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Holiday spending up this season

Posted at 9:51 PM, Dec 11, 2018
and last updated 2018-12-12 00:51:34-05

Americans plan to shell out a lot of money this holiday season.

According to the National Retail Federation, the average consumer will spend more than $1,000 this Christmas season, a 4.1 percent increase from last year.

Experts say it’s important to create a budget in order to keep your holiday spending under control.

If you have some unused credit card reward points, now would be a good time to cash them in.

Also, avoid impulse shopping. Consumer experts say nearly seven in 10 shoppers blow their budget by as much as $300 during the seasonal rush, with 63 percent blaming their surplus spending on impulse purchases.