Give Joy, Not Debt: Keep Christmas Cheer from Turning into Financial Fear

(KNSI) — While it is better to give than receive, Family Finance Expert Elizabeth Kiss says don’t let Christmas spending dig you into a hole.

Kiss says holiday spending can be like an addiction, so it’s important to make a list and plan a budget, but most importantly, base those decisions on this question.

“What is the minimum that we need to have a joyous holiday? For most people, it’s way less than what they’re actually thinking they need to do.”

She says to always keep in mind that the holidays are not about wearing the most expensive clothes or buying the flashiest gifts but instead should be focused on creating lasting memories, enjoying time with your loved ones, and loving yourself by being gentle with your wallet.

The National Retail Federation expects a three to four percent bump in holiday spending this year. Over 200 million shoppers hit the stores over the Thanksgiving holiday weekend despite a new study showing Americans carry more than $1 trillion in credit card debt.

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