A recent survey from Consumer Reports noted that 75 percent of shoppers had paid off their 2013 holiday purchases by the end of February 2014. However, some were still paying for their celebrations in late November, i.e., almost a year after the fact.
True, that was just 7 percent of respondents. Still disturbing, though. Then again, I find it unfortunate that it takes some people two full months to pay the tab in full.
Afraid to open the January credit card bills? Personal finance author Donna Skeels Cygan calls this a “holiday hangover,” i.e., the lingering pain of overindulgence.
This kind of hangover isn’t one “you can simply sleep off,” says the author of author of “The Joy of Financial Security: The Art and Science of Becoming Happier, Managing Your Money Wisely, and Creating a Secure Financial Future.”
In this case, the hair of the dog is twofold:
- Owning any mistakes you made this year, and
- Learning from them.
Here’s how.








