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Ways to avoid overspending for holiday gifts

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ST. LOUIS, MO (KTVI)- Holiday shoppers around the country say they are going to spend $47 more this year for an average of  $929 for gifts. It’s the first time planned gift spending exceeds 900 dollars since 2006.

President of Central Bank of St. Louis Rick Bagy has some suggestions to help control your spending this holiday season.

Make sure to plan a gift spending budge per person and stick to it so you don’t spend more then you’re wanting. If you use your credit cards for holiday spending, try to pay them off in full right away.

Last but not least, don’t wait until last minute to shop because people have a tendency to overspend last minute.


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