MINOT, N.D. – The malls are full of shoppers looking for the perfect Christmas gift, but what about those wallets? This time of year they can empty out pretty quickly.
With bags full of gifts you'll make everyone on your list happy, but holiday shopping can bust your budget.
"Really find out what's important to you, make a plan and try to stick to it,” says Cameron Stone, financial advisor with Edward Jones.
These two points are key for many parents and grandparents.
"Everyone wants to give gifts to family and for the kids,” said Mary Leducer, holiday shopper.
Many say they get caught up in the "holiday spirit" and become over-spenders.
"We try not to be, but sometimes we end up getting a little bit carried away sometimes,” said Darrell Leducer, holiday shopper.
Having a plan and an idea of how you're going about shopping will help keep you from getting sidetracked.
"It's so easy to just get going in the holiday spirit and things are going so well and you just kind of forget those financial goals that you made,” said Cameron Stone.
Short-term goals are most often impacted by holiday shopping, but if you're not careful the long-term can as well. Deals, may look appealing, but they may not be the best thing for your budget.
"A lot of incentives to take on debt in order to finance new purchases. It may seem like a good deal now, like a low interest rate just really stay focused on your long term plan,” said Stone.
Not all gifts need to be expensive: handmade, baked goods are a low-cost, heartfelt gift.
"Don't' worry so much about materialistic items. Look at the reason for giving that being you know the sentimental type values,” said Stone.
Finding ways to give great gifts while staying on budget.