The holiday season is not easy on the budget. Between gifts, decor, festive party attire, food and plane tickets, the expenses can add up fast.
To cover all of those extra costs alongside the regular costs of living, an estimated 72% of U.S. adults are “making financial trade-offs to afford this holiday season,” said CNET. While your mind may initially go to cutting back and exploring cost-savings measures (which can certainly be effective), that is not your only option. In fact, said CNET, “if you’re worried about affording the holidays, personal finance experts recommend two options for covering holiday gifts and plans: either cut costs on everyday expenses or increase your income.”
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