As the holiday season approaches, many consumers are feeling stressed about the expected costs, with 55% of 2024 holiday shoppers indicating financial anxiety, according to a NerdWallet survey. Despite this, 32% feel compelled to buy gifts to express love for their family and friends. Financial experts suggest planning a budget in advance to prevent overspending. Tips include setting aside money throughout the year, creating a gift list early, and spacing out purchases to maintain financial control. Mindful shopping habits can help mitigate the post-holiday financial “aftershocks,” according to financial therapist Carrie Rattle.
