Susan and Bill came in to visit after the holidays. In their excitement to bestow gifts on their family and friends (mostly spoiling their grandchildren) they ran up over $20k on their credit cards. The fixed income they lived on during retirement was not enough to cover the high payments and they needed to liquidate some investments in order to clear the debt.
Unfortunately, holiday spending frequently puts a bigger dent in budgets than most people plan for. In this episode Mary Sterk shares some holiday spending mistakes that you will want to avoid - at all costs!