3 Lies About Holiday Debt (and How to Avoid Them)

The holidays bring familia, tamales, and endless celebrations, but they can also sneak in something you don’t want: debt that sticks around like leftover pozole. Let’s bust three common myths about holiday spending so you can enjoy the season without breaking the bank.
Lie #1: “You HAVE to go into debt for gifts.”
Truth: You don’t need to spend big to show love. Abuelita’s handmade scarf or DIY cookies often mean more than a pricey gadget. Instead of splurging now and stressing later, start a holiday savings goal early. Whether it’s for gifts, Nochebuena dinner, or los Reyes Magos, saving little by little can make a big difference.
Lie #2: “I’ll just pay it off next year.”
Be careful—interest adds up faster than tío with chisme at a family party. A $100 gift could easily turn into $130 or more if left on a credit card. Instead, keep your spending in check. Tools like the Suma App’s My Budget feature help you track expenses—whether it’s for family get-togethers, wrapping supplies, or those extra rounds of champurrado.
Lie #3: “Spending more = caring more.”
We’ve all been there—trying to impress with big-ticket gifts. But the best memories come from thoughtful gestures, not maxed-out credit cards. Prioritize experiences, like a movie night with homemade popcorn, over flashy purchases. Your wallet (and stress levels) will thank you.
The good news? Avoiding holiday debt is easier than you think. Sumaversity, inside the Suma App, offers short courses on saving, budgeting, and managing money your way.
This season, let’s spend smarter, honor our traditions, and keep our finances merry and bright. ¡Sin deudas, sin estrés! 🎄✨
Make this your season of savings. Download the Suma App and start learning with Sumaversity today!
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