Tag: holiday spending
It is the most wonderful time of the year! This month gifts were given, memories were made, and oh my – so much money was spent. It is unfortunately much too easy to get wrapped up in holiday spending. On average, Americans racked up more than $1,000 each in holiday debt at the end of last year. On top of that, 28 percent of shoppers went into the season still paying off debt from 2017′s festivities.
It’s the most wonderful time of the year – it’s time for office parties, holiday potlucks, vacations, and a host of other festive activities.
But if you’re keeping a close eye on your budget, the holidays can pose a challenge to your finances. Here are 6 financial tips you can apply to your own life if you’re trying to curb your seasonal spending:
Black Friday is just another day of the year companies promote rampant consumerism – and encourage you to take on debt. Don’t buy into these for-profit schemes. Save your money and put it toward meaningful experiences or, if you’re like the average American, paying off your debt to secure your financial freedom.
Have you ever thought about starting your holiday shopping in September? New Era is going to highlight the benefits of spreading out your holiday spending so you can spread plenty of holiday cheer!