Covid-19 along with Holiday spending

2 in 5 Holiday shoppers are planning to spend less this year

Covid-19 along with Holiday spending

RICHMOND, Va. (WWBT) - Two out of five holiday shoppers say they plan to spend less this year because of the pandemic.

According to a study by NerdWallet-- 65% of Americans say the pandemic will impact the way they plan to give gifts this year.

The pandemic has really shaped people’s budgets this holiday. So how do you not go overboard? A lot of people are not traveling this year!

Take that money you’d usually spend on plane tickets or gas and put it toward gifts.

“You can also take any travel credit card rewards that you’ve accumulated that are just sitting there unused.

You could turn those into gifts instead by using those rewards and turning them into cashback that sort of thing,” Kim Palmer a Personal Finance Expert with Nerdwallet said.

Make a list and don’t be tempted by last-minute gifts you didn’t budget. Plan your purchases around the big sales.

Also, get an app like Shop Savvy to help you find the best price on an item you want to buy.

In this day and age, it’s easier than ever to buy something online and have it delivered or pick it up at the store, so make sure you comparison shop from your phone or computer before you hit purchase.

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