News Formal

Behavioral Finance Expert Warns Against Holiday Overspending

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 6 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Finance News

Behavioral Finance,Holiday Spending,Financial Goals

A behavioral finance expert warns that consumers are naturally inclined to focus on short-term gratification, leading to overspending during the holiday season. Financial planner Brad Klontz provides tips on how to manage holiday spending and maintain long-term financial goals.

Behavioral finance expert Brad Klontz warns that consumers tend to prioritize short-term gratification over long-term financial goals, especially during the holiday season. Americans are expected to spend an average of $1,014 on Christmas or other holiday gifts in 2024, a significant increase from $923 in 2023. Some consumers plan to dip into their emergency funds or prioritize gifts over household bills.

Klontz suggests developing a spending plan to avoid overspending and maintain long-term financial health

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SingularityDAO, SelfKey and Cogito Finance Token-Holders Approve Merger to Form Singularity FinanceCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Finance expert issues warning over the 'elephant in the room' that Harris has been quiet aboutFinancial adviser Bryan Kuderna and International Center for Law & Economics chief economist Brian Albrecht break down former President Trump and VP Harris' international economic proposals.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Democrat Adam Smith Supports Finance Expert in Pentagon ReformsHouse Armed Services Committee Ranking Member Rep. Adam Smith (D-WA) expressed support for the idea of a finance expert occupying a top position within the Department of Defense, aiming to improve financial management and procurement processes.
Source: BreitbartNews - 🏆 610. / 51 Read more »