LA CROSSE, Wisconsin (WXOW) - Post-holiday debt is as much of an American tradition as holiday shopping. We have some simple savings tips before Black Friday. Tip number one: stop paying for text messages and potentially overage fees and start using the wide variety of free texting apps.
Tip number two: check your wallet for unused gift cards --- send the cash or sell them. The average household has about $300 dollars worth of unused giftcards.
And finally: adjust your tax withholding, instead of waiting for the usual fat refund in the spring.
"That's your money. That's money that government, of course, is giving back to you in the spring. But why let the IRS hold on to it all year long? You could be saving or investing that money or earning some interest along the way or spending it on worthwhile adventures, such as holiday gifts," says Robert Long of Kiplinger's Personal Finance.
It's as simple as filing a new W-4 form with your employer. The changes can take effect with your next paycheck and could put almost $500 in your bank account over the next two months.
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