According to The National Retail Federation, American consumers spent $655.8 billion on the holidays (excluding automobiles, gasoline and restaurants) in 2016. Consumer spending is expected to increase by up to 4 percent this holiday season.
Determining how much to spend on Christmas can be tricky. Financial planners advise us to spend no more than 1.5 percent of our income on holiday expenses. So, if you made $50K, you’d want to stay under $750 for total holiday spending. If you love the holiday, but do not want to be paying for it in May, here are a few things to consider now:
You’re invited to enter to win one of three Amazon Echo 2nd Generation Smart Devices to help check someone off your holiday gift list!
Here's how you enter:
1. Watch one or more of my videos on the USU Extension Family Finance playlist found here.
2. When you’re done watching click this link to provide feedback about each video you watched.
Surveys must be completed by Friday, December 8, in order to qualify for the drawing. Winners will be notified by Monday, December 11.
Be sure to enter your name and email at the end of the survey if you would like to be entered into a drawing to win one of the 3 Amazon Echo’s. Feel free to share this opportunity with anyone who may be interested! (Must be 18 years old or older to participate. Limit one entry per person.)
Thanks in advance for your participation!
I presented yesterday to a group of USU employees about "Perfect Planning for Holiday Spending". Is there such a thing as "perfect planning"? I think so! We make financial plans so we can better deal with the unplanned!