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A Mental Health Guide to Holiday Shopping | News Channel 3-12

On Monday, financial advisers urged shoppers to review purchases after Black Friday and Cyber Monday, noting overspending is common and recommending immediate steps to address November guilt.
Experts say urgency and marketing tactics have retailers pushing earlier deals, while many shoppers lack year-round savings and often get out over their skis.
Do a shopping reality check by inventorying your haul, using retailer return policies, and setting a single spending cap with a 24-hour waiting rule, advised by financial experts.
Financial planners warn that holiday spending can create a credit card bill taking three to six months to pay off, adding interest and threatening goals like a 529 plan across income levels from five figures to seven figures.
Budgeting throughout the year can ease holiday costs, and John Bell, CFP, advises bookmarking a month or two next year to pay bills and build a savings bucket.

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A mental health guide to holiday shopping | News Channel 3-12

Jaclyn Vernace // Shutterstock As soon as the leftover turkey is put away, the holiday retail machine roars to life. From Black Friday through Cyber Monday, inboxes flood, and our dopamine circuits light up like the sales banners that promise “once-a-year deals.” This shopping weekend has become the unofficial kickoff to a season of stress: one that profits off emotional and psychological urgency. To help provide some expert guidance on how to…

5 days ago

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InsideNoVA.com

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A mental health guide to holiday shopping

Blueprint reports that holiday shopping can lead to stress and overspending; planning and mindfulness can ease financial burdens.

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The Record

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How to shop for the holidays without unwrapping spending regret come January

The holidays promise laughter and the joy of togetherness, but the sparkle of the season can quickly fade when your credit card bills start rolling in.

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