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3 Common Mistakes made in Personal Holiday Budgets

3 Common Mistakes made in Personal Holiday Budgets

Posted On: December 4, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking

Gift-giving during the holiday season can be overwhelming. We often consider this the single chance we have during the year to spoil our loved ones and remind them of how special they are to us. Before you know it, your holiday gift list goes beyond one page and you’re spending a small fortune – just because. In order to stay on track this holiday season, here are three mistakes that many fall victim to amidst the holiday hype. Not setting a holiday budget Did you sit down this year and determine how much you would spend on each individual? If you answered no, you’re not alone. People are often too engrossed looking at all the wish lists of their loved ones that they forget to take a logical, financial look at all their holiday spending. It’s easy to get sucked into gift-giving and splurging at all the stores in the mall, but it won’t leave your pocketbook very happy. In fact, on average, Americans rack up more than $1,000 in debt each year due to the

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