El Segundo, CA (PRWEB) November 24, 2012
The holidays can be difficult for many consumers, but young adults especially. Those who are still in their late teens and early twenties are often just becoming financially independent, and don’t have the room in their budgets to buy Christmas presents for many friends and family. Casey Bond, managing editor for Go Banking Rates, specializes in personal finance for young adults and covers this stressful situation that can often lead to debt in her most recent op-ed piece.
“I am the first to admit that being an adult is a real drag sometimes, especially around the holidays.” Ms. Bond explains. “Rather than thumbing through a Toys R’ Us catalog and circling everything I want from Santa this year, I’ll be stressing over my savings account and how much of it I can bear to part with in December for Christmas gift shopping.”
In order to help others who have dealt with the same issues, Bond provides five tips for saving on Christmas shopping that she will be employing this year, including:
1. Use Target’s debit REDcard to get 5% off all purchases.
2. Take advantage of free shipping on Amazon.com by buying gifts through the retailer.
3. Create gift “pools” among friends or siblings to cut down on the number of gifts purchased.
4. Buy thoughtful, single gifts for couples rather than for each individual.
5. Ask others to donate to a charity of choice rather than exchange gifts.
Bond advises readers, however, that none of the above tips are as important as remembering, “Giving and receiving gifts is fun and makes for a special holiday, but it’s not worth it if you struggle with debt the rest of the year due to overspending.”
About Casey Bond
Casey Bond has been a professional within the finance industry for close to a decade. Her work regularly appears on a number of major national publications in addition to Go Banking Rates, including Business Insider, US News & World Report, and Yahoo! Finance. Her work can also be found on The Motley Fool, LearnVest, Money Talks News, Seeking Alpha, About.com, Redbook Magazine and Shape.
About Go Banking Rates
Go Banking Rates (GoBankingRates.com) a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Go Banking Rates also regularly publishes expert advice from personal finance professionals.
GoBankingRates.com belongs to a network of more than 1500 finance websites, including GoInsuranceRates.com and GoFreeCredit.com. These sites receive more than 2 million visits each month.
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Jaime Catmull, Director of Public Relations