The holiday season is one of giving, which often means it is also one of spending. Here to help take some of the stress out of holiday shopping is Consumer and Family Finance Expert, Andrea Woroch.
Andrea says that when it comes to budgeting for the season, a lot of people focus on gifts. While this is important, you also need to think about all of the other expenses that come up this time of year. If you don’t plan ahead, people tend to overspend or even take on debt. When you add up all of the little expenses that come with the holidays, it can total more than you would expect.
If you need help figuring out how much you need to budget, Andrea says that a great place to start is simply looking at everything you spent last holiday season. In terms of Black Friday and Cyber Monday, those are great days to take advantage of holiday sales. Make sure to do your research to find out who really has the best deal, and you probably won’t even have to go to the store. Most Black Friday deals can now be found online, too.
Andrea also mentions that when using a credit card, you want to make sure you have one that gets rewards. Cards with no rewards are really just leaving money on the table. There are so many options out there to choose from, everyone can find a card that is right for them. A great example is the Capital One Walmart Rewards Mastercard. You can get 5% back on purchases made on Walmart.com and through the app. You can also get 2% back on in-store purchases, and more.
For more information visit capitalone.com/learn-grow.