How to manage holiday spending and avoid debt NECN [Video]

The holiday season is here – a time when many Americans tend to overspend to find that perfect gift to share with friends and family.

According to NerdWallet’s 2024 holiday spending report, nearly three in 10 borrowers are still paying off their debt from last year’s purchases.

This year, you don’t want to find yourself haunted this holiday by the ghosts of Christmas past.

According to a Debt.com survey, 66% of consumers plan to take on debt for holiday shopping this year – a move experts say is very risky.  

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Tara Alderete is the director of enterprise learning at Money Management International — a nonprofit that offers debt management plans and financial education.

“If you do incur debt during the holiday season, you want to pay that off as quickly as possible,” said Alderete. “You can get a handle on that early, …