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Holiday spending continues to get more expensive.
If last year is any indication, many shoppers will still end up going offbudgetand overspending by notable amounts.
More than 20% of people indicated they spent more than they wanted to by $500 or more.
One of the most common mistakes people make when holiday shopping is failing to establish a budget.
Shopping Without a List
Another sign of overspending is shopping without a list.
The holidays should not be about feeling pressure to buy for everyone.
Planning ahead and having a list can help to avoid breaking the bank.
A little research can go a long way in ensuring gifts are purchased for their lowest price.
It is essential to be intentional about what is being purchased and how much is being spent.
Online shopping is particularly dangerous for people who struggle with impulsivity.
To deter unnecessary spending, leave potential purchases in the cart for two days before buying.
This can help to ensure that the product is something that is needed versus something that is temporarily wanted.
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