The folks at Opploans asked me to contribute my expert advice on borrowing for the holidays. They put together this really in-depth and beautiful e-book about holiday borrowing with tons of tips and information to get educated about borrowing. My column is on page 2 of the ebook, or on the web here.
When I was thinking about what to write, I could come up with a dozen reasons why going into debt is the wrong choice around the holidays: short term gains in the form of pleasure or someone else's happiness, in exchange for long term financial difficulties if you aren't able to pay off the credit card balance, interest stacks upon interest and you feel farther and farther behind.
But who wants to be reprimanded when they are stressed out, under pressure, and fearing the emotional responses of others' who they may disappoint?
Instead, I wrote about a Christmas many years ago, when my family didn't have a lot of income. What do I remember about that particular Christmas? I remember my family, my traditions, and what brings us together. Recalling the memory brought up a lot of emotion and a lot of gratitude. And you know, I don't even know what I received that year! Or most years, for that matter. I do remember what has real meaning.