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Ways to cut costs this holiday season

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  • Description

    Advice from personal finance expert Vera Gibbons

  • Duration 2:46
  • Date

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We told -- yesterday about how good.

Consumer debt has hit an all time high.

A two point 75 trillion dollars and a recent survey says that credit card debt is the biggest -- for us Americans this year.

But we still have holiday shopping to do.

So how can we make sure that we don't maxed -- our credit cards are personal finance expert theory Gibbons is here with the tips to make you a smarter shopper pets -- my morning gains -- if we can't catch a break every man around taxes are going up and we're spending more -- -- have.

More on our credit card delinquencies and Elena what are we knew how to first -- have a budget right -- -- fourteen million Americans are still paying off last year's holiday -- -- 50% of its carrier -- month month.

This is high.

Interest debt.

-- -- -- -- -- -- Paying this off should be a priority if you can't pay app right away in the January -- -- Make a plan to pay it off by Easter.

-- cap the latest also in seventeen weeks of divide what you per week and then pay it off every track yet and say no if you -- about saying no to the store cards very tempting this time of year 1520%.

Save -- savings.

Now very high interest rates and that's -- with a 20% vs 1415 at a rate cards yet sounds like nothing when you're just at the register.

It's outrageous when you get your -- I know more impulse buys are are less so much impulse buying going on this holiday season is just crazy stores doing everything they can to get us to -- on impulse the right on the announced write music the rights -- a little sample -- try this try that.

We're following for nine out of ten of us are buying on impulse 20% of us are buying things for -- -- And it's costing the average consumer -- extra 200 dollars a month so no more impulse -- are right shop online that you -- -- middle of the -- Just say no what shall we say -- to.

The jewelry is a big now now it's very expensive this time of year watches -- -- very expensive this time of year.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And then you say shop Smart wouldn't.

Shop Smart price adjustments we lose out the average household that's on a couple hundred dollars a year -- they don't take your manager press adjustments you've got best buy target offering price matching guarantees online for the first time this year.

City one of the sites I blog or has a price we we wind programming -- to the end bought online.

Cities -- despair for at a price for thirty days if they find a better price on that item 25 dollar -- -- -- more they're gonna refund you the difference of up to 250 dollars to these the types of things that are happening you know -- -- forfeit these programs thank you -- to thank you -- -- you're welcome.

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