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Do These Smart Money Things Now To Make Next Year's Holiday More Affordable

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Do These Smart Money Things Now To Make Next Year's Holiday More Affordable

2019-12-11 07:36:111 Oct 2018 01:53 AM EST

The holidays can be financially stressful. But Business Insider reports there's lots that can be done to recover and get ahead. If you don't already have a high-yield savings account, open one! A high-yield savings account offers about 20 times more interest than a typical savings account, earning up to 2%. Once you've set up your account, set up an automatic transfer from your checking account, so the process is painless. Then, make a plan to gradually increase your account savings deposit throughout the year. Finally, get real about your credit card debt and make an effort to pay it off ASAP. Use the 'snowball' method or the 'avalanche' method to pay it off, but just get it done! Happy holidays!

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