Money Minute: Reducing credit card debt

Many people say they will go into debt when purchasing Christmas gifts -- and credit card debt can significantly affect your finances and your life. There’s no better time to start paying it off than right now.

Learn more in the video report above.

More reading

U.S. News: Nearly 42% Expect to Go Into Debt to Pay for the Holidays

From Beverly Harzog:

• The Debt Escape Plan
• Confessions of a credit junkie (video)

Consumer Financial Protection Bureau: How to reduce your debt

Equifax: Creating a debt reduction strategy

Investopedia:

• Best debt reduction software programs
• How financial advisors can help with debt

Let’sMakeAPlan.org: Debt management

More tips: Money Minute section