We are in the middle of the Holiday Shopping Season. We know from the credit card industry reports that this is also the season where credit card debt will increase the most. Local financial professional James Gallagher, owner of Waterstone Financial, has some ideas to help you stay on track with money this year. The average extra spending during the holidays exceeds $1500 and for many families the number is much higher. Don’t just wing it. Make a plan, make a list. Surveys have shown that 26% of the budget on average goes to new clothes. The holiday season is a special time and being with loved ones is the most important thing. But make sure that money worries don’t ruin the season.
LEE COUNTY, Fla.-- The holiday shopping season is underway and we have some tips for you to stay on track with your spending.
Local financial professional, James Gallagher, says this is the season for blowing the budget.
The average extra spending during the holidays exceeds $1,500, and for many families the number is higher.
Gallagher says gift giving can be uncomfortable because people will spend money for gifts they can't afford.
You should make a plan and a list. You should also have a conversation with family and friends about gift spending limits.
Gallagher says people not only spend money on gifts, they also spend on wrapping, shipping, food and drinks.
His last tip is to make sure money worries don't ruin the holiday season.
For more financial advice, go to Waterstone Financial.