Financial Recovery from Holiday Shopping - with Alan Akina

28 Nov 2012 · 1 min

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This content was created by Alan Akina. This content was uploaded by Alan Akina. This is a YouTube video titled "Financial Recovery from Holiday Shopping - with Alan Akina" (Wake Up Today segment) published on 2012-11-28. It is a short solo spoken segment by Alan Akina offering five practical tips to recover after overspending during Black Friday/Cyber Monday: assess how much you spent, return unneeded purchases, plan to pay the credit card bill in full, review and update your budget, and check statements for overcharges or fraud.

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Good morning, gang! Did you spend too much money on Black Friday and Cyber Monday? Did you go overboard on your budget? Well, if so, today I want to help you to recover and get back on track. Here are 5 things you can do to get you back on the financial track. Assess the damage. Find out how much you really spent by checking your credit card statements online and by reviewing your receipts. If you wait till the bill comes, it might be too late. Return what you don't need, especially all those impulse purchases. It's been a couple days now and you should know if you really need it or not. Plan to pay your credit card bill in full. The interest costs alone can more than double the price of what you bought. Review and update your budget. Look for ways to make improvements and where you can cut back. And number 5, check your credit card statements for any overcharges, fraud, or mistakes. If you find them, get them corrected right away. For Wake Up Today, I'm Alan Akina. See you next Monday.