Despite proclamations that the recession is over, most people are planning to keep a tight rein on their wallets this holiday season. And when they do pry their wallets open, fewer people will reach for their credit cards. Those are among the findings of surveys by the National Retail Federation and USAA.
Using cash instead of credit is a proven method of staying within your budget. And it’s a strategy that more than 13 million people probably wish they had employed last year. According to Consumer Reports, that’s how many people are still paying off debt from last year’s holiday shopping trips.
Speaking of holiday shopping, if there are any kids on your list, this toy-buying guide from Consumer Reports may help. And remember that some toys come with ongoing costs. If you’re buying for someone else’s kids, their parents will probably appreciate it if you opt for toys that don’t require batteries.