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This raises an important question: Is this level ofholiday spending too much for the average American household?
Stretching Budgets to Their Limits
Many shoppers are feeling the pinch when it comes to shopping.
Nevertheless, the Insurify survey reveals a concerning trend.
However, the convenience of BNPL comes with its own set of risks.
While BNPL services can providetemporary financial relief, they are not without pitfalls.
Missing a payment can result in late fees and can negatively impact your credit score.
Is It Too Much?
Plus, it’s possible for you to avoid impulse purchases.
When doing your shopping, consider usingcash and shoppingin person to help you stay within budget.
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