If you're dealing with too much credit card debt because of holiday spending, personal finance experts recommend two methods of tackling the problemUnited States Congress) to make sure you can cover your expenses.
Using your emergency fund, if you have one, is not recommended to pay off holiday debt. Unless you have an explicit plan to rebuild those savings, and not touch them in the future, it's best to leave those funds for true financial emergencies.
To avoid being in this situation next year, try be more proactive about your budgeting each month.
“Be intentional about giving every dollar a name every single month before the month begins," Ramsey said. "And stick to your plan. With a budget, you’re able to tell your money where to go instead of wondering where it went.”
One long-term suggestion McBride and other financial experts recommend is try to plan ahead for next year’s holidays. Add up all the money you spent on gifts and vacations for the family this year, and then divide by 12. That gives you a monthly amount to set aside that will help you not end up in the same situation a year from now.