How do Your Holiday Spending Habits Measure Up?

There’s no doubt that the holiday season is upon us, and with this time, the gift of giving.

But are we giving within reason?

~ Nearly every year since 2008, the amount of money that American consumers spend on holiday gifts has been increasing over the previous year.

~ For 2019, industry experts expect the average American to spend $920 per person on holiday gifts, up from $885 in 2018 and reaching a total of more than $1 trillion in holiday spending.

It’s nice to give when we have it within our budget, but what happens if we don’t? Here are a few things that you may suffer with later, a result of overspending now:

~ You may be late on bill payments.
~ You can’t afford to save money.
~ You won’t have extra money for paying off debt.
~ You may overdraft frequently.
~ You could end up with higher credit card balances.

Interested and spending reasonably for the holidays? Dave Ramsey offers excellent insight into this.

If you would like assistance with reaching your financial family goals, please contact one of our therapist for assistance.


Leave a Reply

Your email address will not be published. Required fields are marked *