Holiday shopping is in full swing. Sale signs and discounts are popping up everywhere! Other than bringing holiday cheer, this season often brings pressure to spend – usually too much. And hopefully this is something you can avoid.
“Black Friday” and other holiday sales – which are typically scams intended to get us to overspend – are everywhere. And we’re falling for them!
About 40% of Americans anticipate going into debt for holiday shopping.
The pandemic forced us to spend more time inside and less time with our loved ones. So it makes sense if we want to give gifts to make up for the disconnection we’ve experienced over the last year – but we could be giving presents we just can’t afford.
As the year draws to a close, we have to do some major financial reflecting. Is showering loved ones with gifts worth dealing with a stressful credit card bill next year? There are plenty of ways to show our love for family and friends without overspending
While we plan our holiday shopping, the health of our finances should remain the most important consideration. Shop responsibly!