Money Smart: Tips for Avoiding a Financial Holiday Hangover

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This Christmas, Shannon and Greg Webb plan to create a new holiday experience for their family.

The Webbs admit money is tight, but they still want to make Christmas special for their six children.

Their solution is to try to do more with less.

Financial planning expert Jeff Motske tells KTLA the key to being money smart this holiday, is making a plan and avoiding the lure of credit cards.

Lu Parker has more tips on how to avoid a financial holiday hangover.

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  • stoicone

    If you can’t buy it cash, you can’t afford it!

    You should only finance big ticket items (I.e. cars, homes, school) but most don’t think that way. They only think about having as many materialistic things as possible so they can showboat them!

    We all seen what happens to them people. They lose their home, savings and ruin their credit yet still have a family to support!

    I taught my kids early early early that CASH IS KING!

    While allot of others were teaching their kids to “Charge It”.

    People who are that stupid with money deserve to loose everything they have, their ignorance put them in the predicament in the first place!

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