SOURCE: National Endowment for Financial Education
Need a Holiday Spending Reality Check?
From gifts and decorations, to parties and travel, pressure to spend this time of year can be extreme. It's anticipated the average shopper will spend more than $800 this holiday season—an increase from last year. According to the National Endowment for Financial Education 6 in 10 don't set a budget to manage holiday expenses, and it's during the last two weeks of December where overspending is a common pitfall.
So how can you take action now to avoid the holiday shopping hangover that comes later with those dreaded January credit card bills? Patricia Seaman, senior director with SmartAboutMoney.org, shares proven tips to get through the remainder of the holidays while staying financially on track for next year.