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Thats a new record and, for many consumers, an amount thats simply not feasible.

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Here are some of the big ones,according to shopping experts.

You might end up spending quite a bit more than you expect.

If you want to keep to your monthly budget, shopping early might actually be the better option.

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Common perks include rewards, cash back and fraud and purchase protection.

In the long run, it will wipe out any savings you initially had.

The holidays are meant to be enjoyed and doing this will change how you perceive the holiday season.

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Be sure to leave a little room for your own saving and spending, as well.

But thats not always the case.

Though saving early is ideal, its never too late to start saving, said Chatman.

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