4 is the right way to buy everything, but don’t get into debt during the Christmas sales.

This time of year is not only the most wonderful, but also the most expensive. A year ago, Americans spent an average of $1054 during the holiday season, and 15% of Americans are still paying off debt from last year. And now a new window of opportunity opens. How to avoid spending more than you want and can afford?

Фото: Depositphotos

There are ways to save for holidays and avoid debts. Financial expert Chris Hogan gave some tips for Fox Business, which will help you control your Christmas spending. “You don’t want the holidays to drive you crazy,” the expert suggests. What do we do?

Stick to your budget

According to Hogan, it is highly desirable to allocate a fixed amount that you want to spend on anyone you plan to buy gifts. The specialist also suggests calculating how much you have already spent.

“Throughout the year, a lot of people went shopping and bought gifts for Christmas,” he says. “You should figure out what you have already bought and what you are planning.”

Use cash

Cash is essential - especially during the holidays, when this form of payment can help you control and understand your spending limits.

“If you're going to spend $100 on gifts for your brother on Christmas,” he said. “When that $100 runs out, you stop.”

Avoid credit cards from shops

And now, you are ready to pay for your purchase. But as soon as you open your wallet, the cashier asks: “Would you like to receive our store credit card and with it an additional 10% discount?”

Hogan says that this is not a very honest trick, so do not give in.

“These are all tricks. It's amazing that they will offer you 10% on this day, but they will take 4% from you for each subsequent one. ”

Do not buy gifts for yourself

Hogan advises to keep purchases to a minimum.

“22% of Americans buy gifts for themselves when they go shopping for gifts for others,” he said.

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