Money-saving tips for holiday shoppers
BATON ROUGE- Holiday shoppers are already in stores, and experts say a lot of them will spend money on gifts they don't need.
Baton Rouge financial planner Chad Oliver tells his clients that writing out a list can help you avoid spreading yourself too thin.
"You should have who you're buying the Christmas gifts for: kids, family members," he said. "Set a dollar limit and stick to that plan."
Holiday shoppers spent more than $400 billion last year. Olivier says there are several ways to put money away for safe keeping.
"Many banks or credit unions have what's called a Christmas savings account," Olivier said. "It's a way that you can start taking money from that area so you can see where that money is and how much you can actually spend."
But whatever you do, Olivier says don't spend so much on just one day that you put yourself in a financial hole that will haunt you for years.
The National Retail Federation predicts holiday shoppers will spend about 4 percent more this year than previous years.