Dread No More: Easy Solutions to Ease the Effects of Overspending, Receiving Stuff, and Buyer’s Remorse

Overspending, receiving stuff, and buyer’s remorse can all add to the stress associated with (or caused by) tough financial situations. Rather than worrying endlessly about your spending habits, why not be proactive and take steps to reverse the effects of your overspending? This article will cover easy solutions that may alleviate unnecessary stress during this time of year, and long term, too.

Overspending on the Card
Are you feeling the effects of too much holiday spending on your credit card? You don’t have to feel overwhelmed. There are a few options for paying off your credit card, as outlined below.

Pay the Bill in Full
This is often the best solution, especially if you’re able to fit it into your budget. If you’re normally able to pay your credit card balance off each month, doing so for the holiday season can ease the burden of future debt interest buildup.

Pay More than the Minimum
If you don’t have enough money in your budget to pay off the full balance of your credit card, you can always pay more than the minimum payment. Increasing the amount you pay each month can decrease the interest you’re accruing and help pay off the debt sooner.

Reach Out to the Credit Card Issuer
If you feel like you won’t be able to make your payment on time, contact the issuer to explore payment relief options. Although there is no guarantee for specific accommodations, it doesn’t hurt to ask for help.

Receiving More Than You Expected (or Wanted)
Though gifts are always appreciated, sometimes you find yourself with items you didn’t want or need. Rather than panic, there are a few solutions that can help get rid of the clutter and cultivate an environment of appreciation.

Donating to Thrift Stores and Nonprofit Organizations
The best solution is often to find a charity that can benefit from the items you don’t need. Many thrift stores and nonprofit organizations accept donations year round.

Replace like-for-like
If you receive something that you may actually need, consider replacing like-for-like. If you receive a pair of jeans, for example, donate another pair in return.

Buyer’s Remorse
It’s easy to get caught up in the moment when shopping and end up with items you didn’t need in the first place. That doesn’t mean you’re out of luck, however. There are a few solutions that can help you become less wasteful and save money in the process.

Making Returns
Check a store’s return policy before you make a purchase. Many retailers allow for refunds or store credit on items that have not been used or worn.

Selling on Facebook Marketplace
If you don’t qualify for a return, or if the item can’t be returned because it was a gift, try selling it on the Facebook Marketplace. This is a great way to make a little extra cash and reduce clutter at the same time.

Swap Party
This is a great option for goods you can’t return and don’t want. Host a post-holiday swap party and invite your friends. Guests can bring in items they’d like to exchange so you can get rid of things you no longer need and meet some new people at the same time.

Though it’s easy to misspend during the holidays, the effects of overspending, receiving unwanted items, and succumbing to buyer’s remorse can all put a damper on your personal finances. Don’t fear, however–there are several creative, practical solutions that can help lighten the load and ease financial stress. This year, consider the tips mentioned in this article and begin the New Year with a fresh start.