Holiday spending can take a toll on your finances. In fact, some people go into debt over it. In one poll, 37% of consumers say they rely on credit cards to fund their spending. A little preparation can help you avoid going broke over the holidays, so how do you get ready for holiday spending?
Photo by kboyd.
Ideally, it’s as simple as creating a budget and taking steps to stick to it. In practice, of course, it’s not always that easy. Between travel, last minute presents, hostess gifts, and so on, many of us end up spending a lot more than we anticipated.
Maybe you start buying stuff early; maybe you plan to shop on the right days. Either way, if you’re a pro at sticking to a budget and not overspending on the holidays, we want to know your best tips. So tell us: how do you prepare your budget for holiday spending?