10 Tips For Facing Holiday Bills | Refresh Financial

Official blog of Refresh Financial

10 Tips For Facing Holiday Bills

Tips For Facing Holiday Bills


The Christmas season can bring an incredible amount of financial stress. We don't want financial limitations to put a damper on your celebrations, but on the other hand, we don't want to face astronomical credit card bills in the New Year. If you've already thrown caution to the wind and spent to your heart's content, it's okay. What's done is done. But now we have to face those bills. Here are ten tips for facing holiday bills.

1. Don't Procrastinate

- No matter how bad you think it might be, do not put it off. Log in to your online accounts and assess the damage. You need to know where you stand and how far you need to climb to get back where you were pre-holidays. It’s like taking off a Band-Aid. The faster you do it, the less pain there is.

2. Be Prepared To Cut Back

- Prepare yourself mentally to live on less than have been. Start to think about what expenses you can cut back on so you can maximize your payments.

3. Prepare A Budget

- With your list of expenses you can cut down on, create a budget that allows for larger payments towards your credit card debt. Make sure your budget is realistic and manageable.

4. Discuss Openly With Your Spouse

- If you share your finances with someone, make sure you both talk about it openly. Don't lay blame. Financial stress is one of the leading cause of relationship failures. Find ways together to move financially forward.

5. Get On The Same Page With Your Spouse

- It's incredibly important that you and your spouse are on the same page when it comes to finances. Make sure you are both pulling in the same direction because nothing is more frustrating than when one partner is spending recklessly when you're trying to save.

6. Create A Plan Of Attack

- Decide whether you will use the snowball method or the avalanche method and organize your debts accordingly. Decide how much you can afford to throw at your debt and make sure your repayment path is as clear as possible.

7. Set Goals

- Goals need to be challenging, yet attainable. They should also be clear and measurable. It's the many small successes that lead to a major victory.

8. Use Your Smart Tech To Help

- Your smartphone or tablet has the technology to help you maximize your chances of financial success. Check out some financial apps to help you along with your financial plans.

9. Check Your Gifts For Possible Rebates Or Returns

- You don't have to keep everything you were given for Christmas. You might have a fair amount of money waiting on rebates. Any money you earn this way can be applied directly to your holiday debt. If you have gift cards that you know you won't use, or you would prefer to have the money to help pay down some of the holiday bills, consider selling them.

10. Get A Credit Builder Loan

- If your holiday bill repayments are having a negative impact on your credit score, consider a credit builder loan. It is one of the most effective methods at helping people build their credit score. It doesn't require any money up-front and leaves you with a chunk of money at the end.

These tips will set you well on your way to reducing the damage the holidays did. Just make sure you stay on that path and keep the end goal in sight.


Refresh financial offers custom credit building solutions to help you build your credit score FAST.

Leave a Reply

Your email address will not be published. Required fields are marked *


91 − 88 =

    What Canadians are saying about Refresh

    I would like to thank Refresh Financial for helping me get out of a bad spot. I never thought it was possible and almost gave up on things and then I saw Refresh Financial and and gave it a try. At first I was unsure of things but to see my credit score now makes me a believer in this program.

    – Aaron A

    “It hasn’t even been a year yet, possibly only 6-7 months, and my TransUnion score has gone up over 100 points. That was only the tip of the iceberg as recently I was able to get a consolidation loan from my bank that allowed me to move forward and make things easier for me. Talk about second chances!”

    – Angelica M

    “I am now in a position where I am able to obtain credit (just bought a brand-new car and refinanced my mortgage for a fantastic rate) and it took little to no time at all. I would 100% recommend Refresh to anyone looking to rebuild credit with as little hassle as possible.”

    – Cathy M

    “I had not heard of a company doing such a thing before someone suggested it to me and it made sense. I am not very good at saving money and Refresh Financial helped me. I have dealt with them for years now and never had a problem. The customer service is excellent and fast.”

    – Chris C

    Refresh helped me regain credit following a nasty divorce, which left me with a very poor rating. They were able to remarkably help me go from a 480 to a 600 score, in just over a year. Thank you Refresh!”

    – Deb K

    I have watched my credit score jump since being with Refresh and I have already recommended it to friends and family. Thank you for helping me build my credit faster for my future and my children’s future :)”

    – Heather T

    At first I was skeptical because I wasn’t getting funds upfront and had to make payments when I really needed the money. I’ve been in the program a year now and have noticed my credit has improved drastically!”

    – Irene L

    I have been a client of Refresh Financial for approximately 3 years. Since being a client they have improved my credit immensely. Definitely recommend this company to anybody that needs help re-establishing credit.”

    – Jason I

    “I recommend this program to anyone having credit issues. At the end of the agreement, your money is refunded to you. There were times I found myself short on cash and Refresh, with permission, used a portion of my money to clear up my arrears.”

    – Margaret L

    “I would like to thank Refresh Financial for their professionalism, great customer service and for helping get back to a better financial situation. I have always been treated with the utmost respect.”

    – Martine B

    Refresh Financial is an amazing program to help people get back on their feet. I was rock bottom with nowhere to turn. My credit was beyond poor. I would recommend them to anyone. If I can do it surely anyone else can.”

    – Matthew S

    “Great company to deal with for rebuilding credit, very simple process to get started. Good service if you ever have questions.”

    – Mike L

    This business truly cares about its clients. The customer service is always quick to return calls or emails. Their online portal functions very well so as a customer you are always updated as you progress with your loan.

    – Phil J

    “Refresh Financial has made us more aware of how to take care of our financial situation and be more responsible, and making payments on time is rewarding in the end for credit. Thank You sincerely.”

    – Rocky M.

    “Refresh financial is great!!! They boosted my credit score, helped me save money and helped my husband and I buy our house;) I was not only a number to them, they stayed in touch and helped me out along the way. Answered all my questions and concerns.”

    – Sara B

    “Refresh Financial had been exceptionally good to me! I’ve just been out on medical leave and they have accommodated me with my payments without hesitation!! I was in a really bad spot with my credit and they have helped me to try and correct it!! Bravo!”

    – Shannon B

    This company has been nothing but fantastic. They have gone above and beyond to help me. This program has given me the relief and peace of mind I need. I would certainly go back to them and give them names of people who could use this.”

    – Shirley K

    The financial services products are excellent for new immigrants, low-income earners and small business owners. Loans, savings and credit building all in one solution is a perfect fit to help with financial goals and stability.”

    – Soraya H

    “After successfully going through a credit rebuilding loan, I was able to use my built-up equity to purchase a newer vehicle and I have since been approved through a financial institution for a loan.”

    – Tanya W

    “I made some poor credit choices when I turned 18 and have always had this lingering thought of how am I ever going to better my score. Since being with Refresh I have realized that I took the right step towards bettering my future.”

    – Taylor B

    “Thank you Refresh, and my relationship manager for giving me the tools for a better score with a secured card and two credit builder loans. I feel absolutely confident I’m on a better path to financial success. I am happy to be a long term client.”

    – Trevor P

    I’m so excited I’ve joined refresh! I’ve already seen a huge increase on my credit after the first month! The staff are a delight and make this so easy to understand. I strongly recommend Refresh Financial even if you have good credit this will give you a boost and you’re saving money with the reverse loan!”

    – Wayne B