VIDEO: Tips to avoid overspending this holiday season

It’s easy to get swept up in the holiday spirit and find yourself in debt in the new year.

The holiday season comes every year and so too the warnings of overspending, but the consequences of a financial hangover this year are growing compared with just a few years ago.

READ MORE: ‘Bait and switch’ warning ahead of Black Friday, Cyber Monday

As the Bank of Canada continues to raise its key interest rate target, the cost to borrow using variable-rate loans like home-equity lines of credit has climbed higher and is expected to continue to rise next year.

TD Canada Trust’s Jennifer Auld shares things to consider when managing your holiday spending.

The Canadian Press

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Another snowstorm expected for Terrace and Kitimat area

Wind is expected up to 80 km per hour

COLUMN | New year, new you: Make those changes stick

Wellness Matters by columnist Joelle McKiernan

Pilot project thins out overgrown forest location

Immediate and long term logging and environmental benefits eyed

Terrace woman found not criminally responsible in mother’s murder

RCMP were called to a townhouse on Scott Ave. on Aug. 2, 2018, following two stabbings

VIDEO: Cold snap brings ideal conditions for Okanagan icewine

Take an inside look at how icewine is made

PHOTOS: Eastern Newfoundland reeling, search underway for missing man after blizzard

More than 70 centimetres of new snow fell overnight, creating whiteout conditions

Prince Harry, Meghan to give up ‘royal highness’ titles

‘Harry, Meghan and Archie will always be much loved members of my family,’ says Queen Elizabeth II

B.C. society calls out conservation officer after dropping off bear cub covered in ice

Ice can be seen in video matted into emaciated bear cub’s fur

Calls for dialogue as Coastal GasLink pipeline polarizes some in northern B.C.

Coastal GasLink is building the 670-kilometre pipeline from British Columbia’s northeast to Kitimat on the coast

Closed mills, housing surge support a positive forecast for lumber industries

B.C. lumber producers have closed mills accounting for 18% of province’s capacity, RBC report says

Good Samaritan pays part of rent for B.C. woman facing eviction in can-collecting dispute

Zora Hlevnjak, 76, supplements her pension by collecting cans and receiving public donations

Kelowna’s ‘Baby Mary’ finds biological parents after more than 30 years

Geneologist and DNA test helped her connect with her biological parents

Kelowna hotel to award couples for baby-making with Nooner deal

The deal includes a free stay every Valentine’s Day for the next 18 years

Most Read