New Year’s resolutions might be cliché, but the end of the year still serves as a reminder to step back and reflect on time spent. And your spending habits are a good place to start.

It’s time Americans reflect on their relationship with money and excessive consumerism – and there’s no better time than the holidays. Instead of racking up debt to stack presents under the Christmas tree, bring the family closer with these 7 alternative Christmas traditions.

Americans rely on credit cards a lot. Total US credit card debt amounts to $784 billion, while the average household carries $17,000 in combined balances. Given the median annual income for US households is about $59,000, the average individual credit card debt amounts to nearly one-third of annual earnings.

Debt is probably the last thing you want to think about when going through a divorce; however, you need to deal with shared debts head on if you want to protect yourself from financial woes down the line. To ease your burden, here are 6 tips for dealing with debt in divorce.