According to the American Consumer Credit Council, the average American spends nearly $1,000 at Christmas. Even during tough economic times that total doesn’t waver much. For some reason, people feel the need to show their love for family and friends by spending money on them during the holidays. Financial experts frown upon this practice and are encouraging cash strapped Americans to reduce their holiday spending by 30 to 50 percent this year. In addition, the money gurus are imploring people to set a budget for holiday gifts and entertainment and stick with it. Have you created a holiday budget? Some … Continue reading →