Six Summer Debt Traps and How to Avoid Them

Summer Debt

NEW YORK (MainStreet)—During the summer, our minds down-shift into getaway gear and with the shorts and flip-flops attitude can come the potential for impulsive purchases and thoughtless spending that can bust your budget. Your seize-the-moment, short-term gain can lead to subsequent long-term money pain. Here are six potential summer debt traps and how to avoid them: