The average American spends between $500 and $700 on gifts alone during the December holiday season. When you add entertaining, holiday cards, decorations, party clothes and candy cane costs, December can start to look pretty expensive.
Whether you celebrate Christmas, Hanukkah or Kwanzaa, you should start thinking about saving early. Prepare for holiday costs by starting to save a little extra money each month as soon as you break out your fall hats and mittens. Building up some cash reserves in October and November can help you avoid expensive credit card bills in January.
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