Feliz navidad? More like feliz navi-DEBT.
The holiday season is the time of year when people spend the most, mainly on gifts for their loved ones. It’s easy to throw caution to the wind and just blow your budget regardless of the consequences. And the rise of mobile shopping has only made it easier to drop hundreds, perhaps thousands of dollars on shiny new objects. In fact, industry experts expect the average American to spend $920 per person on holiday gifts in 2019 — $885 more than 2018 — reaching a total of more than $1 trillion in holiday spending.