5 Holiday Shopping Mistakes to Avoid This Season
Now that we're deep into November, consumers everywhere are bound to start hitting the stores to get a jump start on their holiday shopping. And while it's great to embrace the holiday spirit, the problem with this time of the year is that it causes countless adults to wind up deep in debt. If you'd rather avoid that particular trap, here are a few major mistakes to sidestep.
Just as you need a budget to keep tabs on your spending in life, so, too, do you need one to keep your holiday spending in check. Yet more than one-third of Americans don't bother creating a holiday budget. And that's silly, because doing so is easy. Just figure out how much money you'll have available for holiday purchases, come up with a list of expenses, and make sure the numbers align. If they don't, then you'll need to rethink what you're buying. Reducing what you spend in a single category, whether it's gifts, holiday attire, or decorations, could help you avoid racking up unwanted debt.
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Source: Fool.com
