JUST SAY NO: If it’s not too late, we pass along some tips from
the Pennsylvania Institute of Certified Public Accountants about
how to stay out of debt this holiday season.[neWLine]

* Set a budget: Take a hard look at your income and expenses,
then decide how much you can afford to spend without going into
debt. Make a list of everyone for whom you plan to buy gifts, and
estimate how much you want to spend on each person.[neWLine]

Add up the figures on your gift list, compare the total to your
budgeted amount, and make the necessary adjustments. As you shop,
keep track of your purchases so you don’t exceed the limit for each
person on your list.[neWLine]

* Be creative: Are there people on your list who would like a
homemade gift? Use your talent to bake cakes or cookies, knit a
scarf, or frame a favorite family photograph.[neWLine]

* Space it out: You’re more likely to overspend when you’re in a
panic to find a suitable gift at the last minute. Seek out sales
and bargains as far in advance as possible.[neWLine]

* Increase your holiday income: During the holiday season, there
are many opportunities to make extra money. Many retailers hire
part-time workers for the holiday season, and offer generous
discounts to employees.[neWLine]

* Paying with cash or credit: As a general rule, you should
avoid using credit cards for holiday purchases. Unless you pay off
all your credit card bills at the end of the month, those purchases
can end up costing you more due to interest.[neWLine]

If – and only if – you are sure you can pay the balance off when
the bill arrives, consider using a credit card that provides
discounts, airline miles, or extended warranties. For example, many
retailers who have their own credit cards offer discounts of 20
percent or more when you use the store’s card to make purchases.
You might also consider using a credit card when buying big-ticket
items because, in some cases, if you are dissatisfied with a credit
card purchase, you have the right to file a dispute.