Money Blues after the Holiday


The mall looked a little different today compared to just a week ago when people were hustling to get their last minuet gifts. Now that the holidays are over, many are left with a big credit card bill, like Jessica Sluget.

"we spent a little more on the credit card bills than we normal do, I have to work on getting them back down," said Sluget.

Sluget’s family isn’t the only one, in a survey by the National Retail Federation, 25 percent of people say they spent more this year compared to last year.

"We could have saved a little more, but it’s Christmas that’s what its all about, buying gifts," Said Frank Pecenka.

But there is still hope for shoppers, Vice President of Phares Financial Services, Brian Phares, says starting a budget now could get you back on track.

"When you look at your over all expenses if they are approaching your income limit its time to make some choices about which things to not do," said Phares.

He also says now is the time to shop for the next holiday.

"If you do your shopping all year long, you either save money or you save some money and buy some of those things and just store them, that way you spread it out along five months instead of one," said Phares.


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