November 28, 2004 04:40 AM
Give Gifts That Give Back
Excerpt: The holiday shopping season officially starts this week, but many halls are already decked and many consumers' budgets are already stretched. Here are some tips to help you give great gifts, make the most of the holidays and still feel good for the new year.
The holiday shopping season officially starts this week, but many halls are already decked and many consumers' budgets are already stretched.
Holiday spending is up almost 20 percent from the same time last year, reports Visa, and momentum is building.
This year will see more gift cards -- topping apparel for the first time ever, says Deloitte & Touche -- along with 33.7 percent more online shopping, more credit card promotions, and more worries. Money is the No. 1 concern for most American consumers around holiday time.
By the time the holidays are over, consumers typically have spent about 30 percent more than they intended.
"Many people are still paying off their credit cards from last Christmas," says Howard Dvorkin of the Consolidated Credit Counseling Services. "In the back of people's minds, they know their stress will be worse in January when they must face the stack of bills."
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