Happy Holidays! Consumers and Credit
We all know the post-holiday debt blues; after all those wonderful gifts, lavish parties, and decadent meals out, you're left with a pile of bills, an emptied bank account, and the sinking feeling that you've blown your budget (again). Well, if you don't want Santa's "ho ho" to become a hysterical "no no!" when your credit-card bills arrive in January, think twice about financing the holidays with your trusty Amex. This informative lecture covers the basics of credit-card debt, simple tips to keep you out of the red this season; like paying with cash, using low-interest cards, and making a list before you begin shopping and how excessive credit-card use can affect your long-term finances.
Taking place each month, In the K/Now is a series which explores contemporary issues affecting life in Chicago.
Recorded Thursday, December 06, 2007 at Chicago History Museum.