It’s that time of year when many people start their holiday shopping.
American consumers spend about $1,000 apiece on gifts and other seasonal fare, according to recent surveys.
But, it is possible to spread cheer while keeping some cash.
Scott Sherman, Financial Education Manager at Mountain America Credit Union, joined us with some tips for holiday shopping.
He says, “The first thing to do is write down all the people or events you’re going to spend on in the next six weeks or so. Think about your immediate family, extended family, friends, coworkers, charities, parties – anyone, anything or anywhere you might want to budget for. Then write down first what your max budget is for each one, and next what you think would be a good gift. Sometimes we don’t actually need to spend very much—or even spend anything at all—to give someone a gift they will really enjoy.”
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