How You Can Check This Gift List Without Breaking the Bank – NBC 5 Dallas-Fort Worth


There is something like being too generous, especially during the holidays, and especially in our current climate.

People are rushing to buy things from loved ones because of supply and demand issues, and already budgets are thrown out the window, and before you know it you’re in debt before the new year.

Lauryn Williams, certified financial planner at Worth Winning in Dallas, says the first tip is simple: don’t be fooled by the offers. Eye-catching ads and vacation ads exist because they work.

“You don’t want to be the person who ends up buying 4 TVs because they cost $ 200 each and you can only watch one. You don’t need 10, don’t buy 10, so that’s the number one tip I would say, ”Williams said.

A holiday survey by the “Affirm” company found that people started shopping early last month.. Most people no longer wait until Black Friday or Cyber ​​Monday to start shopping, and more than half agreed that they feel pressured to overspend while on vacation.

“I think online shopping will increase people’s spending. I think of how easy it is to be able to click buttons. You know we’ve had Cyber ​​Monday for a while, but in light of the things that have happened with the pandemic, I think it’s going to be a lot easier for people to buy more, to throw more into their pockets. basket, to have extras arrive. There are much easier ways for people to make refunds, even if people aren’t actually turning things around. So I think it will be an increase in spending, ”said Williams.

How do you keep these expenses under control? Williams has a few tips we can use right now:

  • Budget: Plan ahead and set a spending limit. She says the average spending for Christmas is around $ 1,000, of course that’s relative depending on your income.
  • Don’t be afraid to pick up a side bustle. A great way to meet short-term spending goals while on vacation without going into debt.
  • Value these relationships. Go through your list and see who is the most important person or important people in your life. A good way not to overbuy.
  • Do something that doesn’t cost you a dime. You can do something very thoughtful, like write a letter or make your own greeting card. A great way to narrow down your vacation spending list.

Click here for more tips on budgeting and financial planning. Williams is offering a 12-week live online program launch for the New Year.


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