The holidays can be quite overwhelming. With all the shopping that you have to do, you might not be able to keep track of your spending. You might even go overboard with your budget. Often times, we will spend more than what we actually planned or want. This can run your credit if you don’t get to pay immediately and it may leave black marks on your credit report that will last for several years. What you have to do is check credit score regularly to prevent it from swaying, even during the holidays.

1. Stay on a budget and avoid overspending when you’re going out to shop. Make sure you have a plan and if possible, list the things that you have to buy and keep it that way. Don’t stray. Do not buy stuff that is not on the list so that you won’t go out of your plan. You can even do a little research of the stuff that you are looking for to know where to get the best prices or deals. If you stay within your budget, you’ll be able to pay for your credit every month, thus keeping your credit healthy and clean. 

2. If you are going to use your card for shopping, try to stay below your limit. The best should be 20 or 30% below. Again, with your budget list, ally them with your expenses to ensure that you are on the right track. Try to use one card for all the shopping too. Don’t spread over multiple cards.

3. Check your credit reports regularly to know what’s going on in your card. You still need to put in some effort if you want a healthy score. You have to watch out for credit errors or delinquencies in your account. Make sure that everything is right, it is also best if you keep receipts or any forms of proof just to be ready for any future dilemmas. 

4. Subscribe to an online credit monitoring service if you are often out of town during the holidays. All you need is an internet connection to be able to check your credit report. If you happen to have smart phone with you, it’ll make your life easier. You can just download an application to monitor your credit and you’re good to go. You’ll be able to keep an eye out for fishy transactions and prevent identity fraud early. You’ll be notified with any changes in your report, such as bills, exceeded payments, or even fishy transactions. 

You’ll be able to prevent hurting your credit if you follow these steps. This not only helps in monitoring your score, but you can also prevent thieves from stealing your credit report. Plan wisely and enjoy your holidays!

Are you in your 40s? Now is the time to follow up some tips for managing finances after retirement, having a regular check on your free credit report will help in keeping your financial life healthy.