6 Tips for Holiday Shopping on a Budget [Video]

As the holiday season approaches, so too does the busiest shopping season of the year—with shoppers expected to spend big. 

The National Retail Federation (NRF) expects record high consumer spending this year—with people spending an average of $902 per person across gifts, food, decorations, and other seasonal items this holiday season—$25 per person more than last year, and $16 higher than the previous record set in 2019. A survey from debt.com found that 66% of holiday shoppers plan to take on debt for holiday shopping this year. 

Experts say that it is possible to shop without breaking the bank—it just requires a little planning. “You’re giving your future self a gift by not overspending because of the financial stress that comes with that self-inflicted expectation that you need to do more or spend a lot on a particular item,” says Julia Lily,  founder and wealth advisor at Ryerson Financial. 

Here are some tips to make holiday shopping more budget …