Have a Merry, Debt-Free Holiday Season

  • Americans love the winter holidays, but they also find them stressful and commercialized
  • The average American is predicted to spend $1,652 this holiday season
  • More than half of Americans went into debt due to holiday shopping last year
  • To save money and your sanity, follow these five steps: soul searching, focus on meaningful traditions, downscale gift giving, employ holiday hacks, and start planning for next year

Americans love the winter holidays, but they also find them stressful and commercialized. The average American is predicted to spend $1,652 this holiday season, and more than half of Americans went into debt due to holiday shopping last year. To save money and your sanity, follow these five steps: soul searching, focus on meaningful traditions, downscale gift giving, employ holiday hacks, and start planning for next year.

Factuality Level: 7
Factuality Justification: The article provides information about the stress and financial burden of holiday spending, citing polls and surveys. It also offers suggestions and steps to save money during the holiday season. While the information seems to be based on research and personal experiences, there are no specific sources or references provided to support the claims made in the article.
Noise Level: 3
Noise Justification: The article provides relevant information and tips on how to save money during the holiday season. It includes statistics and examples to support its claims. However, there is some filler content and repetition throughout the article.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not pertain to financial topics and does not describe any extreme events.
Public Companies: Deloitte (Unknown), American Express (AXP)
Key People: Jo Robinson (Author), Jean Coppock Staeheli (Author), Kate Rhoad (Resident of The Woodlands, Texas), Marie Sherlock (Author)

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Reported publicly: www.marketwatch.com