Don't Become a "Debt-head" for the Holidays!
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"Don't Become a "Debt-head" for the Holidays!"

San Diego, CA -  There will be many temptations to spend using your credit cards this holiday season. Consumers however are warned not to become "debt-heads" by the Institute of Consumer Financial Education, (ICFE) a San Diego based nonprofit consumer group. A "debt-head" is a person who gets all charged up during the holidays and often ends up paying for this year's Christmas over the next two or three years.

Avoid using credit cards for holiday purchases because they have a message and that message is "spend" says the ICFE. Many consumers report that they spent more than fifty percent of what they had originally planned using credit cards for holiday gifts. The strong messages to spend often leads to indiscriminate credit-based spending decisions and committing future income not yet earned. This could make the holidays last for a year or longer, but without the celebrations.

To improve holiday spending techniques, try the following suggestions:
1. Plan ahead using a list noting gift suggestions and dollar limits.
2. Begin setting aside available dollars now for gift-giving.
3. Start looking early for bargains. Consider swap-meets, garage
sales, etc.
4. Spend cash only. Avoid credit cards and writing a lot of checks.
5. Give gifts that don't cost out-of-pocket money (baby-sitting, car
washes).
6. If you give money as a gift, a U. S. Savings bond costs half its
face value.
7. Save on greeting cards and postage by only sending to
out-of-towners.
8. Make gifts at home: baked goods, picture collages, or arts and
crafts.
9. Place credit and debit cards in protective sleeves with a warning
message.
10. Place warning labels on credit and debit cards as a
reminder to spend cash.

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About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org).  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org.  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

About the ICFE:

The Institute of Consumer Financial Education (ICFE), founded in 1982 by the late Loren Dunton (creator of the 'certified financial planner' (CFP) designation) and it is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. The ICFE trains and certifies Personal Finance Instructors for its own curriculum. It also trains and certifies Credit Report Reviewers and Identity Theft Prevention Specialists.

The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, now in its 16th printing and has distributed over one million 'Credit/Debit Card Warning Labels' and 'Credit/Debit Card Sleeves' world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.

The ICFE is also a partner in the national Jump$tart Coalition for Financial Literacy and the California Jump$tart chapter. The ICFE staff is also active with San Diego Saves, an offshoot of America Saves, and the California Student Debt Resource Awareness Project (CASDRAP) (studentdebthelp.org).

The ICFE's on-line help for consumers who spend too much was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from 'The Money Instruction Book,' a course in personal finance, positioned to become among the premier programs in the new bankruptcy and debtor education initiatives.

The ICFE Web site at: www.financial-education-icfe.org helps consumers with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and videos and how to teach children about money. Other ICFE services include a free eNews, and an online resource center of financial education learning tools, including videos, books, software and personal finance courses.

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