The holiday shopping season brings out the best and worst in us. We love the thought of giving to those we love, but often tend to over spend, digging ourselves into a financial hole.
The latest figures show that the average American will spend more than $700 on gifts at Christmastime. And that amount could go up, as the National Retail Federation predicts a strong holiday forecast for this year.
Joyce Hicks, a business professor at Saint Mary's College, stopped by WNDU to share different ways you can prepare financially for the holiday season.
Some of her suggestions include: setting a budget and sticking to it, creating lists, and planning ahead.
Hicks is a big fan of using cash only. She says those using credit cards often forget how much they've spent.
Besides only cash, Hicks suggests saving way in advance. She encourages people to start putting money aside for next Christmas, now.
To hear more of her suggestions watch her interview with Gabby.