18WT 064: In this episode we talk about Holiday trends, Saving money, family traditions and more.

This Holiday everyone is all about staying home and enjoying that family meal. More than just the family time it is also a very big saver on the budget. So, as we have talked with family and friends about the upcoming holidays, we see how people are going back to things they did as kids and passing them down to their children. But let’s not forget a family favorite before anyone leaves on Thanksgiving night. The Secret Santa gift exchange, name exchange.

And thus, begins Black Friday, yes that joyous day of the year when you can feel the love and human kindness. Then you leave the house somewhere between 11pm that night and 3am on Friday morning and go stand outside in a line. For some item that you or someone on your gift list Must have.

"Consumers are going to spend as much as they did last season, but they are limiting the people they're spending on. They only have a certain amount of money, so they have to tighten that list of who they're buying presents for," said Howard Dvorkin, chairman of Debt.com. "Because of the increased pricing, their dollars won't go as far as they did last year.

So the bottom line is don’t spend more than you can really afford—aka don’t go into debt to fund your Christmas. No matter how much you have to spend, set a budget for it.

Full podcast show notes available here: https://www.18wheeltalk.com/e64

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