A lot of people are off of work on Veterans Day and may be planning to starting their holiday shopping.
Experts are reminding people of the importance of smart shopping so you will not be hurting financially.
Financial Advisor Michelle Miller with Encompass Life and Wealth Strategies advises people to start by making a list and setting a budget, adding it helps people have more discipline when seeing a number written down.
People tend to over spend during the holidays and a great tip is to save up for those special items you are looking to buy.
Another tip Miller suggest is using cash over credit cards because paying off the debt can be tough.
“What we find is a trend for a lot of people is that they plan to use their tax refunds to pay off their Christmas spending but then what happens between Christmas and March or April is that life comes up,” Miller said.
Consumers plan to spend an average of $740 during the 2019 holiday shopping season, which is a 7% increase over their anticipated holiday spending last year, according to NPD research.
For more holiday shopping advice and resources click here.