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That total was surpassed a few days later on Cyber Monday when they spent $13.3 billion another record.
In some cases, shoppers drained nearly all of their holidaybudgeton Black Friday alone.
This is especially true of younger Americans.
A report fromEduBirdiefound that 53% of Gen Zers spend more than half their monthly income on Black Friday.
Set a Spending Limit
This is something you should have done before the holiday shopping season began.
But if you didnt and are running short on funds, now is the time to start.
Hidden costs like shipping, gift wrapping and last-minute splurges can quickly add up.
The worst times are late at night or during moments of boredom, Wall said.
Impulsive spending can strike hardest at these times, he said.
Wall recommended waiting at least 24 hours before making a purchase.
This will help you avoid falling for special offers that could break your budget.
You dont want to create financial problems later by amassing debt you cant easily manage.
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