During the holiday season, consumers often fall into dangerous "debt traps" that leave them struggling to pay their bills and make ends meet. This presentation, created on behalf of the Arizona bankruptcy lawyers of The Harmon Law Office, features some helpful tips for avoiding these financial pitfalls.

1. How to Avoid Common Holiday
“Debt Traps”
A non-attorney presentation brought to you on behalf of The Harmon Law Office

2. Forget the Plastic
• Leave the credit cards at home and use cash
whenever possible.
• It will take a shopper 20 years to pay off a mere
$1,200 of credit card debt (at the average 17%
interest rate) if they make only the minimum
payments!
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3. Make A List…Check It Twice
• Make a list of people you need to shop for.
• Plan what you are going to buy ahead of time.
• By doing your “homework” ahead of time, you
can better budget your shopping expenses.
Brought to you by the Arizona bankruptcy lawyers of The Harmon Law Office

4. ‘Tis Better to Give…
• Avoid shopping for yourself
• By ignoring the “one for you, one for me”
mentality, you can help reduce the amount
you spend, even though the sales may be
tempting!
• Did you know: 66% of shoppers buy for
themselves on Black Friday?
The Harmon Law Office

5. Avoid Department Store Credit Cards
• During the holiday months, shoppers are quick to take
advantage of in-store credit for additional discounts.
• Saving 10-15% on your purchase today could turn into
hundreds of dollars in interest months down the road.
• Most of these cards have sky-high interest rates and
short payment periods.
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6. For more information, visit the website of the Arizona bankruptcy lawyers of The Harmon Law Office, LLC.