Boston, MA (PRWEB) July 25, 2014
The summer season is in full swing, the weather is warm and the last thing on consumers’ minds are the winter holidays. However, with Black Friday and holiday shopping less than four months away, holiday expenses will be here before we know it. Year after year, November and December are the highest months for consumer spending, and expected spending continues to grow. Last year alone, consumers spent a total of $602 billion, a 3.8 percent increase from the prior year Despite this, many consumers do not adjust budgets accordingly, creating a holiday debt hangover come the New Year. This year, consumers can avoid the headache of the post-holiday bill by beginning to save for the holidays during the summer months.
“Winter holidays are the most expensive time of year for consumers,” stated Steven Trumble, President and CEO of ACCC. “Although we are still enjoying the warm weather, it is smart to be thinking about future spending habits and how to accommodate for the inevitable increase in spending in November and December. Saving and budgeting now can help relieve holiday stress later.”
According to the National Retail Federation Foundation, in 2013 consumers spent an average of $730 on holiday gifts, food and decorations, at least $500 more than they did on any other holiday throughout the year.
There are many ways consumers can start saving for holiday spending while still enjoying the summer months. ACCC provides five essential tips on how to make small changes now to avoid breaking the bank this holiday season:
ACCC is a 501(c)3 organization that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:
About American Consumer Credit Counseling
American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling 501(c)(3) organization dedicated to empowering consumers to achieve financial management and debt relief through education, credit counseling, and debt management solutions. ACCC provides individuals with practical debt solutions for solving financial problems and recognizes that consumers’ financial difficulties are often not the result of poor spending habits, but more frequently from extenuating circumstances beyond their control. As one of the nation’s leading providers of financial education and credit counseling services, ACCC’s certified credit advisors work with consumers to help them determine the best plan of action to get out of debt and regain financial stability. ACCC holds an A+ rating with the Better Business Bureau and is a member of the Association of Independent Consumer Credit Counseling Agencies. For more information or to access free financial education resources, log on to ConsumerCredit.com or visit TalkingCentsBlog.com.