Avoiding Holiday Debt - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Avoiding Holiday Debt

Posted: Updated:

The holiday shopping season is a the best time of the year for retailers but many Americans break the bank and end up in financial trouble.

Stores are filled with shoppers trying to get the perfect gift for everyone on their shopping list. But that perfect gift doesn't have to cost a small fortune.

"If you find a really good deal on something that somebody's really going to like, and it's a $3.00, gift and everyone else is getting a $10.00 gift, they're not going to know. It's not a big deal," says Alicia Kellebrew financial advisor.

Kellebrew says if you want to survive the holidays without going into debt, there are a few easy tips you should keep in mind, and it starts with making a budget.

"Figure out in your budget how much you can allocate for gifts themselves. Then, after you come up with that amount, then you determine what your list is of the people that you need to buy for," says Kellebrew. "Then divide that out to see approximately how much you can afford to spend on each gift."

And when you do go to the store, leave the plastic at home.

"Take cash, leave your credit cards at home. Then you aren't tempted to overspend." And another tip, when you do go shopping, there's no need to turn it into a social activity,"says  Kellebrew. 

"There have been a lot of studies that say whenever you go shopping with other people you have a tendancy to overspend and spend more than you really meant to,"says Kellebrew.

She added that you should just remember what the holidays are really all about and if you can't afford the hot item of the year, don't stress about it.

You can find a holiday planning guide at helpwithmoney.org.

  • Latest NewsMore>>

  • Water Levels Rise Near Rice Lake

    Water Levels Rise Near Rice Lake

    Friday, April 18 2014 10:42 PM EDT2014-04-19 02:42:16 GMT
    While some may be thrilled with warmer temperatures, for the residents that live at Rice Lake, that warm up is scary. Sarahbeth Ackerman tells us why tonight.
    While some may be thrilled with warmer temperatures, for the residents that live at Rice Lake, that warm up is scary.
  • Clean-Up Day Approaches

    Clean-Up Day Approaches

    Friday, April 18 2014 8:22 PM EDT2014-04-19 00:22:27 GMT
    The annual Clean-Up Williston Day is quickly approaching. Mark your calendars for Saturday, May 3 at 8:30 a.m. at the Aafedt stadium parking lot. Chairman of the event, Dan Manjack is expecting another
    The annual Clean-Up Williston Day is quickly approaching.
  • Peacock Alley Owner Opens New Restaurant

    Peacock Alley Owner Opens New Restaurant

    Friday, April 18 2014 8:19 PM EDT2014-04-19 00:19:24 GMT
    The owners of a downtown restaurant are spreading their business philosophy north. Dale and Melodie Zimmerman have owned Peacock Alley for four years, and say they focus on preserving historic parts of
    The owners of a downtown restaurant are spreading their business philosophy north.
  • TOOLBOX

Most Popular

Stories
Videos
loading...
  • Special Feature HomeSpecial FeaturesMore>>

  • Ask An Attorney

    Ask An Attorney

    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
  • Mobile Apps

    Mobile Apps

    We have the best Mobile Apps.  Learn how you can download yours today.
  • Me-TV North Dakota

    Me-TV North Dakota

    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.
    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.  Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday.  As well as, local news and weather updates throughout the day.
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KFYR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.