How To Deal With The Holiday Spending Rush

1A

NPR

News

4.3 • 4.5K Ratings

🗓️ 19 December 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's the holiday season which means bright lights and parties. It can also mean an unusually high credit card bill.

From gift giving, to travel, to that item you just had to buy for yourself, end-of-year spending is up. Black Friday shoppers spent a record $9.8 billion dollars online this year. Shoppers spent a record $12.4 billion on Cyber Monday.

But not everyone is putting cash upfront. Buy Now/Pay Later usage hit an all-time high in November, with an increase of over 42 percent from last year, according to Adobe Analytics. And half of Americans expect to take on debt to pay for the holidays, according to the personal finance company Achieve.

We discuss the best way to deal with the rush of holiday expenditures.

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Transcript

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1:21.6	NPR.org. 1a and parties. It can also mean a lot more credit card swipes. From gift giving to travel to that item you just had to buy for yourself, end of year spending is up.
1:46.2	Black Friday shoppers spend a record $9.8 billion online this year, while shoppers spend a record 12.4 billion on Cyber Monday.
1:55.6	But not everyone is putting cash up front.
1:58.0	Buy now pay later usage hit an all-time high in November with an increase of over 42% from last year.
	...

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