More than 59% of Americans are stressed about buying gifts due to higher prices, and 27% of people expect to go into debt for holiday gift-giving. According toBut there are things you can do to help save money this season, according to Ivanhoe.
“They will charge, charge, charge and not realize what is that interest rate if you can’t pay it off the very next month,” says Jeannette Bajalia, a financial planner and president/founder of Woman’s Worth. “If you’re gonna buy your kids, grandkids gifts, then start now finding them at low affordable costs. That’s the first thing, the second thing is do a budget,” Bajalia added.
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