Last holiday season, Americans shelled out an average of $700 per household for gifts. And with plastic – credit, debit, or pre-paid cards – now used for more than 50 percent of store purchases, it's no surprise that revolving consumer debt is now more than $740 billion.

California-based Freedom Financial Network , LLC, a national consumer debt resolution service, helps people get out of debt, which means they know something about how people get into debt trouble. Here are Freedom Financial Network 's top five ways to avoid holiday debt problems this season:

1. Set limits – Ideally, you'll have saved for the holidays throughout the year – even $25 a month helps. If not, look at your monthly budget and figure out how much you can afford to set aside towards holiday gift giving without going into debt. Your intentions may be good, but the reality is that most people have a depressing amount of credit card debt after the holidays and are not able to pay it off in as timely a manner as planned.

2. Make a list – Make like Santa and list all your holiday expenses. Include small gifts to teachers, babysitters, newspaper carriers, etc., which can add up quickly. Don't forget extras you may have, such as cards, food and beverages for entertaining, and holiday clothing purchases.

3. Put a value on it – Set a spending limit for each person and each item on your list. Don't be pressured to overspend based on what you think others expect – That's often when credit card debt begins to mount. If your list looks skimpy, fill in with homemade gifts or offers to help the recipient, such as babysitting, yard work, home-cooked meals, or help putting away holiday decorations.

4. Start early – Really smart shoppers stock up gifts throughout the year. If you haven't done that, do yourself a favor and avoid the last-minute rush. In doing so, you'll have time to comparison shop. You'll spend more – and use the credit card

Click here to go to Freedom Debt Relief's website