase as well. This leads to credit card debt when holiday shopping. Young adults need to remember that they don’t have to buy expensive and fancy gifts. It’s about being reunited with our families. One way to manage credit card debt is to set a budget in advance. Another way is to buy one present that benefits a whole family, rather than buying something for each individual. Something to keep in mind is to pay more than the required minimum payment for your credit card bill. It will save you from paying extra on interest.

This is news because the holidays are right around the corner. Many people are going shopping for their loved ones and might experience credit card debt. Reading this article might help them be proactive. News values used in this article are human-interest, timeliness, and possibly impact and conflict. Impact and conflict might be new values because if people don’t take action early, they are going to be paying off their debt for a while and not have enough money to make other payments.

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