Avoid the Holiday Spending Hangover

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-- -- -- just dying to break out and spend and spend they did.

Online shopping up 30% yesterday compared with the same day a year ago those figures just released by IBM benchmark which tracks online -- Lot of people using mobile devices to get a shopping done.

Maybe that's the wave of the future.

According to -- such -- ComScore shoppers were expected to spend about a billion and a half yesterday that would be up 20% bonds via a jump anyway you slice it.

Now lot of about spending.

I'm pretty sure law is going to be on credit costs in fact credit card debt in America rose nearly 5%.

Over the -- -- compared to the previous -- Our next guest doesn't like it it doesn't like credit -- -- the -- -- Ramsey is -- from the national always a pleasure to welcome back.

Well -- -- merry Christmas tree Americas have to use you know like this do you you don't like debt you know like credit god you do not approve of -- -- buying and going into more debt.

-- -- -- -- Well I do I love Christmas you -- I don't think people need to run around the -- acting like during congress -- -- real quick enough money you know.

That's seriously yet you don't want -- Black Friday to put you personally into the red you know.

You you've got to be in control -- you don't wanna wake up in May and still have a financial hangover from the you know for from the -- that you made back in Christmas so just -- -- grown up make a list check it twice has been money you -- out OK so are you saying.

Get the cash.

Literally hand -- notes and coins would you buy back gift for Christmas as opposed to handing over the plastic do you object to any.

Credit card debt.

Well do you know I object to any credit card debt which you can buy -- line with PayPal.

And you buy online with debit cards mobile as you said has gone crazy -- during cyber.

Weak and on mobile is really the trend for the last two christmases.

Sites that don't have good mobile are not getting their bank.

And yet there's -- huge push from PayPal on this we've had a huge bump on our site with PayPal -- debit cards so a lot of there's a lot of ways to -- transactions cash certainly is a great idea.

Because you feel the pain when you spend with cash.

Have you any idea what proportion of people get into real trouble now I know that you would define trouble -- any kind of credit card debt any kind of net interest payment in the future.

That -- any idea what proportion through just can't pay the totally over in over their heads.

-- they go belly up what proportion.

-- it would be very small of that will be used to import proportion of the population files bankruptcy and so usually Christmas doesn't bankrupt -- But what it does is it's a continuation of a series of bad habits in your life.

That are causing -- -- not -- with money and we want to win with money we want to retire with dignity which is -- your kids to college.

We -- you -- you know live like no one else so -- you can live like no one else you don't like stuff do you.

You eat you know life like stopped at a -- though the consumers -- are you consume you by you by your by you don't like that.

You know what I don't want is I don't want people worshipping at the altar of the big screen.

You know we don't want a -- you don't wanna be defined by your stuff I've got a lot of nice stuff but it's just stuff.

You know you don't wanna get to the position that I'll be happy win -- -- I get this thing.

If -- happiness is based on your acquisition you really have a pretty shallow life do you think that's the kind of America that we have become.

Well there's a little bit of that that's that's running through some people's brains for sure.

And you know the felt the philosophy of how people are living their lives in some cases is broken in some cases -- just become susceptible to the advertising.

I mean -- advertise to more.

Per minute than any.

Culture in the history of mankind and as a result we by more than any culture in the history of mankind so we've just got to be grown ups and realize that.

You know we need to acquire some things and enjoy some things but not to the point that it destroys our family and our future I I don't think that you -- primarily in a columnist.

-- a financial one.

I think you off first and foremost a moralist I'm all right.

It could I've been accused of a lot of things pickup truck not on.

Written -- Hannity is always at the hawks have everything use.

Well is that there's a right in there is wrong and that's one of the things we forgot -- -- -- for there's a right way to do things are wrong way to do things and and so yeah others morality issue there there's a spiritual element there's an emotional element of psychological element.

A relational element because this is personal finance and so all of those are involved in how we make decisions and we believe about our future and what we place our -- it.

-- got -- you know Dave Ramsey -- awful lot of sense expect that.

Well it's an honor to be with you -- -- thank you very much indeed that I hope to see you soon real soon -- come back soon.

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Avoid the Holiday Spending Hangover

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