Excess Spending at Halloween is a Scary Proposition for Those in Debt

News provided by

InCharge Debt Solutions

Oct 26, 2011, 08:58 ET

Ideas that can avoid the frightening prospects of even more credit card debt on October 31st

ORLANDO, Fla., Oct. 26, 2011  /PRNewswire-USNewswire/ -- The ghastly cost of Halloween costumes, decorations and "treats" can be a spooky reality for consumers suffering with high credit card debt.  The National Retail Federation (NRF) says it expects total spending on Halloween in the U.S. to reach $6.9 billion in 2011, up 18% from last year.  With consumers already struggling with high credit card debt in the United States, this trend could be a scary signal for Americans tempted to add to those totals this Halloween season.

(Logo: http://photos.prnewswire.com/prnh/20110307/DC60592LOGO)

"70 percent of those asked in the NRF survey said they plan to celebrate Halloween in some way, and the average person will spend $72.31 on decorations, costumes, and candy," said Etta Money, president of InCharge Debt Solutions (InCharge), a nonprofit credit counseling organization.  "If that Halloween spending is planned as a credit card expense, people need to seriously consider the many less costly ways to enjoy the event."

The Internet is full of ideas on how to make cost-free costumes, from making a duct-tape dress to using a pillow and necktie to dress as a grim reaper.  Don't be frightened to be responsible with your money this Halloween.  Use this time to access a wealth of online financial literacy information at http://www.InCharge.org or by taking advantage of a free credit counseling session by calling 1-877-486-4924.

For more information, contact InCharge Debt Solutions:

About InCharge® Debt Solutions
InCharge® Debt Solutions is a 501(c)(3) non-profit organization specializing in personal finance education, housing counseling, bankruptcy services, and credit counseling. Founded in 1997, InCharge interacted with over 1.2 million consumers in 2010 alone.  InCharge is affiliated with InCharge® Education Foundation, Inc. (ICEF) which is dedicated to providing educational products, services and research supporting the personal financial literacy of consumers across America.  ICEF also provides financial literacy training to servicemembers and their families through MilitaryMoney.com.  InCharge is a member of the National Foundation for Credit Counseling (NFCC), the Association of Independent Consumer Credit Counseling Agencies (AICCCA), and is accredited by the Council on Accreditation (COA). 

Contact: Media Relations
InCharge® Debt Solutions
(407) 532-5599
[email protected]

SOURCE InCharge Debt Solutions

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED