Christmas is 100 days away so it’s time to plan your financial strategy for the holidays. A National Retail Federation report shows that shoppers budgeted an average of around $890 for gifts and other holiday expenses last year…but the economy could shift that stat for this year. Here is how to prep your wallet for the season:
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Set your holiday budget and put money aside
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Make a list and track prices
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Be prepared for how you pay for purchases. Treat cash-back rewards as discounts and do not use buy-now-pay later options unless you can pay them off quickly
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Leave room in the budget for unexpected expenses
Source: WXII-TV
