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5 ways to handle the holidays when you're in debt
Financial experts advise revisiting debt plans, using price-tracking tools, and reducing gift spending as 69% of Americans find holidays financially stressful, survey shows.
- Financial experts outlined five strategies to manage holiday spending for General U.S. households in debt, aimed at easing December pressures.
- Data from the Federal Reserve Bank of New York shows outstanding credit‑card balances jumped to $250 million, while inflation and tariffs increase holiday costs, financial experts say.
- Consumer Reports highlights steep holiday discounts on electronics, and experts advise using CamelCamelCamel to track prices and time purchases during retailer sales.
- Honesty with family and scaled‑back gifting can protect budgets, as Spencer Betts advises households to prioritize debt repayment and forgo gifts when finances are strained.
- Community events and potlucks provide budget‑friendly celebration options like hot chocolate outings and town activities, helping households avoid debt, experts say.
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29 Articles
Coverage Details
Total News Sources29
Leaning Left2Leaning Right0Center24Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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