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Inflation has slowly been ticking down.
And yet, higher prices continue to take a toll on wallets.
And for many middle-class Americans, navigating everyday finances has become challenging.
Its also yet another reason to shop and spend money, thanks to many stores holding Labor Day sales.
Prices are still high, so even though inflation is stable, its still difficult to make purchases.
If youre worried about inflation eating away at your holiday budget, youre not alone.
Instead, think through and list what youre shopping for, suggested Peterson.
Take some time to distinguish between wants and needs.
Another tip from her: think ahead, as the holidays are just a few months away.
This is an excellent time to think through your gift-giving and celebration plans, said Peterson.
No matter how great the sale is, its not worth going intocredit card debtover.
And with credit card interest rates now approaching 25%, that can happen quickly.
Look for Summer Items and Mattresses
Lieberman recommended sticking to summer items.
Because Labor Days signals the end of the season, it also means those seasonal items need to move.
The GOBankingRates survey showed that many consumers are planning to do exactly that.
16% of respondents intend to buy clothing during Labor Day such asshorts, swimwear and flip flops.
Lieberman also suggested checking out sales on mattresses.
And according to the survey, food is the number one item individuals plan to spend money on.
Stick to items you know for sure that youre going to get full use of.
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