Four Holiday Shopping Strategies to Keep You in Check

Overspending during the holidays is so easy, but if you go into the shopping season with a plan and a budget, you’ll be so much happier in 2024.

Holiday presents and Christmas tree ornaments are artfully arranged.
(Image credit: Getty Images)

Although many people’s finances are in a better position today than they were a year or two ago, this holiday season could still be tough. Holiday shopping can be expensive, especially if you have a lot of people to shop for.

If you’re not careful, your generous gift giving could be harmful to your finances. Given inflation and high interest rates, it’s important to have a plan in place before you head out to the stores to buy presents. Here are four strategies to consider for your holiday spending.

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Tony Drake, CFP®, Investment Advisor Representative
Founder & CEO, Drake and Associates

Tony Drake is a CERTIFIED FINANCIAL PLANNER™ and the founder and CEO of Drake & Associates in Waukesha, Wis. Tony is an Investment Adviser Representative and has helped clients prepare for retirement for more than a decade. He hosts The Retirement Ready Radio Show on WTMJ Radio each week and is featured regularly on TV stations in Milwaukee. Tony is passionate about building strong relationships with his clients so he can help them build a strong plan for their retirement.