Avoid the holiday debt hangover by planning ahead.

Last holiday season, Americans gave themselves a gift: More than $1,000 in debt. On average, that’s how much we overspent on gifts, meals, decorations, and all other holiday items. As the new holiday season approaches, some of us are still paying off last season’s spending.

Even worse, Debt.com has previously reported that only half of Americans budget their holiday spending — and two-thirds of those overspend it, anyway.

Here’s how to plan now and avoid another holiday debt hangover…

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Meet the Author

Joe Pye

Joe Pye

Associate editor

Pye is the associate editor of Debt.com.

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Article last modified on December 17, 2018 Published by Debt.com, LLC . Mobile users may also access the AMP Version: 8 Ways to Prep Now for Your Holiday Budget - AMP.