CBS4'S KAYLEE OLIVAS SHARES SOME TIPS FROM A FINANCIAL ADVISOR ABOUT MANAGING CREDIT CARD DEBT. FOR SOME SHOPPING DURING THE HOLIDAYS ON A CREDIT CARD IS ALL ABOUT CASH BACK REWARDS AND MILES& BUT FOR OTHERS IT WAS A WAY TO STILL BUY GIFTS WITHOUT SPENDING THEIR OWN MONEY RIGHT AWAY. .I CAN SEE AND UNDERSTAND WHY MAYBE SOME ARE RELYING ON CREDIT CARDS A LITTLE BIT MORE NOW THAN USUAL./ AND, ITS NEVER A GOOD IDEA TO MAX OUT YOUR CREDIT CARD OR COME CLOSE TO YOUR LIMIT.

.OVERSPENDING CAN BE A BIG PROBLEM. FIRST OF ALL ITLL HURT YOUR CREDIT SCORE. THESE CREDIT RATING AGENCIES WANNA SEE YOU USING A REASONABLE AMOUNT OF YOUR CREDIT LIMIT. HOWEVER, ONCE YOU START OVERSPENDING THATS A RED FLAG TO THEM./ IT COULD ALSO RESULT IN A CASH FLOW PROBLEM EVERY MONTH WHICH COULD BURY YOU DEEPER IN DEBT. ANOTHER FINANCIAL ADVISOR HERE IN THE VALLEY SAYS AS LONG AS YOU HAVE A PLAN, YOU SHOULD BE ABLE TO MANAGE. .WE CAN CONTROL A BUDGET AND IF YOU CREATE A BUDGET, IT CREATES AWARENESS IN WHERE YOURE SPENDING OR WHERE YOUR HARD-EARNED DOLLARS ARE GOING./ BUDGETING ALSO INCLUDES YOUR CREDIT DEBT ROLANDO J.

PEREZ JR. SUGGESTS TACKLING CARDS WITH HIGHER INTEREST RATES FIRST. YOULL ALSO HAVE TO MAKE SOME SMALL CHANGES, WHICH WILL PAY OFF IN THE LONG RUN. .LETS SAY YOU SPEND $8 A DAY FOR LUNCH MONDAY THROUGH FRIDAY. THATS ABOUT $40 A WEEK WHICH TURNS INTO A LITTLE OVER $2,000 A YEAR. CAN YOU IMAGINE IF YOU HAD AN EXTRA $2,000 IN YOUR POCKET? IT CAN BE A HUGE DIFFERENCE SO LITTLE SACRAFICES HERE AND THERE MAKE A HUGE DIFFERENCE AT THE END./ AND, THERE ARE OTHER WAYS YOU CAN PLAN AHEAD SO YOU DONT GO INTO DEBT AGAIN NEXT CHRISTMAS.

.INSTEAD OF WAITING FOR THE END OF THE YEAR TO START BUYING EVERYTHING, BUY A LITTLE BIT THROUGHOUT THE YEAR. KEEP AN EYE OUT ON SALES AND ONCE YOU PURCHASE THAT JUST STICK IT IN THE BACK OF THE CLOSET UNTIL YOU NEED IT./ WORKING FOR YOU IM KAYLEE OLIVAS. WITH MANY MAKING NEW YEAR'S RESOLUTIONS TO EAT HEALTHY.. A LOCAL MEAL PREP BUSINESS IS.