By Ann Brown
It’s easy to go into debt during the holiday season. It’s not just money spent on gifts, but also entertainment and other holiday expenses.
And, it seems a majority of Americans realize this and plan on being on a budget this year. “According to the most recent CNBC and Acorns Invest in You survey conducted by SurveyMonkey, about half (49 percent) of Americans expect to spend about the same amount on gifts for friends and family this holiday season, and 36 percent said they expect to spend less. Only 13 percent of those surveyed plan to spend more on the holidays this year, CNBC reported.
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On average, consumers will spend $825 on gifts this year. This, according to NerdWallet, is up from $776 last year. NerdWallet also found that 41 million Americans are still paying off holiday credit card Click here to read entire article