How much do you plan to spend on holiday gifts this year?\u00a0 If you\u2019re anything like the average American then you\u2019ll likely fork out nearly $900 on gifts this season. Our credit counselors warn you could end up spending a lot more if you don\u2019t budget ahead or take advantage of deals.<\/p>\n
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Waiting until the last minute, for instance, is the classic money-draining mistake. In many cases, the gift you wanted to buy is sold out so you end up spending more on something else, usually more expensive. Shoppers simply walk into the store and pick whatever looks good without understanding how that purchase will impact their finances.<\/p>\n
Spending Tips;<\/strong>\u00a0Create a list of all the people you think you will need to buy presents for and then decide if you really do have to get them a gift or if a card suffices.<\/p>\n For those people you are buying for, write down how much you want to spend on each person. Creating a list not only forces you to develop a shopping plan, but it helps you see if you\u2019re on budget.<\/p>\n Secret Santa\u201d is another good family gifting strategy. Rather than buying gifts for everyone, each family member picks one person to a buy a present for. Everyone gets one great gift and no one\u2019s left with a massive credit card bill.<\/p>\n Search for a deal; <\/strong>Use your smart phone to compare prices. Double checks the competition\u2019s price while in the store. If you tell the store about the deal you\u2019ve found they\u2019ll usually price match it\u2014in some cases they may also take an additional 5% off.<\/p>\n Start saving early! While it may be too late to start saving up for this year\u2019s holiday shopping grind, there\u2019s nothing stopping you from putting money away in January for next year.<\/p>\n Don\u2019t forget to budget for all the other Holiday events, like the Christmas party at your house or the Christmas dinner. Food and alcohol costs can add up quickly and need to be part of the budget. If you don\u2019t save or budget, it\u2019s easy to spend two or three times more than you wanted to.<\/p>\n DMCC is a 501 (c)3 nonprofit organization committed to educating consumers on financial issues and providing personal assistance to consumers who have become overextended with debt.\u00a0 Education is provided free of charge to consumers, as well as personal counseling to identify the best options for the repayment of their debt. To speak to a certified credit counselor, call toll-free 866-618-3328 or email\u00a0<\/em>contact@dmcconline.org<\/em><\/a>.DMCC is located at 1330 SE 4th Ave, Suite F, Fort Lauderdale, FL 33316.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" How much do you plan to spend on holiday gifts this year?\u00a0 If you\u2019re anything like the average American then you\u2019ll likely fork out nearly $900 on gifts this season. Our credit counselors warn you could end up spending a lot more if you don\u2019t budget ahead or take advantage of deals.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[15],"tags":[],"class_list":["post-1151","post","type-post","status-publish","format-standard","hentry","category-budgeting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5shu1-iz","_links":{"self":[{"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/posts\/1151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/comments?post=1151"}],"version-history":[{"count":3,"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/posts\/1151\/revisions"}],"predecessor-version":[{"id":1998,"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/posts\/1151\/revisions\/1998"}],"wp:attachment":[{"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/media?parent=1151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/categories?post=1151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dmcccorp.org\/edu\/wp-json\/wp\/v2\/tags?post=1151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}