How to Deal with Financial Anxiety Before the Holiday Season

The holiday season can offer many reasons to spend money. There are opportunities to book flights, buy gifts, special outfits for parties, extra food for visitors and the temptation of seasonal sales. To take part in the holiday, many people may end up stretching their budget—regardless of whether they can actually afford it.

“Even though credit card debt tops $1.14 trillion, holiday shoppers expect to spend an average of $1,778, up 8% from last year,” he said. CNBCciting Deloitte’s holiday retail research. These spending plans come despite the fact that NerdWallet estimates that “28% of holiday shoppers still haven’t paid for gifts they bought for their loved ones last year.”